Common use of Termination by Employer Without Cause or by Executive for Good Reason Clause in Contracts

Termination by Employer Without Cause or by Executive for Good Reason. Employer may terminate the employment of Executive without “Cause” (as defined in subparagraph 4(a)) at any time during the Employment Period by giving written notice to Executive specifying therein the effective date of termination. Executive shall have the right at any time to terminate his employment with the Bank for any reason or for no reason. For purposes of this Agreement, and subject to Employer’s opportunity to cure as provided in Section 4(c) hereof, Executive shall have "Good Reason" to terminate his employment hereunder if such termination shall be the result of:

Appears in 2 contracts

Samples: Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp)

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Termination by Employer Without Cause or by Executive for Good Reason. Employer may terminate the employment of Executive without “Cause” (as defined in subparagraph 4(a)) at any time during the Employment Period by giving written notice to Executive specifying therein the effective date of termination. Executive shall have the right at any time to terminate his employment with the Bank for any reason or for no reason. For purposes of this Agreement, and subject to Employer’s opportunity to cure as provided in Section 4(c) hereof, Executive shall have "Good Reason" to terminate his employment hereunder if such termination shall be the result of:

Appears in 1 contract

Samples: Employment Agreement (Pacific Mercantile Bancorp)

Termination by Employer Without Cause or by Executive for Good Reason. Employer may terminate the employment of Executive without “Cause” (as defined in subparagraph Section 4(a)) at any time during the Employment Period by giving written notice to Executive specifying therein the effective date of termination. Executive shall have the right at any time to terminate his employment with the Bank for any reason or for no reason. For purposes of this Agreement, and subject to Employer’s opportunity to cure as provided in Section 4(c) hereof, Executive shall have "Good Reason" to terminate his employment hereunder if such termination shall be the result ofmean:

Appears in 1 contract

Samples: Employment Agreement (Pacific Mercantile Bancorp)

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Termination by Employer Without Cause or by Executive for Good Reason. Employer may terminate the employment of Executive without "Cause" (as defined in subparagraph 4(a)) at any time during the Employment Period by giving written notice to Executive specifying therein the effective date of termination. Executive shall have the right at any time to terminate his employment with the Bank for any reason or for no reason. For purposes of this Agreement, and subject to Employer’s 's opportunity to cure as provided in Section 4(c) hereof, Executive shall have "Good Reason" to terminate his employment hereunder if such termination shall be the result of:

Appears in 1 contract

Samples: Employment Agreement (Pacific Mercantile Bancorp)

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