Resignation by Executive without Good Reason. Executive may resign from employment during the Term without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the Date of Termination upon receipt of written notice of Executive’s resignation. In the event Executive resigns without Good Reason, the Bank’s sole obligation under this Agreement will be to pay or provide to Executive any Accrued Obligations.
Appears in 2 contracts
Samples: Employment Agreement (Bogota Financial Corp.), Employment Agreement (Bogota Financial Corp.)
Resignation by Executive without Good Reason. Executive may resign from employment during the Term term of this Agreement without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the Date date of Termination termination upon receipt of written notice of Executive’s resignation. In the event Executive resigns without Good Reason, the Bank’s sole obligation under this Agreement will be to pay or provide to Executive any Accrued Obligations.
Appears in 2 contracts
Samples: Employment Agreement (Rhinebeck Bancorp, Inc.), Employment Agreement (Rhinebeck Bancorp, Inc.)
Resignation by Executive without Good Reason. Executive may resign from employment during the Term term of this Agreement without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the Date date of Termination termination upon receipt of written notice of Executive’s 's resignation. In the event Executive resigns without Good Reason, the Bank’s 's sole obligation under this Agreement will be to pay or provide to Executive any Accrued Obligations.
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