Common use of Removal Without Cause Clause in Contracts

Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to ▇▇▇▇▇, to terminate the employment of ▇▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇ for twelve (12) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of ▇▇▇▇▇.

Appears in 2 contracts

Sources: Merger Agreement (First Chester County Corp), Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to ▇▇▇▇▇, to terminate the employment of ▇▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇ for twelve twenty-four (1224) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of ▇▇▇▇▇.

Appears in 2 contracts

Sources: Merger Agreement (First Chester County Corp), Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to ▇▇▇▇▇▇▇▇▇▇, to terminate , "without cause", the employment of ▇▇▇▇▇▇▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇▇▇▇▇▇ for twelve (12) monthsthe remainder of the Term or for one year, whichever is longer, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of ▇▇▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to Q▇▇▇▇, to terminate the employment of Q▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Q▇▇▇▇ for twelve twenty-four (1224) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Q▇▇▇▇.

Appears in 1 contract

Sources: Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to F▇▇▇▇▇▇▇▇▇, to terminate terminate, without cause, the employment of F▇▇▇▇▇▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to F▇▇▇▇▇▇▇▇▇ for twelve (12) twenty-four months, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of F▇▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to ▇▇▇▇▇, to terminate , "without cause", the employment of ▇▇▇▇▇ hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇ for twelve (12) monthsthe remainder of the Term or for one year, whichever is longer, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of ▇▇▇▇▇.

Appears in 1 contract

Sources: Executive Employment Agreement (First Chester County Corp)