Termination of Employment Following Breach. In the event (i) any breach by the Executive of the agreements and covenants described in Subsection 8.1 occurs, and (ii) the Executive's employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive shall be paid in accordance with Subsection 5.2 of this Agreement.
Appears in 8 contracts
Samples: Executive Supplemental Retirement Income Agreement (United National Bancorp), Executive Supplemental Retirement Income Agreement (United National Bancorp), Executive Supplemental Retirement Income Agreement (United National Bancorp)
Termination of Employment Following Breach. In the event (i) any breach by the Executive of the agreements and covenants described in Subsection 8.1 7.1 occurs, and (ii) the Executive's ’s employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive shall be paid in accordance with Subsection 5.2 5.3 of this Agreement.
Appears in 4 contracts
Samples: Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)
Termination of Employment Following Breach. In the event (i) any breach by the Executive of the agreements and covenants described in Subsection 8.1 7.1 occurs, and (ii) the Executive's employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive shall be paid in accordance with Subsection 5.2 of this Agreement.
Appears in 2 contracts
Samples: Executive Supplemental Retirement Income Agreement (West Essex Bancorp Inc), Executive Supplemental Retirement Income Agreement (West Essex Bancorp Inc)
Termination of Employment Following Breach. In the event (i) any material breach by the Executive of the agreements and covenants described in Subsection 8.1 occurs, and (ii) the Executive's employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive shall be paid in accordance with Subsection 5.2 of this Agreement.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Synergy Financial Group Inc)
Termination of Employment Following Breach. In the event (i) any material breach by the Executive of the agreements and covenants described in Subsection 8.1 5.1 occurs, and (ii) the Executive's employment with the Bank Association is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive under this Agreement shall be paid in accordance with Subsection 5.2 of this Agreementforfeited.
Appears in 1 contract
Samples: Second Executive Supplemental Retirement Income Agreement (Dsa Financial Corp)
Termination of Employment Following Breach. In the event (i) any material breach by the Executive of the agreements and covenants described in Subsection 8.1 9.2 occurs, and (ii) the Executive's ’s employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive under this Agreement shall be paid in accordance with Subsection 5.2 of this Agreementforfeited.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Pathfinder Bancorp Inc)
Termination of Employment Following Breach. In the event (i) any breach by the Executive Director of the agreements and covenants described in Subsection 8.1 occurs, and (ii) the Executive's Director’s employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive Director shall be paid in accordance with Subsection 5.2 of this Agreement.
Appears in 1 contract
Samples: Director Retirement Plan (West End Indiana Bancshares, Inc.)
Termination of Employment Following Breach. In the event (i) any material breach by the Executive of the agreements and covenants described in Subsection 8.1 occurs, and (ii) the Executive's ’s employment with the Bank is terminated due to such breach, such termination shall be deemed to be for Cause and the benefits payable to the Executive shall be paid in accordance with Subsection 5.2 of this Agreement.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Pathfinder Bancorp Inc)
