Common use of Involuntary Termination Without Cause Clause in Contracts

Involuntary Termination Without Cause. With written notice to the Executive 60 days in advance, the Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement.

Appears in 6 contracts

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

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Involuntary Termination Without Cause. With written notice to the Executive 60 days in advance, the Employer may terminate the Executive’s employment at any time without CauseCause by giving thirty (30) days’ written notice thereof to Executive. Termination shall take effect at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, shall terminate effective on the Executive shall be entitled to last day of the benefits specified notice period or on such earlier date as Employer specifies in Article 4 of this Agreementthe notice.

Appears in 5 contracts

Samples: Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation)

Involuntary Termination Without Cause. With Executive acknowledges and agrees that his employment is at will. Employer reserves the right to terminate Executive's employment at any time whatsoever without Cause by giving thirty (30) days' written notice to Executive thereof. The Term of Employment shall terminate on the Executive 60 days in advancelast day of the notice period, the but Employer may terminate the Executive’s employment without Cause. Termination shall take effect require Executive to cease performing services at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, the Executive shall be entitled to the benefits specified in Article 4 of this Agreementany time after such notice is given.

Appears in 4 contracts

Samples: Humboldt Bancorp Letterhead (Humboldt Bancorp), Employment Agreement (Humboldt Bancorp), Humboldt Bancorp Logo (Humboldt Bancorp)

Involuntary Termination Without Cause. With written notice to the Executive 60 days in advance, the Employer may terminate the Executive’s employment at any time without CauseCause by giving thirty (30) days’ written notice thereof to Executive. Termination shall take effect at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, shall terminate effective on the last day of the notice period or the last day on which Executive shall be entitled performs services for Employer if Executive elects to terminate his services prior to the benefits specified in Article 4 last day of this Agreementsuch period.

Appears in 1 contract

Samples: Employment Agreement (Americanwest Bancorporation)

Involuntary Termination Without Cause. With written notice to the Executive 60 days in advance, the Employer may terminate the Executive’s employment at any time without CauseCause by giving thirty (30) days’ written notice thereof to Executive. Termination shall take effect at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, shall terminate effective on the Executive shall be entitled to last day of the benefits specified notice period unless Employer specifies an earlier termination date in Article 4 of this Agreementthe notice.

Appears in 1 contract

Samples: Employment Agreement (Americanwest Bancorporation)

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Involuntary Termination Without Cause. With Executive acknowledges and agrees that her employment is at will. Employer reserves the right to terminate Executive's employment at any time whatsoever without Cause by giving thirty (30) days' written notice to Executive thereof. The Term of Employment shall terminate on the Executive 60 days in advancelast day of the notice period, the but Employer may terminate the Executive’s employment without Cause. Termination shall take effect require Executive to cease performing services at the end of the 60-day period. If the Executive’s employment terminates involuntarily without Cause, the Executive shall be entitled to the benefits specified in Article 4 of this Agreementany time after such notice is given.

Appears in 1 contract

Samples: Employment Agreement (Humboldt Bancorp)

Involuntary Termination Without Cause. With written notice to the Executive 60 days in advance, the Employer may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the 60-day period. If the Executive’s 's employment with the Company terminates involuntarily prior to the Expiration Date on account of an involuntary termination of employment by the Company without Cause, or by voluntary termination within 90 days of a material breach by the Company of the Agreement, the Executive shall be entitled receive his base salary compensation as described in Section 5 hereof until the Expiration Date and no additional benefits other than medical benefits until the Expiration Date and those accrued hereunder and under the Company's employee benefit plans up to the benefits specified in Article 4 Termination of this AgreementEmployment Date.

Appears in 1 contract

Samples: Employment Agreement (Equitable Resources Inc /Pa/)

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