name / content

name: By Bancorp or the Bank

By Bancorp or the Bank. Bancorp may terminate this Agreement and, at its option, Employee's employment (i) immediately and at any time for Cause, as that term is hereinafter defined, in which event all obligations of Bancorp and the Bank under this Agreement shall cease immediately as of the effective date of the termination, and Employee shall be entitled to receive payment of only the aggregate salary and benefits accrued from Bancorp and the Bank through the effective date of the termination; or (ii) at any time prior to a Change in Control, without cause and upon written notice to Employee, which notice shall at Bancorp's option be effective immediately or at some future date not to exceed ninety (90) days following date of the notice of termination, in which ...