Xxxxxxxxx Agreement. a. Executive executing and delivering to the Bank (and the expiration of any revocation or rescindment period) a severance agreement, including without limitation a waiver and release by Executive of all eligible rights and claims against the Bank, its officers, directors, owners, employees, and others; as well as confidentiality, non-solicitation, and non-disparagement clauses (the Severance Agreement). b. Bank will present the Severance Agreement to Executive no later than 15 days after the date of Executive’s termination. c. Executive must execute the severance agreement, if at all, no later than 21 days after receipt (or 45 days in case of a reduction in force). d. Payment under Section 5(c)(i) will be made no later than 30 days from the date the Severance Agreement becomes fully effective and non-revocable.
Appears in 2 contracts
Samples: Executive Employment Agreement (CNB Financial Corp/Pa), Executive Employment Agreement (CNB Financial Corp/Pa)
Xxxxxxxxx Agreement. a. Executive executing and delivering to the Bank (and the expiration of any revocation or rescindment period) a severance agreement, including without limitation a waiver and release by the Executive of all eligible rights and claims against the Bank, its officers, directors, owners, employees, and others; as well as confidentiality, non-solicitation, and non-disparagement clauses (the Severance Agreement)clauses.
b. Bank will present the Severance Agreement to Executive no later than 15 days after the date of Executive’s termination.
c. Executive must execute the severance agreement, if at all, no later than 21 days after receipt (or 45 days in case of a reduction in force).
d. Payment under Section 5(c)(i) 5(d)i will be made no later than 30 days from the date the Severance Agreement becomes fully effective and non-revocableis executed by Executive.
Appears in 1 contract
Samples: Executive Employment Agreement (CNB Financial Corp/Pa)
Xxxxxxxxx Agreement. a. Executive executing and delivering to the Bank (and the expiration of any revocation or rescindment period) a severance agreement, including without limitation a waiver and release by Executive of all eligible rights and claims against the Bank, its officers, directors, owners, employees, and others; as well as confidentiality, non-solicitation, and non-disparagement clauses (the Severance Agreement).
b. Bank will present the Severance Agreement to Executive no later than 15 days after the date of Executive’s termination.
c. Executive must execute the severance agreement, if at all, no later than 21 days after receipt (or 45 days in case of a reduction in force).
d. Payment under Section 5(c)(i) will be made no later than 30 days from the date the Severance Agreement becomes fully effective and non-revocable. Executive’s strict compliance with all post-termination obligations including without limitation the Non-Competition, Non-Solicitation, Confidentiality, and Non-Disclosure provisions.
Appears in 1 contract
Samples: Executive Employment Agreement (CNB Financial Corp/Pa)