Common use of Termination of Employment Relationship Clause in Contracts

Termination of Employment Relationship. The Employment Agreement and the employment relationship between the parties is hereby terminated effective as of the close of business on January 27, 2012 (the “Termination Date”). The parties acknowledge that Executive’s termination from employment will result in a “separation from service” as defined in Section 409A of the Internal Revenue Code and further acknowledge that the circumstances of the termination of the employment relationship are contemplated by the terms of the Employment Agreement. Executive further agrees that he has resigned from all of his positions as an officer of the Bank and any and all affiliates of the Bank on or before the Termination Date.

Termination of Employment Relationship. The Employment Agreement and the employment relationship between the parties is hereby terminated effective as of the close of business on January 277, 2012 2011 (the “Termination Date”). The parties acknowledge that Executive’s termination from employment will result in a “separation from service” as defined in Section 409A of the Internal Revenue Code and further acknowledge that the circumstances of the termination of the employment relationship are not expressly contemplated by the terms of the Employment Agreement. Executive further agrees that he has resigned from all of his positions as an officer of the Bank and any and all affiliates Employer as of the Bank on or before the Termination Date.

Termination of Employment Relationship. The Employment Agreement and the employment relationship between the parties is hereby terminated effective as of the close of business on January 27December 30, 2012 2011 (the “Termination Date”). The parties acknowledge that Executive’s termination from employment will result in a “separation from service” as defined in Section 409A of the Internal Revenue Code and further acknowledge that the circumstances of the termination of the employment relationship are contemplated by the terms of the Employment Agreement. Executive further agrees that he has resigned from all of his positions as an officer and director of the Bank Employer and any and all affiliates of the Bank Employer on or before the Termination Date.

Termination of Employment Relationship. The Employment Agreement and the employment relationship between the parties is hereby terminated effective as of the close of business on January 27March 9, 2012 (the “Termination Date”). The parties acknowledge that Executive’s termination from employment will result in a “separation from service” as defined in Section 409A of the Internal Revenue Code and further acknowledge that the circumstances of the termination of the employment relationship are contemplated by the terms of the Employment Agreement. Executive further agrees that he has resigned from all of his positions as an officer of the Bank Employer and any and all affiliates of the Bank Employer on or before the Termination Date.