Termination for Which No Benefits Are Payable Clause Example with 4 Variations from Business Contracts

This page contains Termination for Which No Benefits Are Payable clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination for Which No Benefits Are Payable. Despite anything in this Agreement to the contrary, the Executive shall be entitled to no benefits under this Agreement if the Executive's employment terminates with Cause, if the Executive dies while actively employed by the Bank, or if the Executive becomes totally disabled while actively employed by the Bank. For purposes of this Agreement, the term "totally disabled" means that because of injury or sickness the Executive is unable to perform the Executive's duties. The benefits, if any, paya...ble to the Executive or the Executive's beneficiary or estate relating to the Executive's death or disability shall be determined solely by such benefit plans or arrangements as the Bank may have with the Executive relating to death or disability, not by this Agreement. View More
Found in Beneficial Bancorp Inc. contract

Variations of a "Termination for Which No Benefits Are Payable" Clause from Business Contracts

Termination for Which No Benefits Are Payable. Despite anything in this Agreement to the contrary, the Executive shall be entitled to no benefits under this Agreement if the Executive's employment terminates with Cause, if the Executive dies while actively employed by Middlefield or a subsidiary prior to the Bank, occurrence of an event which would require a payment under this Agreement, or if the Executive becomes totally disabled while actively employed by the Bank. Middlefield or a subsidiary. For purposes of this Agreement, the term "tot...ally disabled" totally disabled means that because of injury or sickness the Executive is unable to perform the Executive's duties. The benefits, if any, payable to the Executive or the Executive's beneficiary or estate relating to the Executive's death or disability shall be determined solely by such benefit plans or arrangements as the Bank Middlefield or subsidiary may have with the Executive relating to death or disability, not by this Agreement. View More
Found in MIDDLEFIELD BANC CORP contract
Termination for Which No Benefits Are Payable. Despite anything in this Agreement to the contrary, the Executive shall be entitled to no benefits under this Agreement if the Executive's employment terminates with Cause, if the Executive dies while actively employed by the Bank, Middlefield or a subsidiary, or if the Executive becomes totally disabled while actively employed by the Bank. Middlefield or a subsidiary. For purposes of this Agreement, the term "totally disabled" totally disabled means that because of injury or sickness the Execut...ive is unable to perform the Executive's duties. The benefits, if any, payable to the Executive or the Executive's beneficiary or estate relating to the Executive's death or disability shall be determined solely by such benefit plans or arrangements as the Bank Middlefield or subsidiary may have with the Executive relating to death or disability, not by this Agreement. View More
Found in MIDDLEFIELD BANC CORP contract
Termination for Which No Benefits Are Payable. Despite anything in this Agreement to the contrary, the Executive shall be entitled to no benefits under this Agreement if the Executive's employment terminates with Cause, if the Executive dies while actively employed by the Bank, or if the Executive becomes totally disabled while actively employed by the Bank. For purposes of this Agreement, the term "totally disabled" means that because of injury or sickness the Executive is unable to perform the Executive's duties. employment is terminated p...rior to a Change in Control or the Executive's employment is terminated with Cause. The benefits, if any, payable to the Executive or the Executive's beneficiary or estate relating to the Executive's death or disability shall be determined solely by such benefit plans or arrangements as the Bank may have with the Executive relating to death or disability, death, not by this Agreement. View More
Found in COMMUNITY FINANCIAL CORP contract
Termination for Which No Benefits Are Payable. Despite anything in this Agreement to the contrary, the Executive shall be entitled to no benefits under this Agreement if the Executive's employment terminates with Cause, if the Executive dies while actively employed by the Bank, or if the Executive becomes totally disabled while actively employed by the Bank. Bank or if the Executive 3 is offered and declines a Comparable Position, as defined in Section 1(e)(i) of this Agreement. For purposes of this Agreement, the term "totally disabled" mea...ns that because of injury or sickness the Executive is unable to perform the Executive's duties. The benefits, if any, payable to the Executive or the Executive's beneficiary or estate relating to the Executive's death or disability shall be determined solely by such benefit plans or arrangements as the Bank may have with the Executive relating to death or disability, not by this Agreement. View More
Found in Beneficial Mutual Bancorp Inc contract