By the Employer. (a) For Cause, following approval of such action by the Board of Directors and upon written notice to the Executive subject to compliance with Section 1.7 hereof, if applicable, in which event the Employer shall have no further obligation to the Executive except for the payment of any amounts earned and unpaid and any vested benefits as of the effective date of termination; or
Appears in 6 contracts
Samples: Employment Agreement (Community First Bancshares, Inc.), Employment Agreement (Community First Bancshares, Inc.), Employment Agreement (Community First Bancshares, Inc.)