Common use of By the Bank Clause in Contracts

By the Bank. (a) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;

Appears in 2 contracts

Samples: Employment Agreement (FirstBank Financial Services, Inc.), Employment Agreement (FirstBank Financial Services, Inc.)

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By the Bank. (a) For CauseFOR CAUSE, upon written notice to the Executive pursuant to Section 1.5.1 1.6.1 hereof, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;

Appears in 2 contracts

Samples: Employment Agreement (Futurus Financial Services Inc), Employment Agreement (Futurus Financial Services Inc)

By the Bank. (a) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof; where the notice has been approved by a resolution passed by two thirds (2/3) of the directors of the Bank then in office, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;:

Appears in 1 contract

Samples: Employment Agreement (FirstBank Financial Services, Inc.)

By the Bank. (a) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two- thirds (2/3) of the directors of the Bank then in office, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;

Appears in 1 contract

Samples: Employment Agreement (NSB Holdings, Inc.)

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By the Bank. (a) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two-thirds (2/3) of the directors of the Bank then in office, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;:

Appears in 1 contract

Samples: Employment Agreement (FirstBank Financial Services, Inc.)

By the Bank. (a) For CauseFOR CAUSE, upon written notice to the Executive pursuant to Section 1.5.1 1.6.1 hereof, where the notice has been approved by a resolution passed by two-thirds of the directors of the Bank then in office in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination;

Appears in 1 contract

Samples: Employment Agreement (Futurus Financial Services Inc)

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