Qualifying Termination Event

Qualifying Termination Event. If the occurrence of a Qualifying Termination Event is disputed by the Bank, and if it is determined in arbitration that the Executive is entitled to the compensation under Section 3 of this Agreement, the payment of the compensation by the Bank will commence immediately following the date of resolution by arbitration, with interest due to the Executive on the cash amount that was not paid pending arbitration (at the prime rate as published in The Wall Street Journal from time to time), and the... Executive will be entitled to reimbursement of legal fees and expenses incurred by the Executive in arbitration (upon provision to the Bank of a detailed invoice with respect to such time and expenses). View More

Qualifying Termination Event. An involuntary Termination of Employment without Cause or voluntary Termination of Employment by Recipient for Good Reason.

Qualifying Termination Event. A "Qualifying Termination Event" shall mean either: (i) a termination of the Executive's employment by the Company for any reason other than for Cause, death or Disability (as defined below); or (ii) termination of the Executive's employment with the Company by the Executive for Good Reason, both as set forth below: