Payments Upon Termination. (a) If the Executive’s employment is terminated because of death, disability or for Cause, the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and the Bank shall have no further obligation to the Executive under this Agreement.
Appears in 4 contracts
Samples: Executive Employment Agreement (CB Financial Services, Inc.), Incentive Stock Option Agreement (CB Financial Services, Inc.), Executive Employment Agreement (CB Financial Services, Inc.)
Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, the Bank shall pay the Executive or his fiduciary his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Codorus Valley Bancorp Inc), Employment Agreement (Cardinal Bancorp Inc /Pa), Employment Agreement (Codorus Valley Bancorp Inc)
Payments Upon Termination. (a) If the Executive’s employment is shall be terminated because of death, disability or for Cause, the Bank shall pay the Executive or his fiduciary his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination termination, plus any accrued benefits at the time of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Codorus Valley Bancorp Inc), Employment Agreement (Codorus Valley Bancorp Inc)
Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, or this Agreement is not renewed by the Bank and the Corporation, the Bank and/or Corporation shall pay the Executive or his estate his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination minus applicable taxes and withholdings and any other amounts owing to the Executive at the date of termination, and the Bank and/or Corporation shall have no further obligation obligations to the Executive under this Agreement.
Appears in 2 contracts
Samples: Executive Employment Agreement (Acnb Corp), Executive Employment Agreement (Acnb Corp)
Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and any other amounts owing to Executive at the date of termination, and the Bank shall have no further obligation obligations to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of deathhis death (paragraph 11a), disability (11b) or for CauseCause (11c), the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and any other amounts owing to the Executive at the date of termination, and the Bank shall have no further obligation obligations to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or disability, for Cause, or by the Bank Executive for other than Good Reason, the Corporation shall pay the Executive or his fiduciary his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and the Corporation and Bank shall have no further obligation to the Executive under this Agreement. In the event of death or disability termination, the Executive shall receive Annual Direct Salary through the end of the month of such termination.
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Samples: Employment Agreement (Union National Financial Corp / Pa)
Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, or by termination of the Agreement through nonrenewal, the Bank and/or Corporation shall pay the Executive or his estate his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and any other amounts owing to the Executive at the date of termination, and the Bank and/or Corporation shall have no further obligation obligations to the Executive under this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Peoples Financial Corp Inc /Pa/)
Payments Upon Termination. (a) If the Executive’s employment is shall be terminated because of death, disability or for CauseCause or if Executive voluntarily terminates his employment without “Good Reason”, the Bank shall pay the Executive or his fiduciary his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination termination, plus any accrued benefits at the time of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, the Bank shall pay the Executive or his fiduciary his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination termination, plus any accrued benefits at the time of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of deathhis death (paragraph 11a), disability (11b), or for CauseCause (11c), the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and any other amounts owing to the Executive at the date of termination, and the Bank shall have no further obligation obligations to the Executive under this Agreement.
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Payments Upon Termination. (a) If the Executive’s 's employment is shall be terminated because of death, disability or for Cause, the Corporation and the Bank shall pay the Executive his full Annual Direct Salary through the date of termination at the rate in effect at the time of termination and any other amounts owing to Executive at the date of termination, and the Corporation and the Bank shall have no further obligation obligations to the Executive under this Agreement.
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