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

Termination by the Bank Without Cause. The Officer’s employment may be terminated without Cause effective immediately by written notice to the Officer. In the event of termination without Cause, the Officer shall be entitled to the benefits specified in Section 4(f).

Appears in 3 contracts

Samples: Employment Agreement (Union Bankshares Corp), Employment Agreement (Union Bankshares Corp), Employment Agreement (Union Bankshares Corp)

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Termination by the Bank Without Cause. The Officer’s employment may be terminated without Cause effective immediately by written notice to the Officer. In the event of termination without Cause, the Officer shall be entitled to the benefits specified in Section 4(f5(f).

Appears in 1 contract

Samples: Employment Agreement (Union First Market Bankshares Corp)

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Termination by the Bank Without Cause. The Officer’s employment may be terminated by the Bank without Cause effective immediately by upon 30 days’ prior written notice to the Officer. In the event of termination without Causesuch termination, in which case the Officer shall will be entitled to the benefits specified in Section 4(f).following benefits:

Appears in 1 contract

Samples: Employment Agreement (Virginia Savings Bancorp)

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