Involuntary Termination; Termination for Good Reason. (i) If Executive’s employment is terminated under the provisions of Section 7(d) or (e) hereof and such termination is not within two years following a Change of Control, Executive shall receive:
Involuntary Termination; Termination for Good Reason. Subject to the provisions of Section 5 hereof, if either (i) your employment is terminated by the Company other than for Cause, or (ii) you voluntarily terminate your employment with the Company for Good Reason (as defined below), in either case, then, as a severance benefit, the Company shall continue to pay you an amount equal to one-twelfth (1/12th) of your Base Salary for without duplication, the following time period: (A) three (3) months, if and to the extent that your employment is terminated within twelve (12) months following the Effective Date; or (B) six (6) months, if and to the extent that your employment is terminated more than twelve (12) months following the Effective Date. Payment of amounts set forth in this Section 3(d) shall be paid to you monthly, in accordance with the Company’s normal payroll schedule and policy in effect from time to time.
Involuntary Termination; Termination for Good Reason. Subject to the provisions of Section 6 hereof, if either (i) your employment is terminated by the Company other than for Cause, or (ii) you voluntarily terminate your employment with the Company for Good Reason (as defined below), in either case, then, as a severance benefit, the Company shall continue to pay you an amount equal to one-twelfth (1/12th) of your Base Salary for twelve (12) months. Payment of amounts set forth in this Section 3(d) shall be paid to you monthly, in accordance with the Company’s normal payroll schedule and policy in effect from time to time.
Involuntary Termination; Termination for Good Reason. Subject to the provisions of Section 6 hereof, if either (i) your employment is terminated by the Company other than for Cause, or (ii) you voluntarily terminate your employment with the Company for Good Reason (as defined below), in either case, then, as a severance benefit, the Company shall continue to pay you an amount equal to one-twelfth (1/12th) of your Base Salary for, without duplication, the following time period: (A) three (3) months, if and to the extent that your employment is terminated within twelve (12) months following the Effective Date; or (B) six (6) months, if and to the extent that your employment is terminated more than twelve (12) months following the Effective Date. Payment of amounts set forth in this Section 3(d) shall be paid to you monthly, in accordance with the Company’s normal payroll schedule and policy in effect from time to time. Notwithstanding anything herein contained to the contrary, for the purposes of this Section 3(d), “Effective Date” shall be deemed and construed, for the purposes hereof, to be March 14, 2011.
Involuntary Termination; Termination for Good Reason. (i) If Executive’s employment is terminated under the provisions of Section 7(d) or (e) hereof and such termination is not within two years following a Change of Control, Executive shall receive: (1) 100% of the sum of (i) Executive’s annual base salary under Section 5(a) as in effect on the date the Term of Employment ends; and (ii) the average of the annual bonuses awarded to the Executive by the Bank for the three most recent consecutive years prior to the date the Term of Employment ends. The payment shall be made by the Bank in a single installment within forty-five (45) days of termination with no percent value or other discount.
Involuntary Termination; Termination for Good Reason. The Executive's employment hereunder may be terminated at any time by the Company without cause, or by the Executive for good reason. In the event that (a) the term of the Executive's employment under this Agreement terminates on March 31, 2004 in accordance with the provisions of Section 1.4 hereof, (b) the Company terminates the Executive's employment as a result of a good faith determination by the Company's Board that the Company has suffered a sustained economic downturn or that the Company requires a strategic redirection, (c) the Company terminates the Executive's employment for any other reason that does not constitute "cause" as defined in Section 2.3, (d) the Executive terminates his employment hereunder, other than following a Change in Control, as a result of a diminution by the Company of the Executive's position or responsibilities, as that position and those responsibilities existed prior to such diminution, a reduction by the Company in the Executive's Base Salary or potential maximum incentive as in effect prior to such reduction, or an adverse (to the Executive) change in the Executive's reporting relationship or status with the Company, then,
Involuntary Termination; Termination for Good Reason. The Executive’s employment hereunder may be terminated at any time by the Company without cause, or by the Executive for good reason. In the event that (a) the term of the Executive’s employment under this Agreement terminates on March 31, 2007 in accordance with the provisions of Section 1.3 hereof, (b) the Company terminates the Executive’s employment for any other reason that does not constitute “cause” as defined in Section 2.3, or (c) the Executive terminates his employment hereunder, other than following a Change in Control, as a result of a diminution by the Company of the Executive’s position or responsibilities, as that position and those responsibilities existed prior to such diminution, a reduction by the Company in the Executive’s Base Salary or potential maximum incentive as in effect prior to such reduction, an adverse (to the Executive) change in the Executive’s reporting relationship or status with the Company, or the Company’s failure to comply with Section 5.4 hereof, then,
