Common use of Termination and Termination Benefits Clause in Contracts

Termination and Termination Benefits. The Employment Period and your employment may be terminated by either the Company or you at any time or for any reason. Upon termination of your employment during the Employment Period, you shall be entitled to the compensation and benefits described in this Section 5 and shall have no further rights to any compensation or other benefits from the Company or any of its Affiliates, provided that Section 6 shall govern the compensation and other benefits payable to you in connection with the termination of your employment following a Change in Control (as defined in Section 6(b)) of the Company.

Appears in 14 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

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Termination and Termination Benefits. The Employment Period and your employment may be terminated by either the Company Bank or you at any time or for any reason. Upon termination of your employment during the Employment Period, you shall be entitled to the compensation and benefits described in this Section 5 and shall have no further rights to any compensation or other benefits from the Company Bank or any of its Affiliates, provided that Section 6 shall govern the compensation and other benefits payable to you in connection with the termination of your employment following a Change in Control (as defined in Section 6(b)) of the Company.

Appears in 5 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

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Termination and Termination Benefits. The Employment Period and your employment may be terminated by either the Company or you at any time or for any reason. Upon termination of your employment during the Employment Period, you shall be entitled to the compensation and benefits described in this Section 5 and shall have no further rights to any compensation or other benefits from the Company or any of its Affiliates, provided that Section 6 shall govern the compensation and other benefits payable to you in connection with the termination of your employment following a Change in Control (as defined in Section 6(b)) of the Company.

Appears in 1 contract

Samples: Employment Agreement (Fauquier Bankshares, Inc.)

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