Common use of Obligation of Employers upon Termination Clause in Contracts

Obligation of Employers upon Termination. without Cause or Employee's Termination with Good Reason. In the event that during the Employment Period, an Employer terminates the Employee's employment without Cause under Section 8.2, or the Employee terminates his employment for Good Reason under Section 8.3; or the Employee's employment is terminated for any other reason except (i) for Cause under Section 8.1, (ii) without Good Reason under Section 8.4, or (iii) for Disability or death pursuant to Section 7; the Bank shall pay and provide (and to the extent the insurance referred to in Section 8.5(d) is owned by the Company, the Company shall provide) to the Employee the following:

Appears in 11 contracts

Samples: Employment Agreement (Mercantile Bank Corp), Employment Agreement (Mercantile Bank Corp), Employment Agreement (Mercantile Bank Corp)

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