Rebuttable Presumptions. Barring contrary facts and circumstances, the Bank shall presume (i) that a decrease in bona fide services to 20% or less of the 36‑month average constitutes a termination of employment, and (ii) that continued bona fide services at 50% or more of the 36-month average does not constitute a termination of employment.
Appears in 5 contracts
Samples: Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.)
Rebuttable Presumptions. Barring contrary facts and circumstances, the Bank shall presume (i) that a decrease in bona fide services to twenty percent (20% %) or less of the 36‑month 36-month average constitutes a termination of employment, and (ii) that continued bona fide services at fifty percent (50% %) or more of the 36-month average does not constitute a termination of employment.
Appears in 5 contracts
Samples: Continuation Agreement (Third Coast Bancshares, Inc.), Salary Continuation Agreement (Third Coast Bancshares, Inc.), Salary Continuation Agreement (Third Coast Bancshares, Inc.)
