Termination of Previous Employment Agreement. The Employee specifically agrees that the Employment Agreement dated November 22, 1996, as the same may have been amended, by and between the Employee and the Savings Bank hereby is terminated and shall be of no further force or effect, and the Employee hereby waives any and all of his rights, and releases the Bank and the Savings Bank from any and all obligations, under such agreement.
Appears in 2 contracts
Sources: Merger Agreement (FNB Corp/Nc), Employment Agreement (FNB Corp/Nc)
Termination of Previous Employment Agreement. The Employee and the Bank specifically agrees agree that the this Agreement supersedes that certain Employment Agreement dated November 2214, 19961995, as the same may have been amended, by and between the Employee and the Savings Bank hereby is terminated and shall be of no further force or effect, and the Employee hereby waives any and all of his rights, and releases the Bank and the Savings Bank from any and all obligations, under such agreementagreement and agrees that such agreement hereby is terminated and shall be of no further force or effect.
Appears in 1 contract
Sources: Merger Agreement (FNB Corp/Nc)
Termination of Previous Employment Agreement. The Employee -------------------------------------------- specifically agrees that the Employment Agreement dated November 22, 1996, as the same may have been amended, by and between the Employee and the Savings Bank hereby is terminated and shall be of no further force or effect, and the Employee hereby waives any and all of his rights, and releases the Bank and the Savings Bank from any and all obligations, under such agreement.
Appears in 1 contract