Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter.
Appears in 11 contracts
Samples: Agreement (Southern Community Financial Corp), Employment Agreement (Piedmont Bancorp Inc), Agreement and Plan of Reorganization and Merger (Scotland Bancorp Inc)
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his the Officer’s death shall have occurred and for a period of one month thereafter.
Appears in 11 contracts
Samples: Employment Agreement (Crescent Financial Corp), Employment Agreement (Gateway Financial Holdings Inc), Employment Agreement (Gateway Financial Holdings Inc)
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (FNB Bancshares Inc /Sc/), Agreement and Plan of Merger (American Community Bancshares Inc), Employment Agreement (Southern Community Financial Corp)
Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Coddle Creek Financial Corp), Employment Agreement (Coddle Creek Financial Corp), Employment Agreement (Coddle Creek Financial Corp)
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated upon the death of the Officer during the term of this AgreementTerm, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his the Officer’s death shall have occurred and for a period of one month thereafter, along with reimbursement for any unreimbursed business expenses incurred through the date of termination and supported by reasonable substantiation and documentation in accordance with applicable Bank policies.
Appears in 2 contracts
Samples: Employment Agreement (Carolina Trust BancShares, Inc.), Employment Agreement (Carolina Trust BancShares, Inc.)
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated terminate upon the death of the Officer during the term of this Agreement, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his the Officer’s death shall have occurred and for a period of one month thereafter.
Appears in 1 contract
Samples: Employment Agreement (Gateway Financial Holdings Inc)
Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his her death shall have occurred and for a period of one month thereafter.
Appears in 1 contract
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated upon the death of the Officer during the term Term of this Agreement, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his the Officer’s death shall have occurred and for a period of one month thereafter.
Appears in 1 contract
Samples: Employment Agreement (Carolina Trust BancShares, Inc.)
Termination and Termination Pay. (a) The Officer's employment under this -------------------------------- Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his the Officer's death shall have occurred and for a period of one month thereafter.
Appears in 1 contract
Termination and Termination Pay. (a) The Officer's ’s employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's ’s estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter. All such payments due under this Section shall be paid to the estate 30 days after the date of death of the Officer.
Appears in 1 contract
Samples: Settlement and Termination Agreement (Yadkin Valley Financial Corp)