Payment Trigger. If, during the one year period commencing on the Trigger Date and ending on the first anniversary of the Trigger Date, (i) the Bank shall terminate the Officer’s employment without Cause, or (ii) the Officer shall terminate employment for Good Reason, then the Bank shall pay to Officer the Severance Payment (defined below).
Appears in 3 contracts
Sources: Separation Agreement (State Bank Financial Corp), Separation Agreement (State Bank Financial Corp), Separation Agreement (Georgia-Carolina Bancshares, Inc)