Termination Resulting from Breach. In the event the employment of Executive is terminated under Paragraphs 4.1.1, 4.1.2 or 4.1.3, the Bank shall provide Executive only a payout of all accrued but unused vacation as of the date of termination, the base salary and Benefits, if any, then-provided, on the terms then-provided, due him through the date of termination and shall not be obligated to provide any other compensation or Benefits.
Appears in 3 contracts
Samples: Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp)
Termination Resulting from Breach. In the event the employment of Executive is terminated under Paragraphs 4.1.1, 4.1.2 or 4.1.3, the Bank Employer shall provide Executive only the base salary, Benefits, and a payout of all accrued but unused vacation as of the date of termination, the base salary and Benefitsdays under Paragraph 3.9, if any, then-provided, on the terms then-provided, due him through the date of termination and shall not be obligated to provide any other compensation or Benefits.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (1st Pacific Bancorp), Restricted Stock Award Agreement (1st Pacific Bancorp), Non Qualified Stock Option Agreement (1st Pacific Bancorp)
Termination Resulting from Breach. In the event the employment of Executive is terminated under Paragraphs 4.1.1, 4.1.2 or 4.1.3, the Bank shall provide Executive only a payout of all accrued but unused vacation as of the date of termination, the base salary and Benefits, if any, then-provided, on the terms then-provided, due him through the date of termination and shall not be obligated to provide any other compensation or Benefits.
Appears in 1 contract
Termination Resulting from Breach. In the event the employment of Executive is terminated under Paragraphs 4.1.1, 4.1.2 or 4.1.3, the Bank Employer shall provide Executive only the base salary, Benefits, and a payout of all accrued but unused vacation as of the date of termination, the base salary and Benefitsdays under Paragraph 3.8, if any, then-provided, on the terms then-provided, due him through the date of termination and shall not be obligated to provide any other compensation or Benefits.
Appears in 1 contract