Termination by the Bank Without Cause. The Executive’s employment under this Agreement may be terminated by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 4 contracts
Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc), Employment Agreement (Meridian Bancorp, Inc.)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause by a two-thirds vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 10 of the Board of Directorsthis Agreement.
Appears in 3 contracts
Samples: Employment Agreement (First Essex Bancorp Inc), Employment Agreement (First Essex Bancorp Inc), Employment Agreement (First Essex Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement may be terminated by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s 's employment under this Agreement due to Executive’s 's death or Disability) upon written notice to the Executive. A determination of whether the Executive’s 's employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (Meridian Interstate Bancorp Inc), Employment Agreement (Meridian Interstate Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s employment under this Agreement may be terminated by the Bank Bank, or its successor, without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc), Supplemental Executive Retirement Agreement (Meridian Bancorp, Inc.)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement may be terminated by the Bank Bank, or its successor, without Cause (which, for purposes of clarification, shall not include a termination of Executive’s 's employment under this Agreement due to Executive’s 's death or Disability) upon written notice to the Executive. A determination of whether the Executive’s 's employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc)
