Termination Other Than for Good Cause Sample Clauses

Termination Other Than for Good Cause. If the Participant’s employment with the Bank is terminated during the term of this Option (i) by the Bank other than for “Good Cause” and (ii) other than as a result of Participant’s death or disability or Participant’s resignation, all Nonvested Shares shall be deemed to have become fully exercisable and vested to the full extent of the unexercised portion of the original grant immediately prior to the termination of Participant’s employment; and any and all such Options shall be exercisable for the period of time not to extend beyond the remainder of the term of the Options or three months from the date of termination, whichever is earlier. Any Option or portion thereof not exercised prior to such date shall expire at such time unless the Participant dies during such period, in which case the provisions of Paragraph 7(b) below shall govern.
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Termination Other Than for Good Cause. If the Optionee ceases to maintain a Business Relationship, other than by reason of death or disability as defined in Section 5 or termination by the Company for Good Cause (as defined in Section 4(c)), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised) after the passage of three months from the termination of the Optionee’s Business Relationship, but in no event later than the Final Exercise Date. For purposes hereof, a Business Relationship shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company; in the event of such leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise determined by the Company. This option shall not be affected by any change in the type of Business Relationship the Optionee has within or among the Company and its Subsidiaries or Affiliates so long as the Optionee continuously maintains a Business Relationship.
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Termination Other Than for Good Cause. If the Employer terminates this Agreement without Good Cause pursuant to Article VIII Section 1(ii) hereof, the Employer shall pay to Employee cash in one lump sum within thirty (30) days after the date of termination (provided, however that the bonus payable pursuant to Article V Section 4 of this Agreement shall be payable within thirty (30) days after the end of the quarter in which the Employee's employment ends and shall be based on the ROAA for the prior twelve months) the aggregate of the following amounts:
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Termination Other Than for Good Cause. The corporation may, at any time during the Term of Employment, by written notice, terminate this agreement. If, during the Term of Employment, the Corporation terminates the Employee's employment other than for good cause, as defined in Section 7(b), the Employee shall be entitled to collect his salary as set forth in Section 4(a) for the months remaining in the Initial or any Extended Term following such termination.
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Termination Other Than for Good Cause. If the Participant’s employment with the Bank is terminated during the term of this Option (i) by the Bank other than for “Good Cause” and (ii) other than as a result of Participant’s death or disability or Participant’s resignation, all Nonvested Shares shall be deemed to have become fully exercisable and vested to the full extent of the unexercised portion of the original grant immediately prior to the termination of Participant’s employment; and any and all such Options shall continue to be exercisable for the period of time otherwise set forth in this Agreement.
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Termination Other Than for Good Cause. In the event the Company terminates the employment of Executive other than pursuant Sections 9.2, or 9.3, the Company shall provide the Employee with at least two (2) weeks' prior written notice of termination, which notice shall state a Termination Date. Following such termination, the Company shall continue to pay Executive his Basic Salary and provide health insurance benefits as provided in this Agreement for a period of eighteen (18) months from the Termination Date, and shall promptly reimburse any previously unreimbursed business expenses. Executive's right to receive Incentive Bonus for each completed Employment Year shall remain in effect, and Executive's right to receive Incentive Bonus on account of the year of his termination shall be prorated to the date of such termination. In addition, the Option granted to Executive pursuant to Section 8 hereof shall be deemed to have become fully vested in him pursuant to and subject to the provisions of said Section.
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Termination Other Than for Good Cause. If the Bank terminates this Agreement without Good Cause pursuant to Section 7.1(b) hereof, the Bank shall pay to Employee cash in one lump sum within thirty (30) days after the date of termination the aggregate of the following amounts:
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Related to Termination Other Than for Good Cause

  • Termination Other Than for Cause If the Employee ceases to be employed by the Company and all Related Corporations, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall terminate on the earlier of (i) thirty (30) days after the date of termination of the Employee's employment, or (ii) the scheduled expiration date of this option. In such a case, the Employee's only rights hereunder shall be those which are properly exercised before the termination of this option.

  • Resignation other than for Good Reason The Executive may voluntarily terminate the Agreement Term and his employment hereunder at any time for any reason, including for any reason that does not constitute Good Reason by giving the Company 30-days advance written notice of such termination.

  • Involuntary Termination Other Than for Cause If Executive's employment is terminated as a result of an Involuntary Termination other than for Cause, then the following severance benefits shall be paid or otherwise provided to Executive: (A) the Company shall pay to Executive in the form of a lump sum payment, in cash, a severance payment equal to the lesser of (I) three (3) times Executive's Base Salary or (II) Executive's Base Salary multiplied by the sum of (x) the number of years (or any portion thereof, calculated on a daily basis) remaining under this Agreement had Executive's employment not been terminated, plus (y) an additional one-half year, however, in no event shall such payment equal less than 100% of Executive's Base Salary, which shall be paid to Executive within ten (10) days after the date of termination; (B) until the earlier of (I) the date this Agreement would otherwise have terminated had Executive's employment not been terminated (the 'Remaining Term') or (II) the expiration of the three (3) year period measured from the date of Executive's termination of employment. The Company shall at its sole cost and expense provide Executive (and Executive's eligible dependents, if any) with life, disability, and medical insurance benefits substantially similar to those benefits that Executive (and Executive's dependents) were receiving immediately prior to Executive's termination of employment; provided, however, that the benefits otherwise receivable by Executive pursuant to this Section 9(a)(ii)(B) shall be reduced to the extent comparable benefits are concurrently received by Executive (or Executive's dependents) pursuant to a similar plan or program of another employer, and any such other benefits actually received by Executive (or Executive's dependents) must be reported to the Company; and provided further, however, that the insurance coverage provided by the Company pursuant to this Section 9(a)(ii)(B) shall be in lieu of any other continued coverage to which Executive or Executive's dependents would otherwise, at Executive's own expense, be entitled in accordance with the requirements of Internal Revenue Code of 1986, as amended ('Code'), Section 4980B ('COBRA'), by reason of Executive's termination of employment; (C) all stock options, warrants, rights and other Company stock-related awards granted to Executive by the Company that would otherwise have vested or become exercisable at any time in the future shall become fully vested and nonforfeitable upon the date of Executive's termination of employment, the Company's repurchase rights, if any, with respect to those vested shares shall immediately lapse, and each such stock option, to the extent vested, shall remain exercisable for the vested option shares until the expiration or sooner termination of the option term in accordance with the provisions of the agreement evidencing such option; and (D) the Company shall pay or reimburse Executive for any and all expenses incurred by Executive for outplacement services selected by the Executive and approved by the Company, which approval will not be unreasonably withheld, until the earlier of (I) the first anniversary of the date of termination of employment or (II) the date on which Executive commences employment with another employer.

  • Termination by Employee other than for Good Reason The Employment under this Agreement may be terminated by Employee other than for Good Reason by written notice to the Board at least sixty (60) days prior to such termination. During the notice period, Employee shall diligently perform any assigned duties. The Company may make such resignation effective at any point during the notice period.

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Cause; Other than for Good Reason If the Executive's employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive (x) his Annual Base Salary through the Date of Termination, (y) the amount of any compensation previously deferred by the Executive, and (z) Other Benefits, in each case to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination.

  • Termination for Other than Cause Except as otherwise provided herein, if, prior to the later of May 30, 2012 and a Public Offering, the Participant’s employment is terminated for a reason other than by the Company for Cause (each, a “Section 6(b) Call Event”), with respect to Stock held by the Participant, the Company may purchase all or any portion of the shares of Stock then held by the applicable Participant Entities at a per share price equal to the Fair Value per share on the date the Call Notice is given, (the “Section 6(b) Repurchase Price”).

  • Good Reason; Other Than for Cause If, during the Term, the Company shall terminate Executive’s employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason:

  • Other than for Good Reason If the Executive's employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive (x) his Annual Base Salary through the Date of Termination, (y) the amount of any compensation previously deferred by the Executive, and (z) Other Benefits, in each case to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination.

  • Other than for Cause The Company may terminate the Executive's employment hereunder other than for Cause at any time upon written notice to the Executive.

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