Termination Procedure. 6.1 Notice of Termination. During the Term, any purported termination of the Executive's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with Section 10 hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumst
...ances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, shall mean (i) if the Executive's employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) day period), and (ii) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given).
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of
the Executive's employment
by the Employer or by Executive during the Term (other than
by reason of death) shall termination pursuant to Section 5(a)) will be communicated by
written Notice of Termination
from one party hereto to the other party
hereto in accordance with Section
10 hereof. 15. For purposes of this Agreement, a "Notice of Termination"
shall mean means a
written notice which
shall indicate indicates t
...he specific termination provision in this Agreement relied upon and shall set sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 employment. (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if Executive's employment is terminated due to Disability pursuant to Section 5(b), thirty (30) days after the date the Notice of Termination is given delivered (provided that the Executive shall has not have returned to the full-time substantial performance of the Executive's his duties on a full-time basis during such thirty (30) day period), (iii) if Executive's employment is terminated for Good Reason pursuant to Section 5(d), the date on which a Notice of Termination provided in accordance with such Section is given or any later date (within thirty (30) days after the giving of such -5- Notice of Termination) determined by the Executive and (ii) set forth in such Notice of Termination, (iv) if Executive's employment is terminated voluntarily by Executive without Good Reason pursuant to Section 5(f), thirty (30) days after the Notice of Termination, (v) if Executive's employment is terminated by the Employer giving a proper notice of non-renewal as permitted in Section 1 above, the last day of the Term, or (vi) if Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days after the giving of such Notice of Termination) set forth in such Notice of Termination.
View More
Termination Procedure.
6.1 Notice (a)Notice of Termination.
During the Term, any purported Any termination of the Executive's employment
by the Company or by the Executive during or upon the expiration of the Employment Period (other than
by reason a termination on account of
death) the death of Executive) shall be communicated by written
Notice "Notice of
Termination from one party hereto Termination" to the other party hereto in accordance with Section
10 hereof. 10(b) of this Agreement. -5- (b)Date of Termination. ...For purposes of this Agreement, a "Notice "Date of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if the Executive's employment is terminated pursuant to Section 4(c) of this Agreement, on the date the Executive receives Notice of Termination from the Company, (iii) if the Executive voluntarily terminates his employment without Good Reason, the date specified in the notice given pursuant to Section 4(e) herein, which shall not be less than thirty (30) days after the Notice of Termination is given (provided that (or one hundred and twenty (120) days thereafter, in the case of Retirement), (iv) if the Executive shall not have returned to terminates his employment for Good Reason, the full-time performance date specified in the notice given by the Executive of the Executive's duties during such thirty (30) day period), event constituting Good Reason, which shall comply with the time periods and (ii) procedural requirements provided in Section 4(f) of this Agreement, and (v) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days, or any alternative time period agreed upon by the parties, after the giving of such notice) set forth in such Notice of Termination, including the Scheduled Termination Date, as applicable.
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of
the Executive's employment
by the Bank or by Executive during the Employment Period (other than
by reason of death) shall termination pursuant to Section 6) will be communicated by written Notice of Termination
from one party hereto to the other party
hereto in accordance with Section
10 hereof. 15. For purposes of this Agreement, a "Notice of Termination"
shall mean means a
written notice which
shall indicate indic...ates the specific termination provision in this Agreement relied upon and shall set sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 employment. (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if Executive's employment is terminated due to Disability pursuant to Section 6(a), thirty (30) days after Notice of Termination is given (provided that the Executive shall has not have returned to the full-time substantial performance of the Executive's his duties on a fulltime basis during such thirty (30) day 30-day period), and (ii) (iii) if Executive's employment is terminated for Good Reason pursuant to Section 6, the date provided in such Section, or (iv) if Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days after the giving of such Notice of Termination) set forth in such Notice of Termination.
View More
Termination Procedure.
6.1 Notice of Termination. During the
Term, Term of this Agreement, any purported termination of
the Executive's employment (other than by reason of death) shall be communicated by written
Notice notice ("Notice of
Termination Termination") from one party hereto to the other party hereto in accordance with Section
10 hereof. For purposes 11. A Notice of
this Agreement, Termination for Cause is required to include the information supporting a
"Notice finding of
Termination" shall mean a notice wh...ich shall indicate the specific termination provision "Cause" as defined in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 Date of Termination. Section 5.2. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Term of this Agreement, shall mean (i) if Executive's employment is terminated by Executive's death, the date of Executive's death, (ii) if Executive's employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) day period), and (ii) (iii) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a termination by the Executive, Company, shall not be less than fifteen (15) thirty (30) days, except in the case of a termination for Cause in which case termination may be immediate; and in the case of a termination by Executive, the date specified in the Notice shall not be less than thirty (30) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). If Executive terminates Executive's employment under Section 4.1 or 4.2, the Company, in its sole discretion, may require that Executive's employment terminate at any time after Executive has given Notice of Termination, which election shall not be deemed a termination by the Company under Section 4.4, provided that if the Company makes such an election, (i) in the case of termination under Section 4.1, the Base Salary shall be paid through the notice period, and (ii) in the case of termination under Section 4.2, the Severance Period shall be extended by one month. Likewise, if the Company terminates the Executive other than for Cause, in lieu of the applicable notice period, the Company may give notice of immediate termination and extend the Severance Period by one month.
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of
the Executive's employment
by the Company or by Executive during the Employment Period (other than
by reason of death) shall termination pursuant to Section 6(a)) will be communicated by written Notice of Termination
from one party hereto to the other party
hereto in accordance with Section
10 hereof. 16. For purposes of this Agreement, a "Notice of Termination"
shall mean means a
written notice which
shall indicate...shall set sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 employment. (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if Executive's employment is terminated due to Disability pursuant to Section 6(b), thirty (30) days after Notice of Termination is given (provided that the Executive shall has not have returned to the full-time substantial performance of the Executive's his duties on a full-time basis during such thirty (30) day period), and (ii) (iii) if Executive's employment is terminated for Good Reason pursuant to Section 6(d), the date provided in such Notice, or (iv) if Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days after the giving of such Notice of Termination) set forth in such Notice of Termination.
View More
Termination Procedure.
6.1 a) Notice of Termination.
During the Term, any purported Any termination of
the Executive's employment
by the Company or by Executive during the Employment Period (other than
by reason of death) termination pursuant to Section 6(a)) shall be communicated by written Notice of Termination
from one party hereto to the other party hereto in accordance with Section
10 hereof. 13. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termin
...ation provision in this Agreement relied upon and (except to the extent set forth in a notice previously given) shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if Executive's employment is terminated pursuant to Section 6(b), thirty (30) days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time substantial performance of the Executive's his duties on a full-time basis during such thirty (30) day period), (iii) if Executive's employment is terminated pursuant to Section 6(e), 90 after Notice of Termination or any later date set forth in such Notice of Termination and (ii) (iv) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days after the giving of such notice) set forth in such Notice of Termination. c) Resignation. Upon termination of Executive's employment hereunder for any reason, the Executive shall be deemed to have resigned from all positions that Executive holds as an officer or manager of the Company or any of its affiliates or member of the board of directors or equivalent (or a committee thereof) of the Company or any of its affiliates.
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of the Executive's employment
by the Company or by the Executive during the Employment Period (other than
by reason a termination on account of
death) the death of the Executive) shall be communicated by
a written
Notice "Notice of
Termination from one party hereto Termination" to the other party hereto in accordance with Section
10 hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice w...hich shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 10(a). (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated by his death, the date of his death, (ii) if the Executive's employment is terminated due to his Disability pursuant to Section 4(b), on the date the 5 Executive receives Notice of Termination from the Company, (iii) if the Executive voluntarily terminates his employment (whether or not for Disability, Good Reason), the date specified in the notice given pursuant to Section 4(e) herein which shall not be less than thirty (30) days after the Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) day period), Termination, and (ii) (iv) if the Executive's employment is terminated for any other reason, the date specified in the on which a Notice of Termination (which, in the case of a termination is given or any later date (within thirty (30) days, or any alternative time period agreed upon by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from parties, after the date giving of such notice) set forth in such Notice of Termination is given). (subject to the rights granted to the Executive under Section 4(c)).
View More
Termination Procedure.
6.1 8.1 Notice of Termination.
During After a Change in Control and during the Term, any
purported termination of the Executive's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with Section
10 11 hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth
... in reasonable detail the facts and circumstances claimed to provide a basis for termination Date of the Executive's employment under the provision so indicated. 4 6.2 Termination. 8.2 Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment after a Change in Control and during the Term, shall mean (i) if the Executive's employment is terminated for Disability, thirty (30) 30 days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) 30 day period), (ii) if the Executive incurs a Qualifying Termination within six months prior to a Change in Control, the date on which such Change in Control occurs, and (ii) (iii) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, which, in the case of a termination for Cause and, in the case of a termination by the Executive, shall not be less than fifteen (15) 15 days nor more than sixty (60) 60 days, respectively, from the date such Notice of Termination is given). given. 6 9. No Mitigation. The Company agrees that, if the Executive's employment with the Company or an Affiliate thereof terminates during the Term, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to Sections 3, 4 and/or 5, as applicable, hereof. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer or by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of the Executive's employment
by the Company or by the Executive during the Employment Period (other than
by reason a termination on account of
death) the death of the Executive) shall be communicated by
a written
Notice "Notice of
Termination from one party hereto Termination" to the other party hereto in accordance with Section
10 hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice w...hich shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 8(a). 4 6.2 (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated by his death, the date of his death, (ii) if the Executive's employment is terminated pursuant to Section 3(b), on the date the Executive receives Notice of Termination from the Company, (iii) if the Executive voluntarily terminates his employment (whether or not for Disability, Good Reason), the date specified in the notice given pursuant to Section 3(e) or Section 3(f) which shall not be less than thirty (30) days after the Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) day period), Termination, and (ii) (iv) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days, or any alternative time period agreed upon by the parties, after the giving of such notice) set forth in such Notice of Termination.
View More
Termination Procedure.
6.1 (a) Notice of Termination.
During the Term, any purported Any termination of the Executive's employment
by the Company or by the Executive during the Employment Period (other than
by reason a termination on account of
death) the death of Executive) shall be communicated by written
Notice "Notice of
Termination from one party hereto Termination" to the other party hereto in accordance with Section
10 hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which s...hall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 11(a). (b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if the Executive's employment is terminated pursuant to Section 3(b), thirty (30) days after Notice of Termination is given (provided Termination, provided that the Executive shall not have returned to the full-time performance of the Executive's his duties during hereunder on a full-time basis within such thirty (30) day period), period, (iii) if the Executive voluntarily terminates his employment, the date specified in the notice given pursuant to Section 3(e) herein which shall not be less than three months after the Notice of Termination is delivered to the Company, (iv) if the Executive terminates his employment for Good Reason pursuant to Section 3(f) herein, thirty (30) days after Notice of 3 CONFIDENTIAL PROPRIETARY Termination, and (ii) (v) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days, or any alternative time period agreed upon by the parties, after the giving of such notice) set forth in such Notice of Termination.
View More
