Common use of Voluntary Termination Clause in Contracts

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 15 contracts

Samples: Employment Agreement (Southern Missouri Bancorp Inc), Employment Agreement (Citizens Community Bancorp Inc.), Employment Agreement (Citizens Community Bancorp)

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Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 12 contracts

Samples: Employment Agreement (Capitol Federal Financial, Inc.), Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's his salary and benefits only through the Date date of Terminationtermination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Hemlock Federal Financial Corp), Employment Agreement (SFS Bancorp Inc), Employment Agreement (Hemlock Federal Financial Corp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.. (d)

Appears in 6 contracts

Samples: Employment Agreement (Citizens Community Bancorp), Employment Agreement (Citizens Community Bancorp Inc.), Employment Agreement (Citizens Community Bancorp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank Company or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors, for reasons other than reasons that constitute Involuntary Termination. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank Company shall have no further obligation to the Employee under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Evertrust Financial Group Inc), Employment Agreement (Alaska Pacific Bancshares Inc), Employment Agreement (Evertrust Financial Group Inc)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee without good reason at any time upon 90 one hundred twenty (120) days' written notice to the Bank Bank, or such shorter period as may be agreed upon between the Employee and the Board of Directors Chief Executive Officer of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's ’s salary and accrued benefits only through the Date of Termination, at the time such payments are due, and the Bank shall thereafter have no further obligation to the Employee under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Heritage Financial Group Inc), Employment Agreement (Heritage Financial Group Inc), Employment Agreement (Heritage Financial Group)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon 90 180 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's ’s salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Sound Financial, Inc.), Employment Agreement (Sound Financial, Inc.), Employment Agreement (Sound Financial, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 at least 120 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Savings Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Savings Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Rainier Pacific Financial Group Inc), Employment Agreement (Home Federal Bancorp Inc), Employment Agreement (Home Federal Bancorp Inc)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Bank Company and First Federal or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank Company and First Federal shall be jointly obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (First Northwest Bancorp), Employment Agreement (First Northwest Bancorp), Employment Agreement (First Northwest Bancorp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Form of Employment Agreement (Anchor Bancorp), Employment Agreement (First Financial Northwest, Inc.), Fourth Amended Employment Agreement (Home Federal Bancorp, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bankof. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (MFS Financial Inc), Employment Agreement (MFS Financial Inc), Employment Agreement (MFS Financial Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be jointly obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Banner Corp), Employment Agreement (Banner Corp), Employment Agreement (Banner Corp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the 3NEXT PAGE event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Citizens Community Bancorp), Employment Agreement (Citizens Community Bancorp Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors Directors. The Employee’s employment may be voluntarily terminated by the Employer after the first anniversary of the BankEffective Date if, solely as a result of the management rating, the Bank is still operating under the memorandum of understanding that was in effect on the Effective Date and such termination will be treated as a voluntary termination by the Employee. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (First Financial Northwest, Inc.), Employment Agreement (First Financial Northwest, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.. (d)

Appears in 2 contracts

Samples: Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be jointly obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Savings Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Savings Bank shall be obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 2 contracts

Samples: Third Amended Employment Agreement (Home Federal Bancorp, Inc.), Employment Agreement (Home Federal Bancorp Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 60 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Bancaffiliated Inc)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Form of Employment Agreement (Anchor Bancorp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.. Next Page

Appears in 1 contract

Samples: Employment Agreement (Citizens Community Bancorp)

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Voluntary Termination. The Employee may terminate this Agreement and Employee's ’s employment may be voluntarily terminated by the Employee hereunder without good reason at any time upon 90 one hundred twenty (120) days' written notice to the Bank Bank, or such shorter period as may be agreed upon between the Employee and the Board of Directors Chief Executive Officer of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary ’s Base Compensation and benefits only accrued through the Date of Termination, at the time such payments are due, and the Bank shall thereafter have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Heritage Financial Group Inc)

Voluntary Termination. The Employee's employment may be --------------------- voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ifb Holdings Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 at least 60 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Banner Corp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 60 days' written notice to the Bank Board of Directors or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date date of Terminationtermination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Bancshares Inc /Mo/)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon at least 90 days' written notice to the Company and the Savings Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Company and the Savings Bank shall be obligated jointly to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Financial Northwest, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date date on which the Employee ceases to serve as ane employee of Terminationthe Bank, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Western Ohio Financial Corp)

Voluntary Termination. The Employee's Employee may voluntarily terminate his employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, except in the case of a Change in Control, as defined in the Change-in-Control Agreement between the parties, the Bank shall be obligated to continue to pay to the Employee the Employee's his base salary and benefits only through the Date date of Terminationtermination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Hf Financial Corp)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee without good reason at any time upon 90 one hundred twenty (120) days' written notice to the Bank Bank, or such shorter period as may be agreed upon between the Employee and the Board of Directors Chief Executive Officer of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's ’s salary and accrued benefits only through the Date of Termination, as hereinafter defined, at the time such payments are due, and the Bank shall thereafter have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Heritage Financial Group Inc)

Voluntary Termination. The Employee's employment may be --------------------- voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors Trustees of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Niagara Bancorp Inc)

Voluntary Termination. The Employee's ’s employment may be voluntarily terminated by the Employee at any time upon 90 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's ’s salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Southern Missouri Bancorp, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 180 days' written notice to the Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sound Financial, Inc.)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors Chief Executive Officer of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary Base Salary and benefits only through the Date date of Terminationtermination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Federal Bankshares Inc)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 days' days written notice to the Bank or upon such shorter period as may be agreed upon between the Employee and the Board of Directors of the Bank. In the event of such voluntary termination, the Bank shall be obligated to continue to pay to the Employee the Employee's salary and benefits only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Brooklyn Heights Bancorp)

Voluntary Termination. The Employee's employment may be voluntarily terminated by the Employee at any time upon 90 daysat least six months' written notice to the Savings Bank or such shorter period as may be agreed upon between the Employee and the Board of Directors of the BankDirectors. In the event of such voluntary termination, the Savings Bank shall be obligated to continue to pay to the Employee the Employee's salary Salary and provide benefits under this Agreement only through the Date of Termination, at the time such payments are due, and the Bank shall have no further obligation to the Employee under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Provident Financial Holdings Inc)

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