Common use of Voluntary or Involuntary Termination of Service Other Than for Cause Clause in Contracts

Voluntary or Involuntary Termination of Service Other Than for Cause. In the event the Executive’s service with the Bank is voluntarily or involuntarily terminated prior to Benefit Age, for any reason other than for Cause, but excluding any termination related to disability which shall be covered in Section VI, the Executive (or his Beneficiary) shall be entitled to receive benefits in accordance with this Subsection 5.1. Payment of benefits pursuant to this Subsection 5.1 shall be made in accordance with Subsection 5.1(a) or 5.1(b) below, as applicable.

Appears in 3 contracts

Samples: Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)

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Voluntary or Involuntary Termination of Service Other Than for Cause. In the event the Executive’s 's service with the Bank is voluntarily or involuntarily terminated prior to Benefit Normal Retirement Age, for any reason other than for Causeincluding a Change in Control, but excluding (i) any disability related termination related to disability for which shall be covered in Section VI, the Executive (or his Beneficiary) shall be entitled to receive benefits in accordance with this Subsection 5.1Board of Directors has approved early 1. Payment Payments of benefits pursuant to this Subsection 5.1 shall be made in accordance with Subsection 5.1(a5.1 (a) or 5.1(b5.1 (b) below, as applicable.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Greater Community Bancorp)

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Voluntary or Involuntary Termination of Service Other Than for Cause. In the event the Executive’s service with the Bank is voluntarily or involuntarily terminated prior to Benefit Age, for any reason other than for Cause, but excluding any termination related to disability which shall be covered in Section VI, the Executive (or his Beneficiary) shall be entitled to receive benefits in accordance with this Subsection 5.1. Payment of benefits pursuant to this Subsection 5.1 shall be made in accordance with Subsection 5.1(a) or 5.1(b) below, as applicable. (a) Normal form of payment.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)

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