Common use of Long Term Clause in Contracts

Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such termination under the terms of the Company's employee benefit plans. Notwithstanding the foregoing, the Executive's obligations and the Company's rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

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Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's ’s employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such the termination under the terms of the Company's Bank’s employee benefit plans. Notwithstanding the foregoing, the Executive's obligations and the Company's rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/), Wayne Savings Community Bank Employment Agreement (Wayne Savings Bancshares Inc /De/), Employment Agreement (Wayne Savings Bancshares Inc /De/)

Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's ’s employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such termination under the terms of the Company's ’s employee benefit plans. Notwithstanding the foregoing, the Executive's ’s obligations and the Company's ’s rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's ’s employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such termination under the terms of the Company's ’s employee benefit plans. Notwithstanding the foregoing, the Executive's ’s obligations and the Company's ’s rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this AgreementExecutive’s employment.

Appears in 2 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's ’s employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such the termination under the terms of the Company's Xxxxx Savings Entities’ employee benefit plans. Notwithstanding the foregoing, the Executive's obligations and the Company's rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/)

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Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive shall be entitled to receive all benefits payable to the Executive as a result of such termination under the terms of the Company's employee benefit plans. Notwithstanding the foregoing, the Executive's obligations and the Company's rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this AgreementExecutive's employment.

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Long Term. If the Executive is incapacitated for a period of one hundred eighty (180) consecutive days so that he cannot perform his duties hereunder on a full-time basis, the Executive's ’s employment will terminate upon the expiration of such one hundred eighty (180) day period, and the Executive no amounts or benefits shall be entitled to receive all benefits due except those which are vested, or which are otherwise payable to the Executive as a result of such the termination under the terms of the Company's Bank’s employee benefit plans. Notwithstanding the foregoing, the Executive's obligations and the Company's rights under Sections 6, 7, 8, 9 and 10 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/)

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