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EBTC » Topics » 4.5.1 Termination by Employer Without Cause.

These excerpts taken from the EBTC 8-K filed Dec 24, 2008.
4.5.1       Termination by Employer Without Cause.  Employer may, unilaterally, terminate Executive’s employment for any reason and without Cause or for no reason at all at any time during the Term of Employment upon sixty (60) days prior written notice to Executive.  If Employer terminates Executive’s employment pursuant to this Section 4.5.1, then the Term of Employment shall thereupon end (“Date of Involuntary Termination”) and Executive shall, subject to Bank Regulatory Limitations as referenced in

 

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4.5.1       Termination by Employer Without Cause.  Employer may, unilaterally, terminate Executive’s employment for any reason and without Cause or for no reason at all at any time during the Term of Employment upon sixty (60) days prior written notice to Executive.  If Employer terminates Executive’s employment pursuant to this Section 4.5.1, then the Term of Employment shall thereupon end (“Date of Involuntary Termination”) and Executive shall, subject to Bank Regulatory Limitations as referenced in

 

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EXCERPTS ON THIS PAGE:

8-K (2 sections)
Dec 24, 2008

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