Common use of Termination of Participation Clause in Contracts

Termination of Participation. A Participant's rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy after the Participant's termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2i) the Participant's employment with the Company is Terminated for Cause; (ii) the Participant's employment with the Company is terminated prior to Normal Retirement Age for reasons other than Disability; or (3iii) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this AgreementArticle 8. In the event that the Company decides to maintain the Policy after the Participant's termination of his or her participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any either of the following events occur: (1i) if there is a Termination for Cause; or (ii) if the Participant's ’s employment with the Company is terminated prior to Normal Retirement Age for reasons other than Disability (except as set forth in 2.4(B)), or following a Change of Control, or a leave of absence approved by the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this AgreementCompany. In the event that the Company decides to maintain the Policy after the Participant's termination ’s Termination of participation Participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's ’s employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy Policy(ies) after the Participant's ’s termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the PolicyPolicy(ies).

Termination of Participation. A Participant's rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the ParticipantInsured's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy after the Participant's termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for ’s service as a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company Director is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy Policy(ies) after the Participant's ’s termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the PolicyPolicy(ies).

Termination of Participation. A Participant's rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company Director is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy after the Participant's termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any either of the following events occur: (1i) if there is a Termination for Cause; or (ii) if the Participant's ’s employment with the Company is terminated for reasons other than Disability either (a) prior the Participant meeting any to his or her attainment of the criteria for a Vested Insurance Benefit under section 5.1; age 55, or (2b) the Participant's prior to his or her completion of ten continuous years of employment with the Company is Terminated for CauseCompany; or (3iii) the Plan or any Participant's rights under the Plan are plan is terminated in accordance with Section 12.1 of this Agreementper Article 8. In the event that the Company decides to maintain the Policy or Policies after the Participant's termination ’s Termination of participation Participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the PolicyPolicy or Policies.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any either of the following events occur: (1i) if there is a Termination for Cause; or (ii) if the Participant's ’s employment with the Company is terminated prior the Participant meeting any to Early Retirement Age for reasons other than Disability (except as set forth in 2.4(B) of the criteria for Plan) or a Vested Insurance Benefit under section 5.1; (2) leave of absence approved by the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this AgreementCompany. In the event that the Company decides to maintain the Policy after the Participant's termination ’s Termination of participation Participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any either of the following events occur: (1i) if there is a Termination for Cause; or (ii) if the Participant's ’s employment with the Company is terminated prior to Normal Retirement Age for reasons other than Disability (except as set forth in 2.4(B)) or a leave of absence approved by the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this AgreementCompany. In the event that the Company decides to maintain the Policy after the Participant's termination ’s Termination of participation Participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any either of the following events occur: (1x) if there is a Termination for Cause or (y) if the Participant's Participant voluntarily leaves the employment with of the Company is terminated prior the Participant meeting and becomes an employee of or a paid consultant or advisor to any financial institution with a physical operating presence within 50 miles of any physical office of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this AgreementCompany. In the event that the Company decides to maintain the Policy after the Participant's ’s termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.

Termination of Participation. A Participant's ’s rights under this Plan shall cease and his or her participation in this Plan shall terminate if any of the following events occur: (1) the Participant's employment with the Company is terminated prior the Participant meeting any of the criteria for a Vested Insurance Benefit under section 5.1; (2) the Participant's Insured’s employment with the Company is Terminated for Cause; or (3) the Plan or any Participant's rights under the Plan are terminated in accordance with Section 12.1 of this Agreement. In the event that the Company decides to maintain the Policy after the Participant's ’s termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.