Common use of Voluntary Termination by Officer Clause in Contracts

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty days’ prior written notice to the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 9 contracts

Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)

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Voluntary Termination by Officer. In addition to the Officer’s his other -------------------------------- rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty days' prior written notice to the Bank, in which case the Officer shall receive only his compensation, vested rights and employee benefits up to the date of his termination.

Appears in 3 contracts

Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s 's other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty days' prior written notice to the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty 60 days’ prior written notice to the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s his other -------------------------------- rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty days' prior written notice to the Bankeach of them, in which case the Officer shall receive only his compensation, vested rights and employee benefits up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s his other rights -------------------------------- to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty sixty-days' prior written notice to the Bankeach of their Boards, in which case the Officer shall receive only his compensation, vested rights and employee benefits up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s his other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp the Company during the term of this Agreement upon at least sixty sixty-days' prior written notice to the BankPresident and Chief Executive Officer, in which case the Officer shall receive only his compensation, vested rights and employee benefits up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Indian River Banking Company)

Voluntary Termination by Officer. In addition to the Officer’s 's other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with Bancorp and the Bank and Bancorp during the term of this Agreement upon at least sixty (60) days' prior written notice to Bancorp or the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s 's other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp Company during the term of this Agreement upon at least sixty (60) days' prior written notice to Bancorp or the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination. For the avoidance of doubt, this Section 10.f will also apply in the event the Officer provides notice to the Board of his desire that the term of the Agreement not be extended as provided in Section 3.b.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s her other rights to -------------------------------- terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty days' prior written notice to the Bank, in which case the Officer shall receive only her compensation, vested rights and employee benefits up to the date of her termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

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Voluntary Termination by Officer. In addition to the Officer’s his other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp the Company during the term of this Agreement upon at least sixty sixty-days' prior written notice to the Bankeach of their Boards, in which case the Officer shall receive only his compensation, vested rights and employee benefits up to the date of his termination.

Appears in 1 contract

Samples: Employment Agreement (Indian River Banking Company)

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term Term of this Agreement upon at least sixty thirty days' prior written notice to the Bancorp and Bank, in which case the Officer shall be entitled to receive only compensation, vested rights and employee benefits up the compensa-tion due to the Officer through the date of termination, as well as any vested benefits due to the Officer pursuant to the terms of the plans, policies or practices of Bank.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and Bancorp during the term of this Agreement upon at least sixty (60) days’ prior written notice to the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily voluntari­ly terminate employment employ­ment with the Bank and Bancorp during the term of this Agreement upon at least sixty (60) days’ prior written notice to the Bank, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

Voluntary Termination by Officer. In addition to the Officer’s other rights to terminate under this Agreement, the Officer may voluntarily terminate employment with the Bank and the Bancorp during the term of this Agreement upon at least sixty (60) days’ prior written notice to the BankBank or the Bancorp, in which case the Officer shall receive only compensation, vested rights and employee benefits up to the date of termination. If the Officer voluntarily terminates his employment with either the Bank or the Bancorp, his employment with the other shall also be deemed to have been voluntarily terminated at the same time as well.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

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