Common use of Death; Retirement Clause in Contracts

Death; Retirement. This Agreement shall terminate at the death or retirement of Executive. As used herein, the term "retirement" shall mean Executive's retirement in accordance with and pursuant to any retirement plan of the Employers generally applicable to Executive Officers or in accordance with any retirement arrangement established for Executive with his consent. If termination occurs for such reason, no additional compensation shall be payable to Executive under this Agreement except as specifically provided herein. Notwithstanding anything to the contrary contained herein, Executive shall receive all compensation and other benefits to which he was entitled under Section 4 through the Termination Date and, in addition, shall receive all other benefits available to him under the Bank's benefit plans and programs to which he was entitled by reason of employment through the Termination Date.

Appears in 11 contracts

Samples: Employment Agreement (FCB Financial Corp), Employment Agreement (St Francis Capital Corp), Employment Agreement (St Francis Capital Corp)

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Death; Retirement. This Agreement shall terminate at the death or retirement of Executive. As used herein, the term "retirement" shall mean Executive's retirement in accordance with and pursuant to any retirement plan of the Employers Employer generally applicable to Executive Officers or in accordance with any retirement arrangement established for Executive with his consent. If termination occurs for such reason, no additional compensation shall be payable to Executive under this Agreement except as specifically provided herein. Notwithstanding anything to the contrary contained herein, Executive shall receive all compensation and other benefits to which he was entitled under Section 4 through the Termination Date and, in addition, shall receive all other benefits available to him under the Bank's benefit plans and programs to which he was entitled by reason of employment through the Termination Date.

Appears in 5 contracts

Samples: Employment Agreement (St Francis Capital Corp), Employment Agreement (St Francis Capital Corp), Employment Agreement (St Francis Capital Corp)

Death; Retirement. This Agreement shall terminate at the death or retirement of Executive. As used herein, the term "retirement" shall mean Executive's ’s retirement in accordance with and pursuant to any retirement plan of the Employers generally applicable to Executive Officers or in accordance with any retirement arrangement established for Executive with his consent. If termination occurs for such reason, no additional compensation shall be payable to Executive under this Agreement except as specifically provided herein. Notwithstanding anything to the contrary contained herein, Executive shall receive all compensation and other benefits to which he was entitled under Section 4 through the Termination Date and, in addition, shall receive all other benefits available to him under the Bank's ’s benefit plans and programs to which he was entitled by reason of employment through the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Anchor Bancorp Wisconsin Inc)

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Death; Retirement. This Agreement shall terminate at the death or retirement of Executive. As used herein, the term "retirement" shall mean Executive's retirement in accordance with and pursuant to any retirement plan of the Employers generally applicable to Executive Officers or in accordance with any retirement arrangement established for Executive with his consent. If termination occurs for such reason, no additional compensation shall be payable to Executive under this Agreement except as specifically provided herein. Notwithstanding anything to the contrary contained herein, Executive shall receive all compensation and other benefits to which he he/she was entitled under Section 4 through the Termination Date and, in addition, shall receive all other benefits available to him him/her under the Bank's benefit plans and programs to which he he/she was entitled by reason of employment through the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (St Francis Capital Corp)

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