Common use of Termination Resulting from Breach Clause in Contracts

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)

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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: 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 the Executive is terminated under Paragraphs 4.1.15.1.1, 4.1.2 5.1.2 or 4.1.35.1.3, the Bank shall provide the Executive only a payout the following: 6.1.1 the salary due him at the end of all the month in which such termination occurs; plus 6.1.2 any pay in lieu of vacation accrued or carried forward to, but unused vacation not taken 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.; and

Appears in 2 contracts

Samples: Employment Agreement (Fp Bancorp Inc), Employment Agreement (Fp Bancorp Inc)

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

Samples: Employment Agreement (1st Pacific Bancorp)

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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

Samples: Employment Agreement (1st Pacific Bancorp)

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