Common use of Termination for Poor Performance Clause in Contracts

Termination for Poor Performance. The Company shall have the right, at any time prior to a Change in Control of the Company (but not thereafter), to terminate the employment of the Executive for Poor Performance by written Notice of Termination (as defined in Section 4.7 hereof). For the purpose of this Agreement, "Poor Performance" shall mean a finding by a majority of the non-officer members of each of the Boards of Directors of UNB and the Bank that, in the good faith opinion of each such majority: (i) the Executive's performance of his duties was sufficiently unsatisfactory to merit termination, and (ii) prior notice of such unsatisfactory performance was given to the Executive without cure having occurred. In making such a finding, the Board of Directors shall utilize the input of the Chief Executive Officer ("CEO") unless the CEO is being terminated.

Termination for Poor Performance. (a) The Company shall have the right, at any time prior to a Change in Control of the Company (but not thereafter), to terminate the employment of the Executive for Poor Performance by written Notice of Termination (as defined in Section 4.7 hereof). For the purpose of this Agreement, "Poor Performance" shall mean a finding by a majority of the non-officer members of each of the Boards of Directors of UNB and the Bank that, in the good faith opinion of each such majority: (i) the Executive's performance of his duties was sufficiently unsatisfactory to merit termination, and (ii) prior notice of such unsatisfactory performance was given to the Executive without cure having occurred. In making such a finding, the Board of Directors shall utilize the input of the Chief Executive Officer ("CEO") unless the CEO is being terminated.

Termination for Poor Performance. The Company shall have the right, at any time prior to a Change in Control of the Company (but not thereafter), to terminate the employment of the Executive for Poor Performance by written Notice of Termination (as defined in Section 4.7 hereof). For the purpose of this Agreement, "Poor Performance" shall mean a finding by a majority of the non-officer members of each of the Boards of Directors of UNB and the Bank that, in the good faith opinion of each such majority: (i) the Executive's performance of his her duties was sufficiently unsatisfactory to merit termination, and (ii) prior notice of such unsatisfactory performance was given to the Executive without cure having occurred. In making such a finding, the Board of Directors shall utilize the input of the Chief Executive Officer ("CEO") unless the CEO is being terminated.