Common use of Compensation on Termination for Cause Clause in Contracts

Compensation on Termination for Cause. The Company shall pay Hill any prorated portion of his full Compensation that is then owed through the date of termination if Hill's services shall terminate "For Cause" and the Company shall have no further obligations to Hill under this Agreement other than to pay Hill such other plan, program, or other benefits as may be due Hill pursuant to Sections 3.3 and 4 above.

Appears in 1 contract

Sources: Employment Agreement (Republic First Bancorp Inc)

Compensation on Termination for Cause. The Company Commerce shall pay Hill any prorated portion of his full Compensation that is then owed through the date of termination if Hill's services ’s employment shall terminate "For Cause" and the Company Commerce shall have no further obligations to Hill under this Agreement other than to pay Hill such other plan, program, or other benefits as may be due Hill pursuant to Sections 3.3 and 4 above.

Appears in 1 contract

Sources: Employment Agreement (Commerce Bancorp Inc /Nj/)