Common use of Voluntary Resignation or Termination for Cause Clause in Contracts

Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his employment for other than Good Reason or if the Company shall discharge the Executive for Cause, as defined herein, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid, provided, however, that with respect to any stock options, restricted stock, incentive plans, deferred compensation arrangements, or other plans or programs in which the Executive is participating at the time of termination of his employment, the Executive's rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Executive which may then be in effect. For the purposes of this Agreement, the Company shall have "Cause" to terminate the Executive's employment hereunder upon:

Appears in 8 contracts

Samples: Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc)

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Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his her employment for other than Good Reason or if the Company shall discharge the Executive for Cause, as defined herein, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid, provided, however, that with respect to any stock options, restricted stock, incentive plans, deferred compensation arrangements, or other plans or programs in which the Executive is participating at the time of termination of his her employment, the Executive's rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Executive which may then be in effect. For the purposes of this Agreement, the Company shall have "Cause" to terminate the Executive's employment hereunder upon:

Appears in 3 contracts

Samples: Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc)

Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his employment for other than Good Reason or if the Company shall discharge the Executive for Cause, as defined herein, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid, provided. Provided, however, that with respect to any stock options, restricted stock, incentive plans, deferred compensation arrangements, or other plans or programs in which the Executive is participating at the time of termination of his employment, the Executive's rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Executive which may then be in effect. For the purposes of this Agreement, the Company shall have "Cause" to terminate the Executive's employment hereunder upon:.

Appears in 2 contracts

Samples: Employment Agreement (Golden State Holdings Inc), Employment Agreement (Golden State Bancorp Inc)

Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his employment for other than for Good Reason Reason, or if the Company shall discharge the Executive for Cause, as defined herein, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid, ; provided, however, that with respect to any stock options, restricted stockperformance shares, career equity shares, incentive plans, deferred compensation arrangements, or other plans or programs in which the Executive is participating at the time of termination of his employment, the Executive's rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Executive which may then be in effect. For the purposes of this Agreement, the Company shall have "Cause" to terminate the Executive's employment hereunder upon:question.

Appears in 2 contracts

Samples: Employment Agreement (Aerolink International Inc), Employment Agreement (Aerolink International Inc)

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Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his employment for other than Good Reason Reason, as defined in Section 5(c), or if the Company Companies shall discharge the Executive for Cause, as defined hereinin this Section 5(b), this Agreement shall terminate immediately and the Company Companies shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid, ; provided, however, that with respect to any stock options, restricted stock, incentive plans, deferred compensation arrangements, or other plans or programs in which the Executive is participating at the time of termination of his employment, the Executive's ’s rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Executive which may then be in effect. For the purposes of this Agreement, the Company Companies shall have "Cause" to terminate the Executive's ’s employment hereunder upon:

Appears in 1 contract

Samples: Employment Agreement (Harbor Bankshares Corp)

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