Common use of Consideration of Benefit Clause in Contracts

Consideration of Benefit. As consideration for the benefit paid in Section 7, the Executive agrees to work with the new organization for a period of no less than six months. If the organization, however, terminates the employment of the Executive except under Termination for Cause, the Executive is still entitled to the benefit specified under this section 7.

Appears in 10 contracts

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

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Consideration of Benefit. As consideration for the benefit paid in Section 7, 6(a) and (b) the Executive agrees to work with the new organization for a period of no less than six months. If the organization, however, terminates the employment of the Executive except under Termination for Cause, the Executive is still entitled to the benefit specified under this section 76(a) and (b).

Appears in 1 contract

Samples: Employment Agreement (Hamilton Bancorp Inc)

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Consideration of Benefit. As consideration for the benefit paid in this Section 76, the Executive agrees to work with the new organization for a period of no less than six months. If the organization, ; however, if the organization terminates the employment of the Executive except under Termination Terminated for Cause, the Executive is still entitled to the benefit specified under this section 7Section 6.

Appears in 1 contract

Samples: Employment Agreement (Harbor Bankshares Corp)

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