Common use of Voluntary Termination by Employee Clause in Contracts

Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the Board, 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 (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)

AutoNDA by SimpleDocs

Voluntary Termination by Employee. The Subject to Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the BoardBoard 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. The Subject to Sections 9(d)(2) and 10 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 sixty (60) days’ prior written notice to the BoardBoard of Directors, in which case the Employee shall receive only his her compensation, vested rights (including continuing group health benefits as provided in Section 4(a) hereof) and employee benefits accrued up to the date of his her termination, payable as set forth in the documents governing such payments.

Appears in 3 contracts

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

Voluntary Termination by Employee. The Subject to Section 12(b), the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the BoardBank, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his terminationtermination of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Iberiabank Corp), Employment Agreement (Iberiabank Corp)

Voluntary Termination by Employee. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the Board, 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. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board, 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. The Subject to Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the BoardBoard 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. The This Agreement may be terminated by Employee may voluntarily terminate employment with upon the giving of thirty (30) days’ advance written notice by Employee to the Bank during (“Employee Notice of Termination”). If Employee gives such Employee Notice of Termination, the term of this Agreement, upon at least 60 days’ prior Bank by written notice to Employee may (but need not) elect a date of termination of Employee’s employment which is prior to the Board, end of the notice period specified in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date Notice of his terminationTermination.

Appears in 2 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (Hopfed Bancorp Inc)

Voluntary Termination by Employee. The Subject to Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the BoardBoard 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: Employment Agreement (Tri County Financial Corp /Md/)

Voluntary Termination by Employee. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the BoardBoard or to the President and Chief Executive Officer, 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 (Hopfed Bancorp Inc)

Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the Board, 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 (Hopfed Bancorp Inc)

Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Company and the Bank during the term of this Agreement, Agreement upon at least 60 30 days' prior written notice to the BoardBoard of Directors of each of the Company and the Bank, 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 voluntary termination occurs pursuant to Section 9(d)(2) or 11(b) hereof, in which event the benefits and compensation provided for in Section 9(d) or 11, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Pinnacle Bancshares Inc)

Voluntary Termination by Employee. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the BoardBoard 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. The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the BoardBoard 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 (Flagstar Bancorp Inc)

AutoNDA by SimpleDocs

Voluntary Termination by Employee. The Subject to Sections 9(d)(2) and 10 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 sixty (60) days' prior written notice to the BoardBoard of Directors, in which case the Employee shall receive only his her compensation, vested rights (including continuing group health benefits as provided in Section 4(a) hereof) and employee benefits accrued up to the date of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Ajs Bancorp Inc)

Voluntary Termination by Employee. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days’ prior written notice to the BoardBoard 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. The Subject to Sections 11 and 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 ninety (90) days' prior written notice to the BoardBoard 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 (Community National Corp /Tn)

Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Bank Company during the term of this Agreement, upon at least 60 days' prior written notice to the Board, 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)

Voluntary Termination by Employee. The Subject to the provisions of Section 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the BoardBoard 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. The Subject to Section 11 hereof, the --------------------------------- Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 days' prior written notice to the BoardBoard 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: Employment Agreement (Tri County Financial Corp /Md/)

Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 60 90 days' prior written notice to the Board, 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(c) hereof, in which event the benefits and compensation provided for in Section 10(b) shall apply).

Appears in 1 contract

Samples: Agreement (1st State Bancorp Inc)

Voluntary Termination by Employee. The Subject to Section 13 hereof, the --------------------------------- Employee may voluntarily terminate employment with the Bank and the Company during the term of this Agreement, upon at least 60 days' prior written notice to the Boardeach of their Board of Directors, in which case the Employee shall receive only his compensation, compensation vested rights and in the employee benefits accrued up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Hudson Chartered Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.