Involuntarily Termination. Termination of the employment of Employee without the Employee's express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the Employee to a location outside of a 30
... mile radius from the Bank's headquarters office as of the date hereof, (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, (4) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA").
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Involuntarily Termination.
Termination termination of the employment of Employee without
the Employee's his express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief
Operating Executive Officer of the
Bank and Executive Vice President of the Company, Association, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the
... Employee to a location outside of a 30 mile radius from the Bank's Association's headquarters office as of the date hereof, hereof; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank Association personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- Association- or Holding Company-wide reduction in staff, (4) staff; (3) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank Association or the Holding Company; and (5) (4) a material permanent increase in the required hours of work or the workload of the Employee; and (5) a material demotion of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA").
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Involuntarily Termination.
Termination termination of the employment of Employee without
the Employee's his express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief
Operating Executive Officer of the
Bank and Executive Vice President of the Company, Association, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the
... Employee to a location outside of a 30 mile radius from the Bank's Association's headquarters office as of the date hereof, Effective Date hereof; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank Association personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- Association- or Holding Company-wide reduction in staff, (4) staff; (3) a material adverse change in the Employee's salary, bonus opportunity, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank Association or the Holding Company; and (5) (4) a material permanent increase in the required hours of work or the workload of the Employee; and (5) a material demotion of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA").
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Involuntarily Termination.
Termination termination of the employment of Employee without the Employee's express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as
Senior Vice President and Chief Operating Officer
of the Bank and Executive Vice President of the Company, - Marion Region, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of
... the Employee to a location outside of a 30 mile radius from the Bank's former Marion headquarters office as of the date hereof, office; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, such personnel are to report to the Employee, other than as part of a Marion Region-, Bank- or Company-wide reduction in staff, staff; (4) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA").
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Involuntarily Termination.
Termination means the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's his express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's his duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a 30 mile radius from the Bank's headquarters office as of the date hereof, be based at any place other than West Orange, New Jersey, or within 35 miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than prior to a Change in Control as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect him as President and Chief Executive Officer of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing him from any of such offices, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect him as President and Chief Executive Officer of the Bank (or any successor of the Bank) or any action by such board (or board of a successor of the Bank) removing him from any of such offices. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, death or permanent disability pursuant to Section 7(g) of this Agreement, or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. 2
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Involuntarily Termination.
Termination the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's his express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's his duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a 30 mile radius from the Bank's headquarters office as of the date hereof, be based at any place other than West Orange, New Jersey, or within 35 miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than prior to a Change in Control as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect him as Senior Executive Vice President and General Counsel of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing him from any of such offices, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect him as Senior Executive Vice President and General Counsel of the Bank (or any successor of the Bank) or any action by such board (or board of a successor of the Bank) removing him from any of such offices. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, death or permanent disability pursuant to Section 7(g) of this Agreement, or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. 2
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Involuntarily Termination.
Termination the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's his express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's his duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a 30 mile radius from the Bank's headquarters office as of the date hereof, be based at any place other than West Orange, New Jersey, or within 35 miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than prior to a Change in Control as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect him as Executive Vice President and Chief Financial Officer of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing him from any of such offices, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect him as Executive Vice President and Chief Financial Officer of the Bank (or any successor of the Bank) or any action by such board (or board of a successor of the Bank) removing him from any of such offices. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, death or permanent disability pursuant to Section 7(g) of this Agreement, or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. 2
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Involuntarily Termination.
Termination the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's her express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's her duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a 30 mile radius from the Bank's headquarters office as of the date hereof, be based at any place other than West Orange, New Jersey, or within 35 miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than prior to a Change in Control as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect her as Executive Vice President and Retail Division Executive of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing her from any of such offices, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect her as Executive Vice President and Retail Division Executive of the Bank (or any successor of the Bank) or any action by such board (or board of a successor of the Bank) removing her from any of such offices. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, death or permanent disability pursuant to Section 7(g) of this Agreement, or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. 2
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Involuntarily Termination.
Termination the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's her express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's her duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a be based at any place other than Oak Forest, Illinois or within 30 mile radius from the Bank's headquarters office as of the date hereof, miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect her as Chairman and Chief Executive Officer of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing her from any of such office, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect her as Chairman and Chief Executive Officer of the Bank (or any successor of the Bank) or any action by such board removing her from any of such office. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to permanent disability pursuant to Section 7(g) of this Agreement, retirement, death, disability death or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act.
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Involuntarily Termination.
Termination the termination of the employment of Employee
(i) by either the Company or the Bank or both without
the Employee's his express written
consent, and shall include consent; or (ii) by the Employee by reason of a material diminution of or interference with
the Employee's his duties, responsibilities
and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, or benefits, including (without limitation) any of the following actions
... unless consented to in writing by the Employee: (1) a change in the principal workplace of requirement that the Employee to a location outside of a be based at any place other than Oak Forest, Illinois or within 30 mile radius from the Bank's headquarters office as of the date hereof, miles thereof, except for reasonable travel on Company or Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. Employee; or (6) the failure of the Board of Directors (or a board of directors of a successor of the Company) to elect him as President of the Company (or a successor of the Company) or any action by the Board of Directors (or a board of directors of a successor of the Company) removing him from any of such office, or the failure of the board of directors of the Bank (or any successor of the Bank) to elect him as President of the Bank (or any successor of the Bank) or any action by such board removing him from any of such office. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to permanent disability pursuant to Section 7(g) of this Agreement, retirement, death, disability death or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs of a depository institution under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act.
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