Common use of Termination Notice and Procedure Clause in Contracts

Termination Notice and Procedure. Any termination by the Bank or Executive of Executive's employment during the two years immediately following a Change of Control will be communicated by written Notice of Termination to Executive if such Notice of Termination is delivered by the Bank and to the Bank if such Notice of Termination is delivered by Executive, all in accordance with the following procedures: The Notice of Termination will indicate the specific termination provision in this Agreement relied upon, if applicable, and will set forth in reasonable detail the facts and circumstances alleged to provide a basis for such termination. Any Notice of Termination by the Bank will be in writing signed by the Chairman of the Board of the Bank. If the Bank furnishes Executive with a Notice of Termination or if Executive furnishes the Bank with a Notice of Termination, and no good faith dispute exists regarding such termination, then the date of Executive's termination will be the date such Notice of Termination is deemed given pursuant to Section 11 of this Agreement.

Appears in 6 contracts

Samples: Non Disclosure Agreement (First Chester County Corp), Non Disclosure Agreement (First Chester County Corp), Non Disclosure Agreement (First Chester County Corp)

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Termination Notice and Procedure. Any termination by the Bank or Executive of Executive's ’s employment during the two years immediately following a Change of Control will be communicated by written Notice of Termination to Executive Executive, if such Notice of Termination is delivered by the Bank Bank, and to the Bank Bank, if such Notice of Termination is delivered by Executive, all in accordance with the following procedures: The Notice of Termination will indicate the specific termination provision in this Agreement relied upon, if applicable, and will set forth in reasonable detail the facts and circumstances alleged to provide a basis for such termination. Any Notice of Termination by the Bank will be in writing signed by the Chairman of the Board of the Bank or the President of the Bank. If the Bank furnishes Executive with a Notice of Termination Termination, or if Executive furnishes the Bank with a Notice of Termination, and no good faith dispute exists regarding such termination, then the date of Executive's ’s termination will be the date such Notice of Termination is deemed given pursuant to Section 11 14 of this Agreement.

Appears in 1 contract

Samples: Separation Benefits Agreement (Tower Bancorp Inc)

Termination Notice and Procedure. Any termination by the Bank or Executive of Executive's employment during the two years immediately following a Change of Control will be communicated by written Notice of Termination to Executive Executive, if such Notice of Termination is delivered by the Bank Bank, and to the Bank Bank, if such Notice Not ice of Termination is delivered by Executive, all in accordance with the following procedures: The Notice of Termination will indicate the specific termination provision in this Agreement relied upon, if applicable, and will set forth in reasonable detail the facts and circumstances alleged to provide a basis for such termination. Any Notice of Termination by the Bank will be in writing signed by the Chairman of the Board of the Bank or the President of the Bank. If the Bank furnishes Executive with a Notice of Termination Termination, or if Executive furnishes the Bank with a Notice of Termination, and no good faith dispute exists regarding such termination, then the date of Executive's termination will be the date such Notice of Termination is deemed given pursuant to Section 11 14 of this Agreement.

Appears in 1 contract

Samples: Separation Benefits Agreement (First Chester County Corp)

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Termination Notice and Procedure. Any termination by the Bank or Executive Employee of ExecutiveEmployee's employment during the two years immediately following a Change of Control will be communicated by written Notice of Termination to Executive Employee, if such Notice of Termination is delivered by the Bank Bank, and to the Bank Bank, if such Notice of Termination is delivered by ExecutiveEmployee, all in accordance with the following procedures: The Notice of Termination will indicate the specific termination provision in this Agreement relied upon, if applicable, and will set forth in reasonable detail the facts and circumstances alleged to provide a basis for such termination. Any Notice of Termination by the Bank will be in writing signed by the Chairman of the Board of the Bank or the President of the Bank. If the Bank furnishes Executive Employee with a Notice of Termination Termination, or if Executive Employee furnishes the Bank with a Notice of Termination, and no good faith dispute exists regarding such termination, then the date of ExecutiveEmployee's termination (Effective Date of Termination) will be the date such Notice of Termination is deemed given pursuant to Section 11 10 of this Agreement.

Appears in 1 contract

Samples: Separation Benefits Agreement (First Chester County Corp)

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