Common use of Termination of Employment for Good Reason Clause in Contracts

Termination of Employment for Good Reason. Immediately following the Effective Time (as defined in the Merger Agreement) your Service Period (as defined in the Employment Agreement) and employment with the Company and the Bank under the Employment Agreement will terminate without any action on the part of you, the Company, the Bank, or any of their affiliates, and such termination will be treated as a termination of your Service Period and employment for Good Reason under the Employment Agreement.

Termination of Employment for Good Reason. Immediately following prior to the Effective Time (as defined in the Merger Agreement) your Service Period (as defined in the Employment Agreement) and employment with the Company and the Bank under the Employment Agreement will terminate without any action on the part of you, the Company, the Bank, or any of their affiliates, and such termination will be treated as a termination of your Service Period and employment for Good Reason under the Employment Agreement.