Termination of Original Agreement. The Original Agreement shall remain in full force and effect until the Effective Date. Thereafter, on the Effective Date, Executive and the Bank hereby agree that the Original Agreement shall be terminated without any further action of any of the parties thereto. Executive hereby acknowledges and agrees that Executive has no contractual rights to any payments or benefits under the Original Agreement as of the Effective Date.
Appears in 6 contracts
Samples: Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (FFBW, Inc. /MD/)
