Employment with Employer Sample Clauses

Employment with Employer. Employer agrees that it will employ Executive as its Executive Vice President, Materials Division or in such other capacity as determined by Employer's Officers to whom the Executive reports or Employer's Supervisory Board of Directors. MTBV agrees that it has elected Executive as a member of the Board of Directors of Employer.
Sample 1See All (6)
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Employment with Employer. Employer employs Employee under the terms of this Agreement as of the Initial Date as Executive Vice President and Chief Financial Officer of Employer. Employee shall be expected to perform such services as are generally performed by the Executive Vice President and Chief Financial Officer of a community, commercial bank. Employee shall comply fully with all policies and procedures established, and all lawful directives given, from time to time, by the Board or the Chief Executive Officer.
Sample 1Sample 2See All (4)
Employment with Employer. Employer employs Employee under the terms of this Agreement as of the Initial Date as Senior Vice President and Senior Loan Officer of Employer. Employee shall be expected to perform such services as are generally performed by the senior vice president and senior loan officer of a community, commercial bank. Employee shall comply fully with all policies and procedures established, and all directives given, from time to time, by the Bank Board or by the Board and/or superior officer(s) of either Employer or MainStreet, as the same may be established from time to time by Employer or MainStreet, and shall comply with all laws, rules and regulations applicable to Employee or his conduct as an officer of Employee.
Sample 1
Employment with Employer. Employer employs Employee under the terms of this Agreement as of the Initial Date as President and Chief Executive Officer of Employer. Employee shall be expected to perform such services as are generally performed by the president and chief executive officer of a community, commercial bank. Employee shall comply fully with all policies and procedures applicable to employees of the Employer generally or to Employee specifically, and all directives given, from time to time, by the Bank Board or other superior authority, as the same may be established from time to time, by Employer and with all laws, rules and regulations applicable to Employee or his conduct as an officer of Employer.
Sample 1
Employment with Employer. Employer agrees that, as of the Effective Time, it will employ Executive as its Senior Vice President and Chief Financial Officer or in such other capacity as determined by Employer’s Officers to whom the Executive reports or Employer’s Supervisory Board of Directors, as a regular full-time employee. MTNV agrees that it has elected Executive as a member of the Board of Directors of Employer.
Sample 1

Related to Employment with Employer

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Termination of Employment with Severance Benefits (a) The Executive shall be entitled to the severance benefits described in section 9(b) in the event that:

  • Termination Because of Death or Total Disability If the Executive’s employment is terminated by reason of the Executive’s death or Total Disability during the Post-Change in Control Period, this Agreement shall terminate automatically without further obligations to the Executive or his or her legal representatives under this Agreement, other than for payment of Accrued Obligations (which shall be paid to the Executive’s estate or beneficiary, as applicable in the case of the Executive’s death).

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Termination Because of Death or Disability If Participant is Terminated because of death or Disability of Participant, the Option, to the extent that it is exercisable by Participant on the date of Termination, may be exercised by Participant (or Participant's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Termination of Employment Due to Retirement In the event of the Retirement of the Participant after nine months of the Performance Cycle have elapsed, the Participant’s Performance Units shall be settled based on the performance for the Performance Cycle and payable on a pro-rata basis as determined and certified by the Board after the close of the Performance Cycle as described below. Subject to the negative discretion of the Board, the Participant will be entitled to receive a payment equal to the product of (i) the pro-rata vesting percentage equal to the days of Participant’s Employment during the Performance Cycle divided by the total days in the Performance Cycle and (ii) the Payout Value. Such payment shall be made as soon as administratively feasible following the Board’s determination under Paragraph 2 and, in all cases, the payment shall be made within the first calendar year following the end of the Performance Cycle. If, in accordance with the Board’s determination under Paragraph 2, the Payout Value is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units pursuant to this Paragraph 6 and the making of the related cash payment, if any, the rights of the Participant and the obligations of the Company under this Award Agreement shall be satisfied in full. The death of the Participant following Retirement but prior to the close of the Performance Cycle shall have no effect on this Paragraph 6.

  • Termination of Employment Without Cause At any time during the Term of Employment under this Agreement, either Arrow or the Bank may effect, pursuant to this Paragraph 7(b), and in accordance with the requirements set forth in Paragraph 11(gg) below, a Termination of Employment of Executive without Cause, provided, however, that any attempt to do so under circumstances that would also qualify such Termination of Employment as a Termination of Employment of Executive without Cause under Paragraph 6(a) of this Agreement, that is, as a Termination of Employment of Executive without Cause following a Change in Control that meets the conditions set forth in Paragraph 6(a), will be deemed a Termination of Employment of Executive without Cause under Paragraph 6(a), and not a Termination of Employment of Executive without Cause under this Paragraph 7(b). In the event of a Termination of Employment of Executive without Cause under this Paragraph 7(b), on the effective date of such Termination of Employment, and subject to the satisfaction of the conditions specified below in Section 8, Arrow or the Bank shall pay to the Executive, and the Executive shall be entitled to receive, one (1) lump sum payment in a dollar amount equal to the greater of (i) the total amount of Base Salary payments which would have been payable to the Executive during the period extending from such effective date until the normal expiration date of Employment under this Agreement as in effect at such time, had there been no early Termination of Employment of Executive without Cause (and assuming the Executive otherwise would have remained employed throughout such period and that his Base Salary would have remained unchanged throughout such period), or (ii) an amount equal to one hundred percent (100%) of the current Base Salary of the Executive on the effective date of such Termination of Employment.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

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