Common use of Termination Without Cause or With Good Reason Clause in Contracts

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of Directors, terminate his employment at any time within ninety (90) days following an event constituting “Good Reason” (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination employment described under this Section 4(f)(i) during the Term and subject to the requirements of Section 4(f)(iii), the Bank will pay or provide the Executive the following:

Appears in 8 contracts

Samples: Employment Agreement (Texas Community Bancshares, Inc.), Employment Agreement (Central Plains Bancshares, Inc.), Employment Agreement (VWF Bancorp, Inc.)

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Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of DirectorsBoard, terminate his employment this Agreement at any time within ninety (90) 90 days following an event constituting “Good Reason,as defined below (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) 30 days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination employment as described under this Section 4(f)(i4(e)(i) during the Term and subject to the requirements of Section 4(f)(iii4(e)(iii), the Bank will pay or provide the Executive with the following:

Appears in 6 contracts

Samples: Employment Agreement (Rhinebeck Bancorp, Inc.), Employment Agreement (Pioneer Bancorp, Inc./Md), Employment Agreement (Rhinebeck Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of DirectorsBoard, terminate his employment this Agreement at any time within ninety (90) 90 days following an event constituting “Good Reason,as defined below (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) 30 days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination employment as described under this Section 4(f)(i4(e)(i) during the Term and subject to the requirements of Section 4(f)(iii4(e)(iii), the Bank will pay or provide the Executive with the following:

Appears in 5 contracts

Samples: Employment Agreement (Marathon Bancorp, Inc. /MD/), Employment Agreement (Marathon Bancorp, Inc. /MD/), Employment Agreement (Bogota Financial Corp.)

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of Directors, terminate his employment at any time within ninety (90) days following an event constituting “Good Reason” (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination of employment described under this Section 4(f)(i) during the Term and subject to the requirements of Section 4(f)(iii), the Bank will pay or provide the Executive the following:

Appears in 3 contracts

Samples: Employment Agreement (SR Bancorp, Inc.), Employment Agreement (SR Bancorp, Inc.), Employment Agreement (SR Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of Directors, terminate his the Executive’s employment at any time within ninety (90) days following an event constituting “Good Reason” (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination of employment described under this Section 4(f)(i) during the Term and subject to the requirements of Section 4(f)(iii), the Bank will pay or provide the Executive the following:

Appears in 3 contracts

Samples: Employment Agreement (Fifth District Bancorp, Inc.), Employment Agreement (Fifth District Bancorp, Inc.), Employment Agreement (Fifth District Bancorp, Inc.)

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Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of Directors, terminate his her employment at any time within ninety (90) days following an event constituting “Good Reason” (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination employment described under this Section 4(f)(i) during the Term and subject to the requirements of Section 4(f)(iii), the Bank will pay or provide the Executive the following:

Appears in 3 contracts

Samples: Employment Agreement (Texas Community Bancshares, Inc.), Employment Agreement (Texas Community Bancshares, Inc.), Employment Agreement (Texas Community Bancshares, Inc.)

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s 's employment at any time for a reason other than Cause (a termination "Without Cause"), and the Executive may, by written notice to the Board of DirectorsBoard, terminate his employment this Agreement at any time within ninety (90) 90 days following an event constituting "Good Reason," as defined below (a termination "With Good Reason"); provided, however, that the Bank will shall have thirty (30) 30 days to cure the "Good Reason" condition, but the Bank may waive its right to cure. In the event of a termination employment as described under this in Section 4(f)(i4(e)(i) during the Term and subject to the requirements of Section 4(f)(iii4(e)(iii), the Bank will shall pay Executive, or provide in event of Executive's subsequent death, Executive's beneficiary or estate, as the Executive case may be, as severance pay the following, which shall be paid to Executive within 30 days following Executive's date of termination:

Appears in 1 contract

Samples: Employment Agreement (WCF Bancorp, Inc.)

Termination Without Cause or With Good Reason. (i) The Board of Directors may immediately terminate the Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and the Executive may, by written notice to the Board of DirectorsBoard, terminate his employment this Agreement at any time within ninety (90) 90 days following an event constituting “Good Reason,as defined below (a termination “With Good Reason”); provided, however, that the Bank will have thirty (30) 30 days to cure the “Good Reason” condition, but the Bank may waive its right to cure. In the event of a termination employment as described under this Section 4(f)(i4(e)(i) during the Term and subject to the requirements of Section 4(f)(iii4(e)(iii), the Bank will pay or provide the Executive with the following:

Appears in 1 contract

Samples: Employment Agreement (CB Financial Services, Inc.)

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