Common use of Amendment or Cancellation Clause in Contracts

Amendment or Cancellation. The Bank or the Company shall retain the right to terminate the employment of the Executive at any time for sufficient cause. This agreement may not be amended, modified or cancelled within nine (9) months of the date of Change-in-Control except by written instrument executed by the Bank and the Executive.

Appears in 3 contracts

Sources: Key Executive Employment and Severance Agreement (Cornerstone Bancshares Inc), Key Executive Employment and Severance Agreement (Cornerstone Bancshares Inc), Key Executive Employment and Severance Agreement (Cornerstone Bancshares Inc)