Common use of Voluntary Termination by the Executive Clause in Contracts

Voluntary Termination by the Executive. It is acknowledged and agreed by the Executive that the purpose of this Agreement is to assure the Executive's continued employment with the Employer and that if the Executive voluntarily terminates his employment with the Employer (other than by reason of death, Disability or Retirement), then the Executive shall have willingly forfeited any and all rights and benefits he may have under the terms of this Agreement and that, furthermore, no amounts shall be due or paid to the Executive by the Employer pursuant to the terms of this Agreement.

Appears in 10 contracts

Samples: Continuation Agreement (Tehama Bancorp), Continuation Agreement (Regency Bancorp), Continuation Agreement (Regency Bancorp)

AutoNDA by SimpleDocs

Voluntary Termination by the Executive. It is acknowledged and agreed understood by the Executive that the purpose of this Agreement is to assure the Executive's continued employment with the Employer and that if Corporation. If the Executive voluntarily terminates his or her employment with the Employer (other than by reason of death, Disability or Retirement)Corporation, then the Executive shall have willingly forfeited any and all rights and be entitled to no benefits he may have under the terms of this Agreement and that, furthermore, no amounts amount shall be due or paid to the Executive by the Employer pursuant to the terms of under this Agreement.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Boston Private Financial Holdings Inc), Executive Salary Continuation Agreement (Boston Private Financial Holdings Inc)

Voluntary Termination by the Executive. It is acknowledged and agreed by the Executive that the purpose of this Agreement is to assure ensure the Executive's continued employment with the Employer and that if the Executive voluntarily terminates his employment with the Employer (other than by reason of death, Disability or Retirement), then the Executive shall have willingly forfeited any and all rights and benefits he may have under the terms of this Agreement and that, furthermore, no amounts shall be due or paid to the Executive by the Employer pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Mid Peninsula Bancorp), Continuation Agreement (Mid Peninsula Bancorp)

AutoNDA by SimpleDocs

Voluntary Termination by the Executive. It is acknowledged and agreed by the Executive that the purpose of this Agreement is to assure ensure the Executive's continued employment with the Employer and that if the Executive voluntarily terminates his her employment with the Employer (other than by reason of death, Disability or Retirement), then the Executive shall have willingly forfeited any and all rights and benefits he she may have under the terms of this Agreement and that, furthermore, no amounts shall be due or paid to the Executive by the Employer pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Mid Peninsula Bancorp), Continuation Agreement (Mid Peninsula Bancorp)

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