Common use of No Benefits Payable Clause in Contracts

No Benefits Payable. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement if (i) the Company terminates the Executive’s employment as a result of a Termination for Cause, or (ii) the Executive resigns his employment with the Company other than for Good Reason prior to the earlier of Normal Retirement Age or a Change in Control.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc)

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No Benefits Payable. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement if (i) the Company terminates the Executive’s employment as a result of a Termination for Cause, or (ii) the Executive resigns his employment with the Company other than for Good Reason prior to the earlier of Normal Retirement Age or a Change in Control.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc)

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No Benefits Payable. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement if (i) the Company terminates the Executive’s employment as a result of a Termination for Cause, or (ii) the Executive resigns his employment with the Company other than for Good Reason prior to the earlier of Normal Retirement Age or a Change in Control.

Appears in 1 contract

Samples: Retirement Plan Agreement (Lakeland Bancorp Inc)

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