Common use of Termination by the Bank Without Cause Clause in Contracts

Termination by the Bank Without Cause. The Bank shall have the right at any time during the Employment Period upon 30 days written notice to Executive to terminate the Employment Period without cause. The Bank may in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part of his duties under this Agreement and to exclude Executive thereafter from the premises of the Bank.

Termination by the Bank Without Cause. The Bank shall have may terminate the right at any time during Executive’s employment hereunder Without Cause, in which event the Employment Period Bank may elect to terminate the Executive’s employment immediately or upon the expiration of a set period not to exceed 30 days days, as set forth in a written notice to the Executive. During any period between the Executive’s receipt of such notice and the date of termination, the Executive to terminate the Employment Period without cause. The Bank may in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part be relieved of his duties under this Agreement as specified herein and to exclude Executive thereafter from assigned alternate duties by the premises Board of the BankDirectors.

Termination by the Bank Without Cause. The Bank shall have the right to terminate the Executive’s employment at any time during on 30 days’ written notice without Cause, for any or no reason, such termination to be effective on the Employment Period upon 30 days written date on which the Bank gives such notice to Executive to terminate the Employment Period without cause. The Bank or such later date as may be specified in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part of his duties under this Agreement and to exclude Executive thereafter from the premises of the Banksuch notice.

Termination by the Bank Without Cause. The Executive’s employment under this Agreement may be terminated by the Bank shall have the right at any time during the Employment Period without Cause, by action of the Board, upon giving written notice of such termination to the Executive at least 30 days written notice prior to the date upon which such termination shall take effect. If the Executive’s employment is terminated under the provisions of this Section 2(b), then the Executive shall be entitled to terminate receive the Employment Period without cause. The Bank may compensation and benefits set forth in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part of his duties under this Agreement and to exclude Executive thereafter from the premises of the BankSection 4.

Termination by the Bank Without Cause. The Bank shall have the right to terminate Executive’s employment at any time during on written notice without Cause, for any or no reason, such termination to be effective on the Employment Period upon 30 days written date on which the Bank gives such notice to Executive or such later date as may be specified in such notice. In the event the Bank terminates Executive without Cause, the Bank’s obligations to terminate provide supplemental benefits to Executive is governed by the Employment Period without cause. The Bank may in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part of his duties under this Agreement and to exclude Executive thereafter from the premises terms of the BankParties’ separately executed Non-Competition Agreement dated as of the Effective Date.

Termination by the Bank Without Cause. The Bank shall have may terminate the right at any time during Executive’s employment hereunder Without Cause, in which event the Employment Period Bank may elect to terminate the Executive’s employment immediately or upon the expiration of a set period not to exceed 30 days days, as set forth in a written notice to the Executive. During any period between the Executive’s receipt of such notice and the date of termination, the Executive to terminate the Employment Period without cause. The Bank may in its discretion following delivery of its notice of termination elect immediately to relieve Executive of all or any part be relieved of his duties under this Agreement as specified herein and to exclude assigned alternate duties by the Chief Executive thereafter from the premises of the BankOfficer.

Termination by the Bank Without Cause. The Bank shall have the right may terminate Executive’s employment hereunder at any time during the Employment Period upon 30 days without Cause by written notice to Executive, in which event the Bank shall pay Executive an amount equal to terminate $150,000 less the Employment Period without cause. The Bank may in its discretion following delivery aggregate amount of its notice Base Salary and committee fees previously paid to or accrued by Executive at the time of termination elect immediately to relieve Executive of all or any part of his duties under this Agreement and to exclude Executive thereafter from the premises of the Banktermination.