Common use of Termination Following Expiration of a Term Clause in Contracts

Termination Following Expiration of a Term. In the event of a termination by the Bank of Executive’s employment following the expiration of any Initial Term or Renewal Term due to the Bank’s decision not to renew the applicable Term, the Bank shall pay or provide to Executive the amounts, benefits and rights described in Section 3.6(a).

Appears in 4 contracts

Samples: Employment Agreement (Peoples Financial Services Corp.), Employment Agreement (Peoples Financial Services Corp.), Employment Agreement (Peoples Financial Services Corp.)

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