Common use of Involuntary Termination Without Cause and Voluntary Termination with Good Reason Clause in Contracts

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 20 contracts

Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp)

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Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied –

Appears in 17 contracts

Samples: Employment Agreement (Carolina Bank Holdings Inc), Employment Agreement (1st Financial Services CORP), Employment Agreement (1st Financial Services CORP)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank Corporation may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank Corporation as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 12 contracts

Samples: Employment Agreement (Equitable Financial Corp.), Employment Agreement (Athens Bancshares Corp), Employment Agreement (Athens Bancshares Corp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank Company may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice thirty (30) day period. With advance written notice to the Bank Company as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 9 contracts

Samples: Employment Agreement (MB Bancorp Inc), Employment Agreement (MB Bancorp Inc), Employment Agreement (MB Bancorp Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 7 contracts

Samples: Employment Agreement (Fairfield County Bank Corp.), Employment Agreement (First Savings Financial Group Inc), Form of Employment Agreement (Athens Bancshares Corp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank Association may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice thirty (30) day period. With advance written notice to the Bank Association as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 6 contracts

Samples: Employment Agreement (Fraternity Community Bancorp Inc), Employment Agreement (Fraternity Community Bancorp Inc), Employment Agreement (Fraternity Community Bancorp Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause paragraph (yb), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses paragraphs (xa) and (yb) of this Section 3.4 are satisfied:satisfied –

Appears in 4 contracts

Samples: Employment Agreement (BNC Bancorp), Employment Agreement (BNC Bancorp), Employment Agreement (BNC Bancorp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty sixty (3060) days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 3 contracts

Samples: Employment Agreement (Wellesley Bancorp, Inc.), Employment Agreement (Wellesley Bancorp, Inc.), Employment Agreement (Wellesley Bancorp, Inc.)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice thirty (30) day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 3 contracts

Samples: Employment Agreement (First Savings Financial Group Inc), Employment Agreement (First Savings Financial Group Inc), Employment Agreement (First Savings Financial Group Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice thirty (30) day period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 3 contracts

Samples: Employment Agreement (MB Bancorp Inc), Employment Agreement (MB Bancorp Inc), Employment Agreement (MB Bancorp Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause which shall be considered an “Involuntary Termination Without Cause. Termination The termination shall take effect at the end of the notice period. With advance written notice to the Bank Bank, as provided in clause (yb), the Executive may terminate his employment for Good Reason which shall be considered a “Voluntary Termination With Good Reason. If the Executive’s employment with the Bank terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Voluntary Termination With Good Reason may occur if the conditions stated in both clauses (xa) and (yb) of this Section 3.4 are satisfied:

Appears in 2 contracts

Samples: Employment Agreement (First Savings Financial Group Inc), Employment Agreement (First Savings Financial Group Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement, except as may be provided in Article 4, and any payments owing under section 6.2, as provided in section 6.2. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied –

Appears in 2 contracts

Samples: Amended Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) days in advance, the Bank or the Company may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank and the Company as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 2 contracts

Samples: Employment Agreement (HV Bancorp, Inc.), Employment Agreement (HV Bancorp, Inc.)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 30 days in advance, the Bank Company may terminate the Executive’s employment and this Agreement without Cause. Termination shall take effect at the end of the notice 30 day period. With advance written notice to the Bank Company as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article Section 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 3(d) are satisfied:

Appears in 2 contracts

Samples: Employment Agreement (Central Federal Bancshares, Inc), Employment Agreement (Central Federal Bancshares, Inc)

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Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied –

Appears in 2 contracts

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (Oak Ridge Financial Services, Inc.)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s 's employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s 's employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied -

Appears in 1 contract

Samples: Employment Agreement (Community First Bancorp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause paragraph (yb), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if any of the conditions stated in both clauses paragraph (x) and (ya) of this Section 3.4 are satisfied:occur and if Executive gives written notice as required in paragraph (b) of this Section 3.4 –

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s 's employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause paragraph (yb), the Executive may terminate employment for with Good Reason. If the Executive’s 's employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses paragraphs (xa) and (yb) of this Section 3.4 are satisfied:satisfied -

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause paragraph (yb), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses paragraphs (xa) and (yb) of this Section 3.4 are satisfied:satisfied —

Appears in 1 contract

Samples: Employment Agreement (Tidelands Bancshares Inc)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Service1st Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Service1st Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied —

Appears in 1 contract

Samples: Employment Agreement (Western Liberty Bancorp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 90 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 90-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:satisfied –

Appears in 1 contract

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 30 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 30-day period. With advance written notice to the Bank Employer as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

Appears in 1 contract

Samples: Employment Agreement (Pulaski Financial Corp)

Involuntary Termination Without Cause and Voluntary Termination with Good Reason. With written notice to the Executive at least thirty (30) 30 days in advance, the Bank Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice 30-day period. With advance written notice to the Bank Employer as provided in clause paragraph (yb), the Executive may terminate employment for with Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, Agreement a voluntary termination by the Executive shall will be considered a voluntary termination with Good Reason if the conditions stated in both clauses paragraphs (xa) and (yb) of this Section 3.4 are satisfied:satisfied-

Appears in 1 contract

Samples: Employment Agreement (Paragon Commercial CORP)

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