Common use of Rights in Event of Certain Termination of Employment Clause in Contracts

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the Bank, or the Executive's employment is terminated by Main without Cause, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 5 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

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Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the BankMedifast, or the Executive's employment is terminated by Main Medifast without Cause, Executive will be entitled to receive the amounts and benefits payments set forth in this section.

Appears in 4 contracts

Samples: Employment Agreement (Medifast Inc), Agreement (Medifast Inc), Agreement (Medifast Inc)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the Bank, or the Executive's employment is terminated by Main and/or the Bank without Cause, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 3 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

Rights in Event of Certain Termination of Employment. In the event that during the term of this Agreement as established pursuant to Section 17 the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the Bank, or the Executive's employment is terminated by Main without Cause, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 2 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main Sovereign and the Bank, or the Executive's employment is terminated by Main Sovereign and/or the Bank without Cause, Executive will shall be entitled to receive the amounts and benefits set forth in this section.

Appears in 1 contract

Samples: Agreement (Sovereign Bancorp Inc)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the BankHealthRite, or the Executive's employment is terminated by Main HealthRite without Cause, Executive will be entitled to receive the amounts and benefits payments set forth in this section.

Appears in 1 contract

Samples: Employment Agreement (Healthrite Inc)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main HNC and the BankHNB, or the Executive's employment is terminated by Main HNC and/or HNB without Cause, Executive will shall be entitled to receive the amounts and benefits set forth in this sectionSection.

Appears in 1 contract

Samples: Employment Agreement (Harleysville National Corp)

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Rights in Event of Certain Termination of Employment. In the ---------------------------------------------------- event that during the term of this Agreement as established pursuant to Section 17 the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the Bank, or the Executive's employment is terminated by Main without Cause, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 1 contract

Samples: Employment Agreement (Main Street Bancorp Inc)

Rights in Event of Certain Termination of Employment. In the event that during the term of this Agreement as established pursuant to Section 19 the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the BankCorporation, or the Executive's ’s employment is terminated by Main the Corporation or the Bank without Cause, and provided the Executive executes, and does not revoke, a complete release agreement in the form attached as Exhibit A, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 1 contract

Samples: Release Agreement (First Priority Financial Corp.)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main and the BankBoardwalk, or the Executive's employment is terminated by Main Boardwalk without Cause, Executive will be entitled to receive the amounts and benefits set forth in this section.

Appears in 1 contract

Samples: Employment Agreement (Boardwalk Bancorp Inc)

Rights in Event of Certain Termination of Employment. In the event that the Executive resigns from employment for Good Reason, by delivery of a Notice of Termination or other permitted notice to Main Sovereign and the Bank, or the Executive's ’s employment is terminated by Main Sovereign and/or the Bank without Cause, Executive will shall be entitled to receive the amounts and benefits set forth in this section.

Appears in 1 contract

Samples: Agreement (Sidhu Special Purpose Capital Corp.)

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