Common use of Termination of Benefits Clause in Contracts

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 54 contracts

Samples: Employment Agreement (Landmark Bancorp Inc), Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (MidWestOne Financial Group, Inc.)

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Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company Employer shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 22 contracts

Samples: Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc)

Termination of Benefits. Except as otherwise provided in Section 2 above or as may be required by lawthis Agreement, Executive’s participation in Employer’s employee benefits, bonus, and all employee benefit (pension and welfare) and other compensation plans of the Company shall cease as of or commission plans, will terminate on the Termination Date, unless otherwise provided by law, or benefit plan. Nothing contained herein Executive shall limit receive no compensation or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date benefits under any applicable tax-qualified pension or other such plans, pursuant to the terms except as specifically provided in Section 2 of the applicable planthis Agreement.

Appears in 9 contracts

Samples: Separation Agreement and Release (DiaMedica Therapeutics Inc.), Employment Agreement (DiaMedica Therapeutics Inc.), Separation Agreement and Release (DiaMedica Therapeutics Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, the Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination DateDate of Termination. Nothing contained herein shall limit or otherwise impair the Executive’s right to receive pension or similar benefit payments that are vested as of the Date of Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 6 contracts

Samples: Employment Agreement Cancellation Agreement (County Bancorp, Inc.), Employment Agreement (County Bancorp, Inc.), Employment Agreement (County Bancorp, Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s 's participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s 's right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 6 contracts

Samples: Employment Agreement (Trinity Capital Corp), Employment Agreement (Trinity Capital Corp), Employment Agreement (West Bancorporation Inc)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, ExecutiveEmployee’s participation in all employee benefit (pension and welfare) and compensation plans of the Company Employer shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair ExecutiveEmployee’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 4 contracts

Samples: Change in Control Agreement (MidWestOne Financial Group, Inc.), Employee Covenant Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

Termination of Benefits. Except as provided in Section 2 1 above or as may be required by law, the Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination DateDate of Termination. Nothing contained herein shall limit or otherwise impair the Executive’s right to receive pension or similar benefit payments that are vested as of the Date of Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 2 contracts

Samples: Employment Agreement Cancellation Agreement (County Bancorp, Inc.), Employment Agreement Cancellation Agreement (County Bancorp, Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s continued participation in all employee compensation and other benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Agreement Date. Nothing ; provided that nothing contained herein shall limit or otherwise impair Executive’s right to receive pension pension, welfare or similar benefit payments that which are vested as of the Termination Agreement Date under any applicable tax-qualified pension plan, welfare benefit plan or other tax-qualified or non-qualified benefit plans, pursuant and subject to the terms and conditions of the applicable plan.

Appears in 2 contracts

Samples: Separation and Release Agreement (First Industrial Realty Trust Inc), Separation and Release Agreement (First Industrial Realty Trust Inc)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan. 4.

Appears in 1 contract

Samples: Employment Agreement (MidWestOne Financial Group, Inc.)

Termination of Benefits. Except as provided explicitly in this Section 2 above or as may be required by law4, Executive’s participation in all compensation and employee benefit (pension plans, programs, policies, agreements and welfare) and compensation plans arrangements of the Company Employer shall cease as of the Termination Retirement Date. Nothing However, nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Retirement Date under any applicable tax-qualified pension or other tax-qualified or non-qualified benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Retirement Transition Agreement (Lakeland Financial Corp)

Termination of Benefits. Except as otherwise provided in Section 2 above or as may be required by lawthis Agreement, Executive’s continued participation in all employee compensation and other benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Agreement Date. Nothing ; provided that nothing contained herein shall limit or otherwise impair Executive’s right to receive pension pension, welfare or similar benefit payments that which are vested as of the Termination Agreement Date under any applicable tax-qualified pension plan, welfare benefit plan or other tax-qualified or non-qualified benefit plans, pursuant and subject to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation and Release Agreement (First Industrial Realty Trust Inc)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s 's participation in all employee benefit (pension and welfare) and compensation plans of the Company Bank shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s 's right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Appears in 1 contract

Samples: Employment Agreement (Trinity Capital Corp)

Termination of Benefits. Except as provided in Section 2 above or as may be required by lawabove, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Date. Nothing However, nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Date under any applicable taxtax qualified retirement or pension plan or other tax qualified or non-qualified pension or other benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation Agreement and Release (Huron Consulting Group Inc.)

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Termination of Benefits. Except as provided in Section 2 above or as may be required by law3 above, the Executive’s participation in all Company employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair the Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Date under any applicable tax-tax qualified pension or other tax qualified or non-qualified benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation Agreement (Broadwind Energy, Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease ceased as of the Termination Date. Nothing contained herein Except as specifically set forth herein, this Agreement shall not limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, plans pursuant to the terms of the applicable plan.

Appears in 1 contract

Samples: Separation and Release Agreement (First Clover Leaf Financial Corp.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law3 above, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Date under any applicable tax-tax qualified pension or other tax qualified or non-qualified benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation Agreement (Broadwind Energy, Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by lawabove, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Separation Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Separation Date under any applicable tax-tax qualified pension or other tax qualified or non-qualified benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation Agreement and Release (Broadwind Energy, Inc.)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law, Executive’s continued participation in all employee compensation and other benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Retirement Date. Nothing ; provided that nothing contained herein shall limit or otherwise impair Executive’s right to receive pension pension, welfare or similar benefit payments that which are vested as of the Termination Retirement Date under any applicable tax-qualified pension plan, welfare benefit plan or other tax-qualified or non-qualified benefit plans, pursuant and subject to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Retirement Agreement (BankFinancial CORP)

Termination of Benefits. Except as provided in Section 2 above or as may be required by law3 above, the Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair the Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Date under any applicable tax-tax qualified pension or other tax qualified or non-qualified benefit plans, pursuant to the terms and conditions of the applicable plan.

Appears in 1 contract

Samples: Separation Agreement (Broadwind Energy, Inc.)

Termination of Benefits. Except as specifically provided in Section 2 above this Agreement with respect to plans or as may be required by lawarrangements specifically identified in this Agreement, the Executive’s continued participation in all employee benefit (pension and welfare) and compensation plans of the Company shall will cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that which are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable planbenefit plan (whether or not tax-qualified).

Appears in 1 contract

Samples: Separation and Settlement Agreement (Mb Financial Inc /Md)

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