Common use of Obligations of Employer Upon Termination Clause in Contracts

Obligations of Employer Upon Termination. During the Term, if Executive’s employment terminates for any reason, then Bank shall pay or provide to Executive or Executive’s estate, if applicable, (i) in a lump sum in cash within 30 days after the Date of Termination, the exact payment date to be determined by Bank, Executive’s Base Salary through the Date of Termination to the extent not theretofore paid (the “Accrued Salary”), and (ii) to the extent not theretofore paid or provided, any other amounts or benefits required to be paid or provided or which Executive is eligible to receive under any plan, program, policy, practice, contract, or agreement of Bank and its affiliated companies and in accordance with the terms thereof, including, but not limited to, any expense reimbursements and accrued but unused vacation (which shall be paid out, if at all, in accordance with Bank’s then current written policy regarding accrual and payment for unused vacation pay) (the “Other Benefits”).