Termination of Cause. If the Bank terminates the Executive's employment for: 5.2.1 Gross negligence or gross neglect of duties; 5.2.2 Commission of a felony or of a gross misdemeanor involving moral turpitude; or 5.2.3 Fraud, disloyalty, dishonestly or willful violation of any law, regulation or significant Bank policy committed in connection with the Executive's employment and resulting in an adverse effect on the Bank.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan (Provident Community Bancshares, Inc.), Supplemental Executive Retirement Agreement (Southbanc Shares Inc), Supplemental Executive Retirement Agreement (Southbanc Shares Inc)
Termination of Cause. If if the Bank terminates the Executive's employment for:
5.2.1 Gross negligence or gross neglect of duties;
5.2.2 Commission of a felony or of a gross misdemeanor involving moral turpitude; or
5.2.3 Fraud, disloyalty, dishonestly or willful violation of any law, regulation or significant Bank policy committed in connection with the Executive's employment and resulting in an adverse effect on the Bank.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Provident Community Bancshares, Inc.)
