Common use of Other Termination of Employment Clause in Contracts

Other Termination of Employment. If, prior to the end of the term of this Agreement, the Company terminates Manager’s employment for Cause, or if Manager terminates his employment for any reason other than as described in Section 4.02 above, the Company shall pay Manager the base salary and accrued but unused paid vacation time earned through the date of such termination and any incentive compensation earned for the preceding fiscal year that is not yet paid.

Appears in 27 contracts

Samples: Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Illinois Bancshares Inc), Employment Agreement (First Mid Illinois Bancshares Inc)

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Other Termination of Employment. If, prior to the end of the term of this Agreement, the Company terminates ManagerExecutive’s employment for Cause, or if Manager Executive terminates his employment for any reason other than as described in Section 4.02 above, the Company shall pay Manager Executive the base salary and accrued but unused paid vacation time earned through the date of such termination and any incentive compensation earned for the preceding fiscal year that is not yet paid.

Appears in 11 contracts

Samples: Employment Agreement (First Mid Illinois Bancshares Inc), Employment Agreement (First Mid Illinois Bancshares Inc), Employment Agreement (First Mid Illinois Bancshares Inc)

Other Termination of Employment. If, prior to the end of the term of this Agreement, the Company terminates Manager’s employment for Cause, or if Manager terminates his Manager’s employment for any reason other than as described in Section 4.02 above, the Company shall pay Manager the base salary and accrued but unused paid vacation time earned through the date of such termination and any incentive compensation earned for the preceding fiscal year that is not yet paid.

Appears in 3 contracts

Samples: Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.)

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Other Termination of Employment. If, prior to the end of the term of this Agreement, the Company terminates Manager’s employment for Cause, or if Manager terminates his her employment for any reason other than as described in Section 4.02 above, the Company shall pay Manager the base salary and accrued but unused paid vacation time earned through the date of such termination and any incentive compensation earned for the preceding fiscal year that is not yet paid.

Appears in 3 contracts

Samples: Employment Agreement (First Mid Illinois Bancshares Inc), Employment Agreement (First Mid Illinois Bancshares Inc), Employment Agreement (First Mid Illinois Bancshares Inc)

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