Common use of Termination of Employment on Disability Clause in Contracts

Termination of Employment on Disability. The Company, pursuant to a resolution duly adopted by the Board, may terminate Executive's employment if Executive becomes Disabled by giving Executive written notice of its intention to terminate Executive's employment, subject to the terms and conditions specified in the notice. If Executive becomes Disabled and does not return to the performance of his duties for the Company in accordance with the terms and conditions set forth in the notice, Executive's employment with the Company shall terminate (the "Disability Effective Date"). For purposes of this Agreement, "Disabled" has the meaning set forth under the Long Term Disability Plan of Lexington State Bank or any successor plan or amendment to such Plan. If Executive's employment is terminated because Executive is Disabled, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the Disability Effective Date, to receive disability and other benefits on a basis comparable to those provided by the Company to disabled employees and their families in accordance with such plans, programs, and policies relating to Executive's disability, if any, as in effect on the Effective Date or as amended thereafter.

Termination of Employment on Disability. The Company, pursuant to a resolution duly adopted by the Board, may terminate Executive's employment if Executive becomes Disabled by giving Executive written notice of its intention to terminate Executive's employment, subject to the terms and conditions specified in the notice. If Executive becomes Disabled and does not return to the performance of his her duties for the Company in accordance with the terms and conditions set forth in the notice, Executive's employment with the Company shall terminate (the "Disability Effective Date"). For purposes of this Agreement, "Disabled" has the meaning set forth under the Long Term Disability Plan of Lexington State Bank or any successor plan or amendment to such Plan. If Executive's employment is terminated because Executive is Disabled, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the Disability Effective Date, to receive disability and other benefits on a basis comparable to those provided by the Company to disabled employees and their families in accordance with such plans, programs, and policies relating to Executive's disability, if any, as in effect on the Effective Date or as amended thereafter.

Termination of Employment on Disability. The Company, pursuant to a resolution duly adopted by the Board, may terminate Executive's employment this Agreement if Executive becomes Disabled by giving Executive written notice of its intention to terminate Executive's ’s employment, subject to the terms and conditions specified in the notice. If Executive becomes Disabled and does not return to the performance of his duties for the Company in accordance with the terms and conditions set forth in the notice, Executive's ’s employment with the Company shall terminate (the "“Disability Effective Date"”). For purposes of this Agreement, "“Disabled" ” has the meaning set forth under the Long Term Disability Plan of Lexington State Bank or any successor plan or amendment to such Plan. If Executive's ’s employment is terminated because Executive is Disabled, Executive will not receive any Continued Compensation under Section 6 this Agreement but is entitled, after the Disability Effective Date, to receive disability and other benefits on a basis comparable to those provided provide by the Company to disabled employees and their families in accordance with such plans, programs, and policies relating to Executive's ’s disability, if any, as in effect on the Effective Date or as amended thereafter.