Common use of Covered Terminations Clause in Contracts

Covered Terminations. If the Executive’s employment with the Company terminates by reason of a Covered Termination under Section 4(b), then, in addition to any accrued remuneration to which the Executive may otherwise be entitled pursuant to the terms and conditions of his employment with the Company, the Executive shall receive the following additional remuneration from the Company:

Appears in 4 contracts

Sources: Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

Covered Terminations. If the Executive’s employment with the Company terminates by reason of a Covered Termination under Section 4(b3(b), then, in addition to any accrued remuneration to which the Executive may otherwise be entitled pursuant to the terms and conditions of his employment with the Company, the Executive shall receive the following additional remuneration from the Company:

Appears in 2 contracts

Sources: Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

Covered Terminations. If the Executive’s employment with the Company terminates by reason of a Covered Termination under Section 4(b), then, in addition to any accrued remuneration to which the Executive may otherwise be entitled pursuant to the terms and conditions of his her employment with the Company, the Executive shall receive the following additional remuneration from the Company:

Appears in 1 contract

Sources: Employment Continuity Agreement (LSB Bancshares Inc /Nc/)