Common use of Executive for Cause Clause in Contracts

Executive for Cause. Any Termination of Employment of Executive for Cause by Arrow and/or either of the Bank shall require the affirmative vote of at least two-thirds (2/3) of the entire Arrow Board or either of the Bank Board (excluding Executive ifhe is a Board Member). Once such a determination has been made, the Chair of the Arrow Board and/or the Bank Board shall give notice to the Executive in writing setting forth the "for Cause" reasons Arrow and/or a Bank effected such Termination of Employment of Executive for Cause. In the event of a Termination of Employment of Executive for Cause, the Executive will not be entitled to any further compensation for any period subsequent to the effective date of such Termination of Employment, except for payments, if any, payable in accordance with the then current plans and policies of Arrow and/or either of the Bank.

Executive for Cause. Any Termination of Employment of Executive for Cause by Arrow and/or either of the Bank shall require the affirmative affinnative vote of at least two-thirds (2/3) of the entire Arrow Board or either of the Bank Board (( excluding Executive ifhe is if they are a Board Member). Once such a determination has been made, the Chair of the Arrow Board and/or the Bank Board shall give notice to the Executive in writing setting forth the "for Cause" reasons Arrow and/or a Bank effected such Termination of Employment of Executive for Cause. In the event of a Termination of Employment of Executive for Cause, the Executive will not be entitled to any further compensation for any period subsequent to the effective date of such Termination of Employment, except for payments, if any, payable in accordance with the then current plans and policies of Arrow and/or either of the Bank.

Executive for Cause. Any Termination of Employment of Executive for Cause by Arrow and/or either of the Bank shall require the affirmative vote of at least two-thirds (2/3) of the entire Arrow Board or either of the Bank Board (( excluding Executive ifhe if he is a Board Member). Once such a determination has been made, the Chair of the Arrow Board and/or the Bank Board shall give notice to the Executive in writing setting forth the "for Cause" reasons Arrow and/or a Bank effected such Termination of Employment of Executive for Cause. In the event of a Termination of Employment of Executive for Cause, the Executive will not be entitled to any further compensation for any period subsequent to the effective date of such Termination of Employment, except for payments, if any, payable in accordance with the then current plans and policies of Arrow and/or either of the Bank.