Common use of Termination by Officer Clause in Contracts

Termination by Officer. This Agreement may be terminated at any time by the Officer upon sixty (60) days prior written notice to the Bank. Unless the provisions of Paragraphs 7(f)(ii) or 7(g) are applicable and the Officer elects to apply the applicable provisions, upon such termination, the Officer shall be entitled to receive the compensation and benefits payable to, or accruable or vested for the benefit of, the Officer under this Agreement through the effective date of such termination.

Appears in 3 contracts

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (Mountainbank Financial Corp), Employment Agreement (Mountainbank Financial Corp)

AutoNDA by SimpleDocs

Termination by Officer. This Agreement may be terminated at any time by the Officer upon sixty (60) days prior written notice to the Bank. Unless the provisions of Paragraphs 7(f)(ii8(f)(ii) or 7(g8(g) are applicable and the Officer elects to apply the applicable provisions, upon such termination, the Officer shall be entitled to receive the compensation and benefits payable to, or accruable or vested for the benefit of, the Officer under this Agreement through the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.)

Termination by Officer. This Agreement may be terminated at any time by the Officer upon sixty (60) days prior written notice to the Bank. Unless the provisions of Paragraphs 7(f)(ii) or 7(g) are applicable and the Officer elects to apply the applicable provisions, upon such termination, the Officer shall be entitled to receive the compensation and benefits payable to, or accruable or vested for the benefit of, the Officer under this Agreement through the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (M&f Bancorp Inc /Nc/)

AutoNDA by SimpleDocs

Termination by Officer. This Agreement may be terminated at any time by the Officer upon sixty (60) days prior written notice to the Bank. Unless the provisions of Paragraphs 7(f)(ii) or 7(g) are applicable and the Officer elects to apply the applicable provisions, upon such termination, the Officer shall be entitled to receive the compensation and benefits payable to, or accruable or vested for the benefit of, of the Officer under this Agreement through the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.