Common use of Termination for Cause; Disability; Death Clause in Contracts

Termination for Cause; Disability; Death. Retirement or other Than for Good Reason. In the event the Executive's employment hereunder is terminated (A) by action of the Bank for Cause prior to a Change in Control or for Cause coincident with or following a Change in Control; (B) by action of the Executive not for Good Reason, at any time; or (C) by reason of the Executive's death, Disability or Retirement, the following compensation and benefits shall be paid and provided the Executive (or his beneficiary): (1) The Executive's base salary provided under paragraph a. of Section 5 through the last day of the month in which the Date of Termination occurs, at the annual rate in effect at the time Notice of Termination is given (or death occurs), to the extent unpaid prior to such Date of Termination; (2) Any bonus under paragraph b. of Section 5 which has been awarded prior to the Date of Termination, to the extent unpaid prior to such date; (3) Any benefits to which the Executive (or his beneficiary) may be entitled as a result of such termination, under the terms and conditions of the pertinent plans or arrangements in effect at the time of the Notice of Termination under paragraph d. of Section 5; and (4) Any amounts due the Executive with respect to paragraph c. or paragraph e. of Section 5 as of the Date of Termination.