Common use of Termination of Executive Clause in Contracts

Termination of Executive. s Employment by the Company or by the Bank or by the Executive shall be communicated by written Notice of Termination to the other parties hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision(s) in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated.

Appears in 4 contracts

Samples: Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc)

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