Involuntary Termination

Involuntary Termination. Means a termination of the Executive's employment by the Company without Cause; provided, that, "Involuntary Termination" shall not include a termination of the employment of the Executive (i) in connection with the sale of some or all of the assets of the Company, including the sale of a facility, division, or subsidiary of the Company, pursuant to which the purchaser offers the Executive substantially equivalent employment, the terms of which would not give rise to Good Reason, (ii) by the... Company for Cause, (iii) as a result of the Permanent Disability of the Executive, (iv) as a result of the death of the Executive or (v) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason. For the avoidance of doubt, (A) if the Executive is offered reasonably similar employment by a current or former subsidiary of the Company or his or her employment is transferred to a current or former subsidiary of the Company with the resulting role being reasonably similar to his or her role immediately prior to such transfer, in either case, in connection with the Planned Separation, the Company's termination of the Executive's employment with the Company in connection with such Planned Separation shall not constitute an Involuntary Termination, and (B) an offer of employment by, or the Executive's transfer of employment to, a current or former subsidiary of the Company in connection with the Planned Separation for a position substantially equivalent to that set forth on Schedule A shall not constitute an Involuntary Termination. View More

Involuntary Termination. Means the termination of the employment of a Participant either by the Company without Cause (other than due to the Participant's death or disability) or by the Participant for Good Reason.

Involuntary Termination. Either: (i) your Termination Without Cause or (ii) your Resignation for Good Reason.

Involuntary Termination. Termination of the employment of Employee without the Employee's express written consent, and shall, subject to the last sentence in this paragraph, include a material diminution of or interference with the Employee's duties, responsibilities and benefits as Vice President-Lending of the 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 Association'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 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, such personnel are to report to the Employee, other than as part of a Association- or Holding Company-wide reduction in staff; (4) a material adverse change 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 Association or the Holding 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 Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA") and shall not include a material diminution of or interference with the Employee's duties, responsibilities and benefits unless the employee or the Association submits written notice of involuntary termination within 120 days thereof. View More

Involuntary Termination. Shall have the meaning set forth in the Severance Agreement, or if there is no Severance Agreement or the Severance Agreement contains no such definition, "Involuntary Termination" shall mean any termination of the Employee's employment with the Company which does not result from a resignation by the Employee; provided, however, that the term "Involuntary Termination" shall not include a termination as a result of death, Disability, or a termination of the Employee's employment by the Company... by reason of the Employee's unsatisfactory performance of the Employee's duties, to be determined by the Company in its sole discretion, or final conviction of a misdemeanor involving moral turpitude or a felony. View More

Involuntary Termination. Any termination of Employee's employment with the Employer which: (1) does not result from a voluntary resignation by Employee (other than a resignation pursuant to Paragraph 1.1(h)(2)); or (2) results from a resignation by Employee on or before the date which is sixty (60) days after the date Employee is notified of a Constructive Termination Event applicable to Employee; provided, however, that the term "Involuntary Termination" shall not include a Termination for Cause or any termination... as a result of Employee's death or Employee's disability under circumstances entitling Employee to benefits under the Employer's long-term disability plan; and provided further that if Employee continues to provide services to or with respect to the Employer (or one of its affiliates or a successor employer) following Employee's termination of employment with the Employer, the "Involuntary Termination" of Employee shall not be deemed to have occurred until Employee has incurred a "separation from service" (within the meaning of Section 409A(a)(2) of the Code and the regulations promulgated thereunder) with respect to the Employer and its affiliates. View More

Involuntary Termination. Any termination of the Employee's employment with the Company that: (i) does not result from a resignation by the Employee (other than a resignation pursuant to clause (ii) of this Section 2(f)); or (ii) results from a resignation by the Employee for Good Reason; provided, however, the term "Involuntary Termination" shall not include a Termination for Cause or any termination as a result of death or Disability.

Involuntary Termination. The termination of Optionee's Service by reason of: (i) Optionee's involuntary dismissal or discharge by the Company (or any Parent or Subsidiary) for reasons other than Misconduct, or (ii) Optionee's voluntary resignation following (A) a material reduction in the scope of his or her day-to-day responsibilities at the Company (or any Parent or Subsidiary), it being understood that a change in Optionee's title shall not, in and of itself, be deemed a material reduction, (B) a reduction in... Optionee's base salary or (C) a relocation of Optionee's place of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected by the Company (or any Parent or Subsidiary) without Optionee's consent View More

Involuntary Termination. The termination of Executive's employment by the Executive which, in the sole judgment of the Executive, is due to (i) a change (other than a clearly immaterial change) of the Executive's responsibilities, position (including status as Vice President of Operations of the Company, its successor or ultimate parent entity, office, title, reporting relationships or working conditions), authority or duties (including changes resulting from the assignment to the Executive of any duties inconsistent... with Executive's positions, duties or responsibilities as in effect immediately prior to a Change in Control); or (ii) a change (other than a clearly immaterial change) in the terms or status (including the rolling one year termination date) of this Agreement; or (iii) a reduction (other than a clearly immaterial reduction) in the Executive's compensation or benefits; or (iv) a forced relocation of the Executive outside the Greenville-Spartanburg area; or (v) a significant increase in the Executive's travel requirements (collectively "Status Changes"); provided, however, Executive must elect to terminate Executive's employment within two (2) years of the Status Change on which Executive bases Executive's employment termination. View More

Involuntary Termination. The termination of your Employee Service by the Company without Cause or as a result of your resignation for Good Reason (and, in either case, not due to your death or Disability).