Termination Without Cause; Resignation for Good Reason. (a) Notwithstanding the provisions of Section 1 hereof, the Board of Directors of the Corporation may, without Cause (as hereafter defined), terminate the Executive's employment under this Agreement at any time in any lawful manner by giving not less than thirty (30) days written notice to the Executive. The Executive may resign for Good Reason (as hereafter defined) at any time by giving not less than thirty (30) days written notice to the Corporation. If the Corporation terminates the Executive's employment without Cause or the Executive resigns for Good Reason, then in either event:
Appears in 6 contracts
Samples: Agreement and Plan of Reorganization and Merger (Village Bank & Trust Financial Corp.), Employment Agreement (Premier Community Bankshares Inc), Employment Agreement (Village Bank & Trust Financial Corp.)
Termination Without Cause; Resignation for Good Reason. (a) Notwithstanding the provisions of Section 1 hereof, the Board of Directors of the Corporation may, without Cause (as hereafter defined), terminate the Executive's employment under this Agreement at any time in any lawful manner by giving not less than thirty (30) days written notice to the Executive. The Executive may resign for Good Reason (as hereafter defined) at any time by giving not less than thirty (30) days written notice to the Corporation. If the Corporation terminates the Executive's employment without Cause or the Executive resigns for Good ReasonReason before or after a Change of Control (as hereafter defined), then in either event:
Appears in 4 contracts
Samples: Employment Agreement (Atlantic Financial Corp), Employment Agreement (Atlantic Financial Corp), Employment Agreement (Atlantic Financial Corp)
Termination Without Cause; Resignation for Good Reason. (a) Notwithstanding the provisions of Section 1 hereof, the Board of Directors of the Corporation may, without Cause (as hereafter defined), terminate the Executive's ’s employment under this Agreement at any time in any lawful manner by giving not less than thirty (30) days written notice to the Executive. The Executive may resign for Good Reason (as hereafter defined) at any time by giving not less than thirty (30) days written notice to the Corporation. If the Corporation terminates the Executive's ’s employment without Cause or the Executive resigns for Good Reason, then in either event:
Appears in 4 contracts
Samples: Employment Agreement (Southern Community Financial Corp.), Employment Agreement (United Bankshares Inc/Wv), Employment Agreement (Premier Community Bankshares Inc)
Termination Without Cause; Resignation for Good Reason. (a) Notwithstanding the provisions of Section 1 hereof, the The Board of Directors of the Corporation may, without Cause (as hereafter defined), terminate the Executive's employment under this Agreement at any time in any lawful manner by giving not less than thirty (30) days written notice to the Executive. The Executive may resign for Good Reason (as hereafter defined) at any time by giving not less than thirty (30) days written notice to the Corporation. If the Corporation terminates the Executive's employment without Cause or the Executive resigns for Good Reason, then in either event:
Appears in 1 contract
Samples: Employment Agreement (Southern Financial Bancorp Inc /Va/)
Termination Without Cause; Resignation for Good Reason. (a) Notwithstanding the provisions of Section 1 hereof, the Board of Directors of the Corporation may, without Cause (as hereafter defined), terminate the Executive's employment under this Agreement at any time in any lawful manner by giving not less than thirty (30) days written notice to the Executive. The Executive may resign for Good Reason (as hereafter defined) at any time by giving not less than thirty (30) days written notice to the Corporation. If the Corporation terminates the Executive's employment without Cause or the Executive resigns for Good Reason, then in either event:: 3NEXT PAGE
Appears in 1 contract
Samples: Employment Agreement (Community Financial Corp /Va/)
