Common use of Termination Without Cause or With Good Reason Clause in Contracts

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination for Cause shall have no effect on or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 4 contracts

Samples: Employment Agreement (Madison County Financial, Inc.), Employment Agreement (Madison County Financial, Inc.), Employment Agreement (Madison County Financial, Inc.)

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Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank Company shall have thirty (30) days to cure the “Good Reason” condition, but the Bank Company may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the BankCompany’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 3 contracts

Samples: Employment Agreement (Hamilton Bancorp, Inc.), Employment Agreement (Hamilton Bancorp, Inc.), Employment Agreement (Hamilton Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, Directors may immediately terminate his Executive’s employment and this Agreement at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the BoardBoard of Directors, terminate his employment and this Agreement at any time within ninety (90) 60 calendar days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) 30 calendar days to cure the “Good Reason” condition, but the Bank Board of Directors may waive its right to cure. Any termination of Executive’s employmentemployment and this Agreement Without Cause or With Good Reason, other than termination for Cause shall have no effect on or prejudice the vested earned and accrued rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 3 contracts

Samples: Employment Agreement (Catalyst Bancorp, Inc.), Employment Agreement (Catalyst Bancorp, Inc.), Employment Agreement (Catalyst Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 3 contracts

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

Termination Without Cause or With Good Reason. (i) The In addition to termination pursuant to Sections 6(a) through 6(e), the Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety sixty (9060) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause Cause, shall have no effect on or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 3 contracts

Samples: Employment Agreement (OBA Financial Services, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 2 contracts

Samples: Employment Agreement (Hamilton Bancorp, Inc.), Employment Agreement (Hamilton Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The In addition to termination pursuant to Sections 6(a) through 6(e), the Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety sixty (9060) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank Association shall have thirty (30) days to cure the “Good Reason” condition, but the Bank Association may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the BankAssociation’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 2 contracts

Samples: Employment Agreement (St. Joseph Bancorp, Inc.), Employment Agreement (St. Joseph Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The In addition to termination pursuant to Sections 6(a) through 6(e), the Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety sixty (9060) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank Company shall have thirty (30) days to cure the “Good Reason” condition, but the Bank Company may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause Cause, shall have no effect on or prejudice the vested rights of Executive under the Company’s or Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Employment Agreement (OBA Financial Services, Inc.)

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, Directors may immediately terminate his Executive’s employment and this Agreement at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the BoardBoard of Directors, terminate her employment and this Agreement at any time within ninety (90) 60 calendar days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) 30 calendar days to cure the “Good Reason” condition, but the Bank Board of Directors may waive its right to cure. Any termination of Executive’s employmentemployment and this Agreement Without Cause or With Good Reason, other than termination for Cause shall have no effect on or prejudice the vested earned and accrued rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Employment Agreement (Catalyst Bancorp, Inc.)

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Termination Without Cause or With Good Reason. (i) The Board Board(s) may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the BoardBoard(s), terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank Employers shall have thirty (30) days to cure the “Good Reason” condition, but the Bank Employers may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the Bank’s Employers’ qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Severance Agreement (Berkshire Hills Bancorp Inc)

Termination Without Cause or With Good Reason. (i) The In addition to termination pursuant to Sections 6(a) through 6(e), the Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination "Without Cause"), and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety sixty (9060) days following an event constituting "Good Reason," as defined below (a termination "With Good Reason"); provided, however, that the Bank shall have thirty (30) days to cure the "Good Reason" condition, but the Bank may waive its right to cure. Any termination of Executive’s 's employment, other than termination Termination for Cause Cause, shall have no effect on or prejudice the vested rights of Executive under the Bank’s 's qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Employment Agreement (OmniAmerican Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time (including following a Change in Control), for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time (including after a Change in Control) within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination for Cause employment shall have no effect on or prejudice to the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participantparticipant as of the date of termination, unless the terms of any particular plan or program expressly provide otherwise.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board Board(s) may, by providing a Notice of Termination (as defined in Section 6 hereof) written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the BoardBoard(s), terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank Employer shall have thirty (30) days to cure the “Good Reason” condition, but the Bank Employer may waive its right to cure. Any termination of Executive’s employment, other than termination Termination for Cause shall have no effect on or prejudice the vested rights of Executive under the BankEmployer’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Employment Agreement (Legacy Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The i)The Board may, by providing a Notice of Termination (as defined in Section 6 hereof) to Executive, Directors may immediately terminate his Executive’s employment and this Agreement at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the BoardBoard of Directors, terminate his employment and this Agreement at any time within ninety (90) 60 calendar days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have thirty (30) 30 calendar days to cure the “Good Reason” condition, but the Bank Board of Directors may waive its right to cure. Any termination of Executive’s employmentemployment and this Agreement Without Cause or With Good Reason, other than termination for Cause shall have no effect on or prejudice the vested earned and accrued rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

Appears in 1 contract

Samples: Employment Agreement (Catalyst Bancorp, Inc.)

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