Common use of Voluntary Termination by the Director Clause in Contracts

Voluntary Termination by the Director. In the event of an Early Voluntary Termination by the Director, (other than pursuant to the terms of Paragraph 4.3A), then he shall forfeit any and all rights and benefits he may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.

Appears in 6 contracts

Samples: Director Retirement Agreement (Santa Lucia Bancorp), Director Retirement Agreement (Santa Lucia Bancorp), Director Retirement Agreement (Santa Lucia Bancorp)

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