Common use of Services Term Termination Clause in Contracts

Services Term Termination. (a) The Consultant shall serve as a Special Advisor beginning on the Effective Date for a twelve (12)-month period, unless such period is earlier terminated in accordance with Sections 1(b) or 1(c) below (the applicable period, the “Term”). During the Term, the Consultant shall provide general advisory services to the Company as requested by the President and Chief Executive Officer of the Company, including without limitation attending meetings upon request, providing advice on and assistance as requested with the transition and integration of Johnson County Bank into the Company (the “Services”). (b) The Company may terminate the Term only for Cause, upon fifteen (15)-calendar days’ advance written notice to the Consultant. For purposes of this Agreement, “Cause” shall mean the Consultant’s material failure to perform the Services (other than a failure to perform the Services as a result of the Company’s refusal to accept performance of the Services, the Company’s failure to request the Services, or the Company’s material failure to comply with the terms of this Agreement) or the Consultant’s breach of this Agreement.

Appears in 1 contract

Sources: Consulting Agreement (Skyline Bankshares, Inc.)

Services Term Termination. (a) The Consultant shall serve as a Special Advisor beginning on the Effective Date for a twelve three (12)-month 3)-month period, unless such period is earlier terminated in accordance with Sections 1(b1(c) or 1(c1(d) below (the applicable period, the “Term”). During the Term, the Consultant shall provide general advisory services to the Company as requested by the President and Chief Executive Officer of the Company, including including, without limitation limitation, attending meetings upon request, and providing advice on and assistance as requested with respect to the transition and integration of Johnson County Frontier Community Bank into the Company Bank (the “Services”). (b) To the extent that the Term is not terminated in accordance with Section 1(c) or 1(d), the Term may be extended for successive one (1)-month periods only through mutual written agreement of the parties hereto. (c) The Company may terminate the Term only for Cause, upon fifteen ten (15)-calendar 10) calendar days’ advance written notice to the Consultant. For purposes of this Agreement, “Cause” shall mean the Consultant’s material failure to perform the Services (other than a failure to perform the Services as a result of the Company’s refusal to accept performance of the Services, the Company’s failure to request the Services, or the Company’s material failure to comply with the terms of this Agreement) or the Consultant’s breach of this Agreement.

Appears in 1 contract

Sources: Advisory Services Agreement (National Bankshares Inc)