Common use of Early Termination Benefit Clause in Contracts

Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, the Company shall pay to the Director the annual benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 15 contracts

Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc)

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Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, the Company shall pay to the Director Executive the annual benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc)

Early Termination Benefit. Subject to the general limitations of Article 5, upon in the event of Executive's Early Termination, the Company shall pay to the Director the Executive an annual benefit Early Termination Benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp)

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Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, whether voluntary or involuntary, the Company shall pay to the Director Executive the annual Early Termination benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)

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