Common use of Without Cause; Good Reason Clause in Contracts

Without Cause; Good Reason. If the Bank shall terminate Executive's employment without Cause (including the cessation of employment as a result of the Bank's non-renewal or expiration of this Agreement) or Executive shall terminate employment for Good Reason (which shall not include the cessation of employment as a result of the Executive's non-renewal or expiration of this Agreement), Executive shall be entitled to the Accrued Obligations (as defined in Section 6(a)) and, subject to Executive's signing, delivering and not revoking the Release attached as Exhibit A, which Release must be signed, delivered and not revoked within the period set forth in the Release, the following:

Appears in 3 contracts

Samples: Employment Agreement (Old Point Financial Corp), Employment Agreement (Old Point Financial Corp), Employment Agreement (Old Point Financial Corp)

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Without Cause; Good Reason. If the Bank Trust Company shall terminate Executive's employment without Cause (including the cessation of employment as a result of the BankTrust Company's non-renewal or expiration of this Agreement) or Executive shall terminate employment for Good Reason (which shall not include the cessation of employment as a result of the Executive's non-renewal or expiration of this Agreement), Executive shall be entitled to the Accrued Obligations (as defined in Section 6(a)) and, subject to Executive's signing, delivering and not revoking the Release attached as Exhibit A, which Release must be signed, delivered and not revoked within the period set forth in the Release, the following:

Appears in 1 contract

Samples: Employment Agreement (Old Point Financial Corp)

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