Payment Under Employment Agreement Sample Clauses

Payment Under Employment Agreement. For purposes of that certain Employment Agreement dated as of June 1, 2017 by and among Employee, CNOB and the Bank (the “Employment Agreement”), provided Employee remains employed in good standing by the Employer through the Separation Date, the termination of Employee’s employment with Employer on the Separation Date shall be deemed a “termination without cause” under Section 6(d) of the Employment Agreement, and, provided that Employee complies with Section 11(g) of the Employment Agreement in accordance with its terms, Employer shall make the payments, and provide the benefits, provided for under Section 6(d) of the Employment Agreement to Employee under the terms provided for therein.
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Payment Under Employment Agreement. The Change in Control Payment and/or Salary Continuation Payment, if any, shall be reduced by the amount of any payment received by Executive pursuant to the Employment Agreement dated of as the date hereof among the Company, the Bank and the Executive (the "EMPLOYMENT AGREEMENT"). If payments received by Executive pursuant to the Employment Agreement exceed the amount of the Change in Control Payment and/or the Salary Continuation Payment, neither the Company nor the Bank will have any payment obligations to Executive pursuant to the terms of this Agreement.
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Payment Under Employment Agreement. The Salary Continuation Payment, if any, shall be reduced by the amount of any payment received by Executive pursuant to the Employment Agreement dated of as the date hereof among the Company, the Bank and the Executive (the "EMPLOYMENT AGREEMENT"). If payments received by Executive pursuant to the Employment Agreement exceed the amount of the Salary Continuation Payment, neither the Company nor the Bank will have any payment obligations to Executive pursuant to the terms of this Agreement.
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Payment Under Employment Agreement 
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Related to Payment Under Employment Agreement

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Prior Employment Agreement Effective as of the Agreement Date, this Agreement supersedes any prior employment agreement between the Employee and the Company.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Post-Agreement Employment In the event the Executive remains in the employ of the Company or any of its Affiliates following termination of this Agreement, by the expiration of the Term or otherwise, then such employment shall be at will.

  • Amendment to Employment Agreement The Employment Agreement is hereby amended as follows:

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment of Employment Agreement The Employment Agreement is hereby amended as follows:

  • Compensation; Employment Agreements 16 5.15 Noncompetition, Confidentiality and Nonsolicitation Agreements; Employee Policies...... 16 5.16

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