XXXXX Separation Sample Clauses

XXXXX Separation. Upon the earlier of (i) a Covered Termination; or (ii) a Qualified Separation of Xx. Xxxx from Bancshares and the Bank (collectively, "Xx. Xxxx'x Separation"), the determination of the value of the Common Stock and the Interests will be made in accordance with Section 3 of this Agreement. For purposes of this Agreement, a "Covered Termination" shall have the meaning as defined in the then existing Change in Control Agreement among Xx. Xxxx, Bancshares and the Bank; and a "Qualified Separation" shall mean where Xx. Xxxx voluntarily resigns as an officer of Bancshares and the Bank and, in the sole discretion of Bancshares, determines that Xx. Xxxx continues to add value to Bancshares and the Bank. Factors to be considered in this determination include, but are not limited to: (1) Xx. Xxxx'x promotion and support of the interests of the Bank in the marketplace and community; (2) Xx. Xxxx'x promotion and support of the interests of the Bank with clients, venture capitalists and prospective Bank clients; (3) Xx. Xxxx'x promotion and support of the interests of the Bank through civic activities; (4) Xx. Xxxx'x continued service to the Bank (i.e., as a consultant); (5) Xx. Xxxx'x continued addition of value to a Bank-related project; or (6) Xx. Xxxx providing referrals to the Bank. Bancshares' shall make this determination one time only, within three (3) months following Xx. Xxxx'x separation.
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XXXXX Separation 
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Related to XXXXX Separation

  • The Separation At or prior to the Effective Time, to the extent not already completed and subject to the terms of the Ancillary Agreements:

  • Separation ‌ Any employee, who has been employed for at least six (6) continuous months will be entitled to payment for vacation leave credits when they:

  • Separation Date Executive’s employment with the Company is terminated effective , 20 (the “Separation Date”). Executive agrees to return all Company property to the Company no later than the Separation Date. Except as specifically provided below, Executive shall not be entitled to receive any compensation or other benefits of employment following the Separation Date.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Integration; Termination This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.

  • Post-Termination Cooperation Following any termination of this Agreement, all Parties shall thereafter cooperate fully and work diligently in good faith to achieve an orderly resolution of all matters resulting from such termination.

  • Release of Employment Claims Executive agrees, as a condition to receipt of the termination payments and benefits provided for in this Section 4, that he/she will execute a release agreement, a form of which is attached hereto as Exhibit A, releasing any and all claims arising out of Executive’s employment.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • License Termination Customer may terminate the license for an ICA Program at any time on one month's written notice to IBM. For ICA Program licenses that Customer acquired for a one-time charge, replacement licenses may be acquired for an upgrade charge, if available. When Customer obtains licenses for these replacement ICA Programs, Customer agrees to terminate the license of the replaced ICA Programs when charges become due, unless IBM specifies otherwise. IBM may terminate Customer’s license if Customer fails to comply with the license terms. If IBM does so, Customer’s authorization to use the ICA Program is also terminated.

  • Post Termination After the Employee has terminated their employment with the Employer, the Employee shall be bound to Section XII of this Agreement for a period of ☐ Months ☐ Years (“Confidentiality Term”). If the Confidentiality Term is beyond any limit set by local, State, or Federal laws, then the Confidentiality Term shall be the maximum allowed legal time-frame.

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