Termination Without Severance Benefits. In the event that Mx. Xxxxxx’x employment with the Company shall terminate during the Employment Period on account of:
(a) Termination for Cause (within the meaning of section 12(a) of this Agreement);
(b) voluntary resignation by Mx. Xxxxxx other than a Resignation for Good Reason (within the meaning of section 12(b) of this Agreement); or
(c) Mx. Xxxxxx’x death; then the Company shall have no further obligations under this Agreement, other than the payment to Mx. Xxxxxx (or, in the event of his death, to his estate) of his earned but unpaid salary as of the date of the termination of his employment, and the provision of such other benefits, if any, to which he is entitled as a former employee under the Company’s employee benefit plans and programs and compensation plans and programs and payment for all unused vacation days and floating holidays in the year in which his employment is terminated, at his highest annual salary for such year.
Termination Without Severance Benefits. If this Agreement and Executive’s employment hereunder is terminated (i) by Executive for any reason other than Good Reason, including but not limited to termination pursuant to Subsection 6(d) above, or (ii) pursuant to Subsection 6(a) (voluntary resignation), or Subsection 6(c) (by the Company for “Cause”), no other payment or severance benefit will be payable to Executive by the Company.
Termination Without Severance Benefits. In the event that the Officer’s employment with the Bank shall terminate during the Assurance Period on account of:
(a) the discharge of the Officer for “cause,” which, for purposes of this Agreement shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease and desist order, or any material breach of this Agreement, in each case as measured against standards generally prevailing at the relevant time in the savings and community banking industry; provided, however, that the Officer shall not be deemed to have been discharged for cause unless and until he shall have received a written notice of termination from the Board, accompanied by a resolution duly adopted by affirmative vote of a majority of the entire Board at a meeting called and held for such purpose (after reasonable notice to the Officer and a reasonable opportunity for the Officer to make oral and written presentations to the members of the Board, on his own behalf, or through a representative, who may be his legal counsel, to refute the grounds for the proposed determination) finding that in the good faith opinion of the Board grounds exist for discharging the Officer for cause; or
(b) the Officer’s voluntary resignation from employment with the Bank for reasons other than those specified in section 8(a)(I); or
(c) the Officer’s death; or
(d) a determination that the Officer is eligible for long-term disability benefits under the Bank’s long-term disability insurance program or, if there is no such program, under the federal Social Security Act; then the Bank shall have no further obligations under this Agreement, other than the payment to the Officer (or, in the event of his death, to his estate) of his earned but unpaid salary as of the date of the termination of his employment, and the provision of such other benefits, if any, to which the Officer is entitled as a former employee under the employee benefit plans and programs and compensation plans and programs maintained by, or covering employees of, the Bank.
Termination Without Severance Benefits. In the event the Employee's employment with the Company is terminated prior to the expiration of the Employment Term by reason of (i) the Employee's resignation other than for Good Reason, or (ii) the Employee's discharge by the Company for Cause or gross negligence, as determined by a majority of the Board, this Agreement shall terminate including, without limitation, the Company's obligations to provide any compensation, benefits or severance to the Employee under Article 2 of this Agreement or otherwise, other than the Standard Termination Entitlements as defined in Section 4.1.
Termination Without Severance Benefits. In the event the Executive's employment with the Company is terminated prior to the expiration of the Employment Term by reason of (i) the Executive's resignation without Good Reason, (ii) the Executive's death or (iii) the Executive's discharge by the Company for Cause prior to the occurrence of a Change in Control, this Agreement shall terminate including, without limitation, the Company's obligations to provide any compensation, benefits or severance to the Executive under Article 3 of this Agreement or otherwise, other than the Standard Termination Entitlements (as defined in section 4.3.1).
Termination Without Severance Benefits. In the event your employment with the Company is terminated by reason of (i) your resignation without “Good Reason” (as defined below), (ii) your death, (iii) your “Disability” (as defined below), or (iv) your discharge by the Company for “Cause” (as defined below), this Letter Agreement shall terminate including, without limitation, the Company’s obligations to provide any compensation, benefits or severance to you under this Letter Agreement, other than any amounts earned and payable to you but not yet paid.
Termination Without Severance Benefits. If Xx. Xxxxxx'x employment is terminated for the reasons described in 8(b)(i) through 8(b)(iv), then the Bank shall have no further obligations under this Agreement, other than to pay accrued but unpaid salary.
Termination Without Severance Benefits. In the event that Xx. Xxxx'x employment with the Bank shall terminate during the Employment Period on account of (a) Termination for Cause (within the meaning of section 12(a) of this Agreement); or (b)
Termination Without Severance Benefits. In the event that the Officer's employment with the Bank shall terminate during the Employment Period on account of (a) Termination for Cause (within the meaning of section 12(a) of this Agreement); or (b) voluntary resignation by the Officer other than a Resignation for Good Reason (within the meaning of section 12(b) of this Agreement) then the Bank shall have no further obligations under this Agreement, other than for the payment of the amounts and provision of the benefits under sections 9(b)(i), (ii) and (iii) of this Agreement.
Termination Without Severance Benefits. If at any time (i) you voluntarily resign or retire from your employment with the Company, (ii) your employment terminates as a result of your death or disability, or (iii) your employment is terminated by the Company For Cause, you shall receive no compensation or benefits from the Company under this Agreement. You agree that if you resign or retire from your employment with the Company for any reason, you shall provide the Company with not less than one month's written notice of your termination (or such longer time period as may be specified in any employment agreement or any other agreement between you and the Company). The Company may, in its sole discretion, elect to waive all or any part of such notice period and accept your resignation or retirement at an earlier date.
