Common use of Voluntary Termination by Employee Clause in Contracts

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 16 contracts

Samples: Employment Agreement (Newsouth Bancorp Inc), Employment Agreement (Kentucky First Federal Bancorp), Agreement (Ez Bancorp Inc)

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Voluntary Termination by Employee. Subject to Section 12 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply)termination.

Appears in 6 contracts

Samples: Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (1855 Bancorp)

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank Company during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 6 contracts

Samples: Employment Agreement (Rocky Ford Financial Inc), Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of Directorsnotice, in which case the Term of Employment shall end and the Bank shall pay to the Employee shall receive only his compensation, vested rights and employee benefits up an amount equal to the (a) base salary or other compensation earned through the date of his termination plus (unless such termination occurs pursuant to Section 10(db) hereof or within any other compensation and benefits as may be provided in accordance with the Protected Period, in Section 12(a) hereof, in which event terms and provisions of any applicable benefit plans and programs of the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply)Bank.

Appears in 6 contracts

Samples: Employment Agreement (Tri County Financial Corp /Md/), Employment Agreement (Tri County Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/)

Voluntary Termination by Employee. Subject to Section 12 12(a)(ii) hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 5 contracts

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

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate his employment with the Bank during the term of this AgreementTerm, upon at least 90 60 days' prior written notice to the Board of Directorsnotice, in which case the Term shall end and the Bank shall pay to the Employee shall receive only his compensation, vested rights and employee benefits up an amount equal to the (a) base salary or other compensation earned through the date of his termination of employment, plus (unless such termination occurs pursuant to Section 10(db) hereof or within any other compensation and benefits as may be provided in accordance with the Protected Period, in Section 12(a) hereof, in which event terms and provisions of any applicable benefit plans and programs of the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply)Bank.

Appears in 5 contracts

Samples: Employment Agreement (Community Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a9(d)(2) hereof, in which event the benefits and compensation provided for in Sections 10(dsection 9(d) or 12, as applicable, shall apply).

Appears in 5 contracts

Samples: Employment Agreement (River Valley Bancorp), Employment Agreement (River Valley Bancorp), Employment Agreement (River Valley Bancorp)

Voluntary Termination by Employee. Subject to Section 12 10 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensationbase salary, bonuses, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a10(b) hereof, in which event the benefits benefits, bonuses and compensation base salary provided for in Sections 10(dSection 10(a) or 12, as applicable, shall apply).

Appears in 4 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank Company during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits up to the date of his her termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 3 contracts

Samples: Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a9(d)(2) hereof, in which event the benefits and compensation provided for in Sections 10(dsection 9(d) or 12, as applicable, shall apply).

Appears in 3 contracts

Samples: Employment Agreement (River Valley Bancorp), Employment Agreement (River Valley Bancorp), Employment Agreement (River Valley Bancorp)

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Period pursuant to Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 2 contracts

Samples: Employment Agreement (North Arkansas Bancshares Inc), Employment Agreement (North Arkansas Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank Company during the term of this Agreement, upon at least 90 days' days prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights rights, and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 2 contracts

Samples: Employment Agreement (Newsouth Bancorp Inc), Employment Agreement (First South Bancorp Inc /Va/)

Voluntary Termination by Employee. Subject to Section Sections 12 and 13 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, in Section 12(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 2 contracts

Samples: Employment Agreement (Cumberland Mountain Bancshares Inc), Employment Agreement (Cumberland Mountain Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate her employment with the Bank during the term of this AgreementTerm, upon at least 90 60 days' prior written notice to the Board of Directorsnotice, in which case the Term shall end and the Bank shall pay to the Employee shall receive only his compensation, vested rights and employee benefits up an amount equal to the (a) base salary or other compensation earned through the date of his her termination of employment, plus (unless such termination occurs pursuant to Section 10(db) hereof or within any other compensation and benefits as may be provided in accordance with the Protected Period, in Section 12(a) hereof, in which event terms and provisions of any applicable benefit plans and programs of the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply)Bank.

Appears in 2 contracts

Samples: Employment Agreement (Community Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/)

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits up to the date of his her termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 2 contracts

Samples: Extension Agreement (Eagle Bancshares Inc), Tucker Federal (Eagle Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 hereof, the ----------------------------------- Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits up to the date of his her termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, Period in Section 12(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Illinois Community Bancorp Inc)

Voluntary Termination by Employee. Subject to Section 12 hereof, the The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' days prior written notice to the Company Board of Directorsand the Bank Board, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Cooperative Bankshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the --------------------------------- Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 13(a)(ii) hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d11(d)(2) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d11(d) or 1213, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Norwood Financial Corp)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, in which event the benefits and compensation provided for in Sections 10(dSection 9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Agreement (Firstfed Bancorp Inc)

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Voluntary Termination by Employee. Subject to Section 12 --------------------------------- 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Heartland Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of DirectorsBoard, in which case event the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(e)(2) hereof or or, within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d10(e) or 1212(b), as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Fairmount Bancorp, Inc.)

Voluntary Termination by Employee. Subject to Section 12 hereof, the The Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' days prior written notice to the Company Board of Directorsthe Bank Board, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

Voluntary Termination by Employee. Subject to Section 12 12(a)(ii) hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Norwood Financial Corp)

Voluntary Termination by Employee. Subject to Section 12 13 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d11(e) hereof or within the Protected Period, Period in Section 12(a13(a) hereof, in which event the benefits and compensation provided for in Sections 10(d11(d) or 1213, as applicable, shall apply).

Appears in 1 contract

Samples: Agreement (Glen Burnie Bancorp)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, in which event events the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Patapsco Bancorp Inc)

Voluntary Termination by Employee. Subject to Section 12 11 --------------------------------- hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits up to the date of his her termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, --------------------------------- the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of Directors, in which case the Employee employee shall receive only his his/her compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply)his/her termination.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

Voluntary Termination by Employee. Subject to Section 12 11 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his her compensation, vested rights and employee benefits up to the date of his her termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Bancorp Inc)

Voluntary Termination by Employee. Subject to Section Sections 12 and 13 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, Section 12 shall apply).

Appears in 1 contract

Samples: Employment Agreement (Community National Corp /Tn)

Voluntary Termination by Employee. Subject to Section 12 hereof, ---------------------------------- the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, Period in Section 12(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

Voluntary Termination by Employee. Subject to Section 12 11 --------------------------------- hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 60 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d9(d)(2) hereof or within the Protected Period, time period set forth in Section 12(a11(a) hereof, in which event the benefits and compensation provided for in Sections 10(dthe Section 9(d) or 1211, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (Flagstar Bancorp Inc)

Voluntary Termination by Employee. Subject to Section 12 hereof, the ----------------------------------- Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 ninety (90) days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d10(d)(2) hereof or within the Protected Period, Period in Section 12(a) hereof, hereof in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

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