Involuntary Termination

Involuntary Termination. (i) The continued assignment to Executive of any duties or the continued significant change in the Executive's duties, either of which is substantially inconsistent with the Executive's duties immediately prior to such assignment or change for a period of 30 days after notice thereof from Executive to the Chief Executive Officer of the Company or the Board setting forth in reasonable detail the respects in which Executive believes such assignments or duties are significantly inconsistent with... the Executive's prior duties; (ii) a reduction in Executive's Base Compensation; (iii) a material reduction by the Company in the kind or level of employee benefits (other than salary and bonus) to which Executive is entitled immediately prior to such reduction with the result that Executive's overall benefits package (other than salary and bonus) is substantially reduced (other than any such reduction applicable to officers of the Company generally); (iv) the relocation of Executive's principal place for the rendering of the services to be provided by him hereunder to a location more than forty (40) miles from the present location of the principal executive office of the Company; (v) any purported termination of the Executive's employment by the Company other than for Cause; (vi) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 7 below; or (vii) any material breach by the Company of any material provision of this Agreement which continues uncured for 30 days following notice thereof; provided that none of the foregoing shall constitute Involuntary Termination to the extent Executive has agreed thereto; (viii) any notice by the Company to the Executive that this Agreement shall be terminated. View More

Involuntary Termination. Shall mean Separation from Service other than for Cause without the Executive's express written consent and voluntary resignation due to a material diminution of or interference with the Executive's duties, responsibilities and benefits as Chief Executive Officer of the Bank, including (without limitation) any of the following actions unless consented to in writing by the Executive: (i) a change in the principal workplace of the Executive to a location outside of a 30 mile radius from the... Executive's principal workplace as of the date hereof; (ii) a material demotion of the Executive; (iii) a material reduction in the number or seniority of other personnel reporting to the Executive or a material reduction in the frequency with which, or on the nature of the matters with respect to which, such personnel are to report to the Executive, other than as part of an institution-wide reduction in staff; (iv) a material adverse change in the Executive'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; and (v) a material permanent increase in the required hours of work or the workload of the Executive; provided that the Executive has notified the Bank of the existence of such a condition no later than 90 days after the initial existence of such condition and the Bank has at least 30 days to cure such condition. 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. View More

Involuntary Termination. Means (i) the Executive's Separation from Service by reason of Executive's discharge by the Company other than for Cause, or (ii) the Executive's Separation from Service by reason of Executive's resignation of employment with the Company for Good Reason. Executive's Separation from Service by reason of Executive's death or discharge by the Company following Executive's Permanent Disability shall not constitute an Involuntary Termination.

Involuntary Termination. Shall mean: (i) any termination by the Company other than for Cause; or (ii) Employee's voluntary termination following (A) a material reduction or change in job duties, responsibilities, and requirements inconsistent with the Employee's position with the Company and the Employee's prior duties, responsibilities, and requirements, or a material change in the level of management to which the Employee reports; (B) any material reduction of Employee's base compensation (other than in connection... with a general decrease in base salaries for most officers of the successor corporation); or (C) Employee's refusal to relocate to a facility or location more than 35 miles from the Company's current location. Notwithstanding the foregoing, an Involuntary Termination pursuant to the foregoing clause (ii) shall only be considered to occur if (x) Employee provides written notice to the Company of the existence of the condition that forms the basis for such resignation within 90 days following its initial existence; (y) upon such notice, the Company does not cure such condition within 30 days thereafter; and (z) Employee's resignation occurs not later than 180 days after the occurrence of the condition giving rise to the resignation right. View More

Involuntary Termination. The termination of the employment of Employee (i) by the Bank, without the Employee's express written consent; or (ii) by the Employee by reason of a material diminution of or interference with his duties, responsibilities or benefits, including any of the following actions unless consented to in writing by the Employee: (1) a requirement that the Employee be based at any place other than Plano, Texas, or within a radius of 35 miles from the location of the Bank's administrative offices as of... the Commencement Date, except for reasonable travel on Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of personnel reporting to the Employee other than as part of a Bank-wide reduction in staff; and (4) a reduction in the Employee's salary, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank. The term "Involuntary Termination" does not include Termination for Cause, 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. View More

Involuntary Termination. A Termination during the Employment Period either: (i) By the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive's death or Disability, or (C) a termination due to the expiration of this Agreement; or (ii) By Executive for Good Reason

Involuntary Termination. A Termination during the Employment Period either: (i) By the Company other than a Termination for Cause; or (ii) By Executive for Good Reason

Involuntary Termination. Shall be deemed to occur if: (i) Executive's employment with the Company is terminated by the Company for any reason other than Cause (and for a reason other than Executive's death or Disability); or (ii) Executive terminates his employment with the Company for Good Reason.

Involuntary Termination. The termination of a Participant's Continuous Service Status other than for death or Disability or for Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate

Involuntary Termination. (a)any termination without Cause of the employment of the Executive by the Company; or (b)any resignation by Executive for Good Reason where such resignation occurs within one hundred twenty (120) days following the occurrence of such Good Reason.