Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s retirement or the Executive’s death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 3 contracts
Samples: Change in Control Agreement (First Priority Financial Corp.), Change in Control Agreement (First Priority Financial Corp.), Change in Control Agreement (First Priority Financial Corp.)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s 's employment (other than in accordance with Section 2), the Executive’s his/her retirement or the Executive’s his/her death. In any such event, the Executive’s 's rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him/her in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 2 contracts
Samples: Change in Control Agreement (Sterling Financial Corp /Pa/), Change in Control Agreement (Sterling Financial Corp /Pa/)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s his retirement at any age or the Executive’s his death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 2 contracts
Samples: Employment Agreement (Lmi Holdings Inc), Executive Employment Agreement (Lmi Holdings Inc)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s 's employment (other than in accordance with Section 2), the Executive’s his retirement or the Executive’s his death. In any such event, the Executive’s 's rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 2 contracts
Samples: Change in Control Agreement (Main Street Bancorp Inc), Change in Control Agreement (Main Street Bancorp Inc)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s his/her retirement or the Executive’s his/her death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him/her in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 1 contract
Samples: Change in Control Agreement (Sterling Financial Corp /Pa/)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s her retirement or the Executive’s her death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive her in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 1 contract
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s his/her retirement on or the Executive’s after age 65 or his/her death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him/her in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 1 contract
Samples: Change in Control Agreement (Sovereign Bancorp Inc)
Voluntary Termination, Retirement, or Death. Notwithstanding the provisions of Section l(a1(a), this Agreement will terminate automatically upon the voluntary termination of the Executive’s employment (other than in accordance with Section 2), the Executive’s his retirement or the Executive’s his death. In any such event, the Executive’s rights under this Agreement will cease as of the effective date of such termination; provided, however, that if the Executive dies after a Notice of Termination (as defined in Section 2(b)) is delivered by the Executive him in accordance with such section, the payments described in Section 3 will nonetheless be made to the person or persons determined pursuant to Section 9(b).
Appears in 1 contract