Common use of Termination of Employment; Death Clause in Contracts

Termination of Employment; Death. (a) The Company may terminate the Employee's employment at any time, but any termination by the Company other than termination for cause, shall not prejudice the Employee's right to compensation or other benefits under this Agreement. If the employment of the Employee is involuntarily terminated, other than for "

Appears in 2 contracts

Samples: Employment Agreement (Doral Financial Corp), Employment Agreement (Doral Financial Corp)

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Termination of Employment; Death. (a) The Company may terminate the Employee's employment at any time, but any termination by the Company other than termination for cause, shall not prejudice the Employee's right to compensation or other benefits under this Agreement. If the employment of the Employee is involuntarily terminated, other than for "cause" as provided in this Section 7(a) the Company shall have no further obligation to the Employee under this Agreement, except that the company shall pay the Employee his salary throughout the remainder of the then applicable twelve-month period. The terms "

Appears in 1 contract

Samples: Employment Agreement (Margo Caribe Inc)

Termination of Employment; Death. (a) The Company Savings Bank's Board of Directors may terminate the Employee's employment at any time, but any termination by the Company Savings Bank's Board of Directors other than termination for cause, shall not prejudice the Employee's right to compensation or other benefits under this Agreement. If the employment of the Employee is involuntarily terminated, other than for "

Appears in 1 contract

Samples: Employment Agreement (First Financial Caribbean Corp)

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Termination of Employment; Death. (a) The Company Board of Directors of either the Bank or the Holding Company, as appropriate, may terminate the Employee's employment (but not board membership) at any time, but any termination by the Company such termination, other than termination for cause, shall not prejudice the Employee's right to compensation or and other benefits under this the Agreement. If the employment of the Employee is involuntarily terminated, other than for "

Appears in 1 contract

Samples: Employment Agreement (Permanent Bancorp Inc)

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