Common use of Basic Severance Benefit Clause in Contracts

Basic Severance Benefit. If the Company, or any related entity or successor entity terminates the Employee’s employment with the Company for any reason, without “Cause”, the Employee shall be entitled to a Basic Severance Benefit equal to payment of the Employee’s Base Compensation for a period of six (6) months.

Appears in 2 contracts

Samples: Severance Agreement (Community Partners Bancorp), Amended and Restated Severance Agreement (Community Partners Bancorp)

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Basic Severance Benefit. If the Company, or any related entity or successor entity terminates the Employee’s 's employment with the Company for any reason, without "Cause", the Employee shall be entitled to a Basic Severance Benefit equal to payment of the Employee’s 's Base Compensation for a period of six (6) months.

Appears in 2 contracts

Samples: Severance Agreement (Community Partners Bancorp), Severance Agreement (Community Partners Bancorp)

Basic Severance Benefit. If the Company, or any related entity or successor entity terminates the Employee’s 's employment with the Company for any reason, without "Cause", the Employee shall be entitled to a Basic Severance Benefit equal to payment of the Employee’s 's Base Compensation Salary for a period of six (6) 12 months.

Appears in 1 contract

Samples: Severance Agreement (Vista Bancorp Inc)

Basic Severance Benefit. If the Company, or any related entity or successor entity terminates the Employee’s 's employment with the Company for any reason, without "Cause", the Employee shall be entitled to a Basic Severance Benefit equal to payment of the Employee’s 's Base Compensation Salary for a period of six (6) 24 months.

Appears in 1 contract

Samples: Severance Agreement (Vista Bancorp Inc)

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Basic Severance Benefit. If the Company, or any related entity or successor entity terminates the Employee’s EmpIoyee's employment with the Company for any reason, without "Cause", the Employee shall be entitled to a Basic Severance Benefit equal to payment of the Employee’s 's Base Compensation for a period of six (6) months.

Appears in 1 contract

Samples: Severance Agreement (Community Partners Bancorp)

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