Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one (1) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.
Termination of Employment Term. The Employment Term shall terminate prior to its expiration upon the earliest to occur of the following:
Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive’s employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive’s estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one (1) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof. The Company shall purchase Term Life Insurance on the Executive at an amount closest to the Executive’s annual salary to be paid to the Executive’s estate, or legal representative upon the death of the Executive.
Termination of Employment Term. (a) In the event of the death of the Employee during the term of his employment (or any renewal term), the Employee's employment shall terminate and this Agreement shall terminate on the date of such death; provided, however, that the Employee, his estate or legal representative, as the -------- ------- ---- case may be, shall be entitled to receive, and the Company shall pay, any unpaid Salary and other benefits and reimbursable expenses accrued and owing to the Employee with respect to his employment prior to the termination. The sum of such amounts shall hereinafter be referred to as the "Accrued Obligations" which shall be paid to Employee's estate or beneficiary within thirty (30) days of the date of termination.
Termination of Employment Term. (a) In the event of the death, or the permanent mental or physical disability (as determined in good faith by the Company on the basis of the factors set forth in Section 5(b)(iii) hereto), of the Employee during the term of his employment, the Employee's employment under Sections 1 and 2 hereof shall terminate and this Agreement shall terminate on the date of such death or termination resulting from such disability; provided, however, that the Employee, his estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any unpaid Base Salary and Bonus and other benefits and reimbursable expenses accrued and owing to the Employee with respect to his employment prior to his death or termination resulting from disability.
Termination of Employment Term. Executive’s employment under the terms of this Agreement may terminate upon the occurrence of any of the following:
Termination of Employment Term. Notwithstanding SECTION 1.2 hereof, the Employment Term shall terminate upon the occurrence of any of the following events: (a) upon the mutual written agreement of the Company and Employee; (b) death of Employee; (c) Legal Disability of Employee, as defined in SECTION 2.5; (d) at any time by the Company for Cause, as defined in SECTION 2.2; (e) at any time by the Company, without Cause, upon provision of thirty (30) days written notice to Employee; or (f) at any time by Employee, without Cause, upon provision of sixty (60) days written notice to the Company. In the event of termination of this Agreement, the Company shall only be obligated to pay Employee such compensation as has been earned by him prior to the date of termination. Further, in such event, the provisions of ARTICLE IV shall remain in full force and effect in accordance with their terms.
Termination of Employment Term. (a) In the event of the death of the Employee during the Employment Term, the Employee's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Employee 's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a two (2) month period following the date of death, any Performance Bonus that would be payable for the two (2) month period in which the Employee died which are properly owing to the Employee pursuant to Section 6 hereof.
Termination of Employment Term. The Bank and the Executive agree that the Employment Term under the Agreement shall terminate on October 1, 2005. The Executive acknowledges that such termination is voluntary and shall not trigger any severance compensation described in Section 6(e) or otherwise. The Executive also acknowledges that upon such termination he is no longer entitled to receive any of the compensation described in Section 5(b) of the Agreement.
Termination of Employment Term. Notwithstanding Section 1.2 hereof, the Employment Term shall terminate (such date is referred to as the “Termination Date”) upon the occurrence of any of the following events: (a) immediately, upon the death of Executive; (b) immediately, upon the Permanent Disability of Executive, as defined in Section 3.2; (c) immediately, upon the election by the Company to terminate Executive for Cause (as defined and as set forth in Section 3.3); (d) immediately upon resignation by Executive for Good Reason (as defined and as set forth in Section 3.4); (e) thirty (30) days after the Company provides written notice to Executive, for any or no reason, other than for Cause; or (f) sixty (60) days after the Executive provides written notice to the Company, for any reason other than Good Reason, or no reason, provided that after Executive provides such notice, the Board or the Board’s designee shall have the right to make the termination effective immediately or for such shorter period as the Board or the Board’s designee determines in its sole discretion.
