Common use of Voluntary Termination by Employee Clause in Contracts

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 10 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

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Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the The Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of DirectorsBoard, in which case the Employee shall receive receive, only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 8 contracts

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

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 6 contracts

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

Voluntary Termination by Employee. Subject to the provisions of Section 11 12 hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his terminationtermination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 6 contracts

Samples: Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (High Country Bancorp Inc), Employment Agreement (United Tennessee Bankshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Holding Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 5 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 4 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Association Holding Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 4 contracts

Samples: Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 4 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the The Employee may voluntarily terminate his employment with the Association during the term of this Agreement, hereunder upon giving at least 60 ten (10) business days' prior written notice. If the Employee gives notice pursuant to Section 7(a) above, the Board of DirectorsEmployer shall have the right to relieve the Employee, in which case the Employee shall receive only his compensationwhole or in part, vested rights and employee benefits accrued up to the date of his terminationduties under this Agreement (without reduction in compensation through the termination date).

Appears in 3 contracts

Samples: Employment Agreement (MobileBits Holdings Corp), Employment Agreement (MobileBits Holdings Corp), Employment Agreement (MobileBits Holdings Corp)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 3 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of DirectorsBoard, in which case the Employee shall receive receive, only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 2 contracts

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

Voluntary Termination by Employee. Subject to the provisions of Section 11 12 hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his terminationher termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 2 contracts

Samples: Employment Agreement (United Tennessee Bankshares Inc), Employment Agreement (United Tennessee Bankshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 12 hereof, the Employee may voluntarily terminate employment with the Association Holding Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.the

Appears in 2 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 2 contracts

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

Voluntary Termination by Employee. Subject to the provisions of --------------------------------- Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 sixty (60) days' prior written notice to the Board of DirectorsBoard, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 2 contracts

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

Voluntary Termination by Employee. Subject to the provisions of Section 11 --------------------------------- hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' days prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Bancorp Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.3

Appears in 1 contract

Samples: Employment Agreement (Flagstar Bancorp Inc)

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Voluntary Termination by Employee. Subject to the provisions of Section 11 10 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Southern Banc Co Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the The Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his terminationtermination (unless such termination occurs pursuant to Section 8(d)(2) hereof in which event the benefits and compensation provided for in Sections 8(d)(1) shall apply).

Appears in 1 contract

Samples: Employment Agreement (Greene County Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 12 hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his termination.her termination (unless such termination occurs pursuant to Section

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee employee shall receive only his his/her compensation, vested rights and employee benefits accrued up to the date of his his/her termination.

Appears in 1 contract

Samples: Restated Employment Agreement (Tri County Financial Corp /Md/)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 --------------------------------- hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' days prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 --------------------------------- hereof, the Employee may voluntarily terminate employment with the Association during the term of this Agreement, upon at least 60 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his terminationtermination (unless such termination occurs pursuant to Section 9(d)(2) hereof or within the Protected Period, in which event the benefits and compensation provided for in Sections 9(d) or 11, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Southern Banc Co Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Association Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits accrued up to the date of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Voluntary Termination by Employee. Subject to the provisions of Section 11 hereof, the The Employee may voluntarily terminate employment with the Association Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board of DirectorsBoard, in which case the Employee shall receive receive, only his compensation, vested rights and employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Hopfed Bancorp Inc)

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