Common use of Specificity Clause in Contracts

Specificity. Any termination of the Employee's employment by the Company or by Employee shall be communicated by written notice of termination to the other party hereto. For purposes of this Agreement, a "notice of termination" shall mean a dated notice which shall: (i) indicate the specific termination provision in the Agreement relied upon; (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee's employment under the provision so indicated; and (iii) set forth the date of termination, which shall be not less than thirty (30) days nor more than forty-five (45) days after such notice of termination is given, except in the case of termination of the Employee's employment for just cause, in which case date of termination shall be the date such notice of termination is given.

Appears in 4 contracts

Samples: Employment Agreement (PSB Bancgroup Inc), Employment Agreement (PSB Bancgroup Inc), Employment Agreement (PSB Bancgroup Inc)

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Specificity. Any termination of the Employee's employment by the Company Bank or by Employee shall be communicated by written notice Notice of termination Termination to the other party Party hereto. For purposes of this Agreement, a "notice Notice of termination" Termination shall mean a dated notice which shall: (i) indicate the specific termination provision in the Agreement relied upon; (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee's employment under the provision so indicated; and (iii) set forth the date of termination, which shall be not less than thirty (30) days nor more than forty-five (45) days after such notice Notice of termination Termination is given, except in the case of the Bank's termination of the Employee's employment for just causeJust Cause, in which case date of termination shall be the date such notice Notice of termination Termination is given.

Appears in 2 contracts

Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/), Employment Agreement (Jacksonville Bancorp Inc /Fl/)

Specificity. Any termination of the Employee's employment by the Company Bank or by Employee shall be communicated by written notice of termination to the other party Party hereto. For purposes of this Agreement, a "notice of termination" shall mean a dated notice which shall: (i) indicate the specific termination provision in the Agreement relied upon; (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee's employment under the provision so indicated; and (iii) set forth the date of termination, which shall be not less than thirty (30) days nor more than forty-five (45) days after such notice of termination is given, except in the case of the Bank's termination of the Employee's employment for just causeCause, in which case date of termination shall be the date such notice of termination is given.

Appears in 2 contracts

Samples: Employment Agreement (PSB Bancgroup Inc), Employment Agreement (PSB Bancgroup Inc)

Specificity. Any termination of the Employee's employment by the Company Bank or by Employee shall be communicated by written notice of termination Notice Of Termination to the other party Party hereto. For purposes of this Agreement, a "notice of termination" Notice Of Termination shall mean a dated notice which shall: (i) indicate the specific termination provision in the Agreement relied upon; (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee's employment under the provision so indicated; and (iii) set forth the date of termination, which shall be not less than thirty (30) days nor more than forty-five (45) days after such notice of termination Notice Of Termination is given, except in the case of the Bank's termination of the Employee's employment for just causeJust Cause, in which case date of termination shall be the date such notice of termination Notice Of Termination is given.

Appears in 1 contract

Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/)

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Specificity. Any termination of the Employee's employment by the Company Bank or by Employee shall be communicated by written notice of termination to the other party hereto. For purposes of this Agreement, a "notice of termination" shall mean a dated notice which shall: (i) indicate the specific termination provision in the Agreement relied upon; (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee's employment under the provision so indicated; and (iii) set forth the date of termination, which shall be not less than thirty (30) days nor more than forty-five (45) days after such notice of termination is given, except in the case of the Bank's termination of the Employee's employment for just cause, in which case date of termination shall be the date such notice of termination is given.

Appears in 1 contract

Samples: Employment Agreement (Madison Bancshares Inc)

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