Common use of Compensation After Termination Clause in Contracts

Compensation After Termination. (i) If the Term of Employment is terminated (i) by Bank for cause or due to the death or disability of Executive, (ii) by Executive or (iii) through expiration of the Term of Employment, Bank shall have no further obligations hereunder or otherwise with respect to Executive's employment from and after the termination or expiration date (except payment of Executive's Base Salary accrued through the date of termination or expiration) and Bank shall continue to have all other rights available hereunder.

Appears in 5 contracts

Samples: Employment Agreement (Pacific Coast National Bancorp), Employment Agreement (Pacific Coast National Bancorp), Employment Agreement (Pacific Coast National Bancorp)

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