Common use of Constructive Discharge Clause in Contracts

Constructive Discharge. If Employee is ever constructively ---------------------- discharged, Employee may terminate this Agreement and Employee's employment hereunder by delivering written notice to Company no later than thirty (30) days before the effective date of termination. If Employee is constructively discharged, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "constructive discharge" means the occurrence of any one or more of the following:

Appears in 3 contracts

Sources: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

Constructive Discharge. If Employee is ever constructively ---------------------- discharged, Employee he may terminate this Agreement and Employee's his employment hereunder by delivering written notice to Company no later than thirty (30) days before the effective date of termination. If Employee is constructively discharged, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "constructive discharge" means the occurrence of any one or more of the following:

Appears in 3 contracts

Sources: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

Constructive Discharge. If Employee is ever constructively ---------------------- discharged, Employee she may terminate this Agreement and Employee's her employment hereunder by delivering written notice to Company no later than thirty (30) days before the effective date of termination. If Employee is constructively discharged, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "constructive discharge" means the occurrence of any one or more of the following:

Appears in 2 contracts

Sources: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

Constructive Discharge. If Employee is ever constructively ---------------------- discharged, Employee he may terminate this Agreement and Employee's his employment hereunder by delivering written notice to Company no later than thirty (30) days before the effective date of termination. If Employee is constructively discharged, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c4 (c) hereof. For purposes of the foregoing, "constructive discharge" means the occurrence of any one or more of the following:means

Appears in 1 contract

Sources: Employment Agreement (Colorado Business Bankshares Inc)