Without Cause By Employer. Employer may terminate this Agreement "without cause" upon thirty (30) days prior written notice to Employee. In the event of such termination, all compensation (including without limitation the Base Salary and any perquisites and fringe benefits, if any) to which Employee would otherwise be entitled (for periods after the effective date of the termination) shall be discontinued and forfeited as of the effective date of such termination. Notwithstanding the foregoing, in the event of such termination by Employer without cause, the following shall occur:
Appears in 3 contracts
Samples: Employment and Option Agreement (Community Capital Corp /Sc/), Employment and Option Agreement (Community Capital Corp /Sc/), Employment and Option Agreement (Community Capital Corp /Sc/)
Without Cause By Employer. Employer may terminate this Agreement "without cause" upon thirty (30) days prior written notice to Employee. In the event of such termination, all compensation (including without limitation the Base Salary and any perquisites and fringe benefits, if any) to which Employee would otherwise be entitled (for periods after the effective date of the termination) shall be discontinued and forfeited as of the effective date of such termination. Notwithstanding the foregoing, in In the event of such termination by Employer without causecause pursuant to this Section 8(b), the following provisions of Section 6 shall occur:be abrogated and shall not survive such termination.
Appears in 1 contract
Samples: Branch Development Agreement (Community Capital Corp /Sc/)
Without Cause By Employer. Employer may terminate this Agreement "------------------------- without cause" cause upon thirty (30) days prior written notice to Employee. In the event of such termination, all compensation (including without limitation the Base Salary base salary and any perquisites and fringe benefits, if any) to which Employee would otherwise be entitled (for periods after the effective date of the termination) shall be discontinued and forfeited as of the effective date of such termination. Notwithstanding the foregoing, in the event of such termination by Employer without cause, the following shall occur:
Appears in 1 contract