Common use of Voluntary Termination, Retirement, or Death Clause in Contracts

Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral and insurance programs of Main and of the Bank then in effect.

Appears in 7 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

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Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without "Good Reason Reason" (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral retirement and insurance programs of Main and of the Bank Medifast then in effect.

Appears in 4 contracts

Samples: Employment Agreement (Medifast Inc), Employment Agreement (Medifast Inc), Employment Agreement (Medifast Inc)

Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral retirement and insurance programs of Main and of the Bank then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without "Good Reason Reason" (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral retirement and insurance programs of Main and of the Bank HealthRite then in effect.

Appears in 1 contract

Samples: Employment Agreement (Healthrite Inc)

Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's ’s employment under this Agreement will be deemed terminated as of the date of the Executive's ’s voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral and insurance programs of Main the Corporation and of the Bank then in effect.

Appears in 1 contract

Samples: Employment Agreement (First Priority Financial Corp.)

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Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and termination. Thereafter, any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral retirement and insurance programs of Main and of the Bank Boardwalk then in effecteffect and in which he is a participant.

Appears in 1 contract

Samples: Employment Agreement (Boardwalk Bancorp Inc)

Voluntary Termination, Retirement, or Death. If the Executive ------------------------------------------ voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral and insurance programs of Main and of the Bank then in effect.

Appears in 1 contract

Samples: Employment Agreement (Main Street Bancorp Inc)

Voluntary Termination, Retirement, or Death. If the Executive voluntarily terminates employment without Good Reason (as defined in Section 5), retires or dies, the Executive's employment under this Agreement will be deemed terminated as of the date of the Executive's voluntary termination, retirement or death, and all rights of the Executive under Section 4 will cease as of the date of such termination and any benefits payable to the Executive will be determined in accordance with the pension, welfare, fringe benefit, expense reimbursement, salary deferral retirement and insurance programs of Main and of the Bank then in effect.

Appears in 1 contract

Samples: Employment Agreement (Main Street Bancorp Inc)

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