Payments and Benefits to Executive Upon Termination of Employment Sample Clauses

Payments and Benefits to Executive Upon Termination of Employment. The Bank may terminate Executive’s employment under this Agreement for any reason with (except upon termination of Executive’s employment for Cause) thirty (30) days’ prior written notice to Executive, and Executive may voluntarily terminate his employment under this Agreement with thirty (30) days’ prior written notice to the Bank. The rights and obligations of the Bank and Executive in the event of employment termination during the Term are set forth in this Section 6 as follows:
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Related to Payments and Benefits to Executive Upon Termination of Employment

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

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