Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. Provided, however, if the Bank’s Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death or retirement, the Bank may amend or terminate this Agreement. Upon such amendment or termination the Bank shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.), Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.), Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. Provided, however, if the Bank’s 's Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank may amend or terminate this Agreement. Upon such amendment or termination the Bank shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs.
Appears in 4 contracts
Samples: Continuation Agreement (Service 1st Bancorp), Continuation Agreement (Service 1st Bancorp), Continuation Agreement (Service 1st Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. Provided, however, if the Bank’s Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank may amend or terminate this Agreement. Upon such amendment or termination termination, the Bank shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs. Additionally, the Bank may also amend this Agreement to conform with written directives to the Bank from its banking regulators.
Appears in 3 contracts
Samples: Continuation Agreement (Appalachian Bancshares Inc), Salary Continuation Agreement (Appalachian Bancshares Inc), Continuation Agreement (Appalachian Bancshares Inc)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Company and the Executive. Provided, however, if the BankCompany’s Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank Company may amend or terminate this Agreement. Upon such amendment or termination the Bank Company shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs.
Appears in 3 contracts
Samples: Continuation Agreement (ISB Financial Corp.), Continuation Agreement (Park National Corp /Oh/), FSB Salary Continuation Agreement (Park National Corp /Oh/)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. Provided, however, if If the Bank’s Board of Directors Directors, however, determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank may amend or terminate this Agreement. Upon such amendment or termination the Bank shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs. Additionally, the Bank may also amend this Agreement to conform with written directives to the Bank from its banking regulators.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Company and the Executive. Provided, however, if the Bank’s Company's Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank Company may amend or terminate this Agreement. Upon such amendment or termination the Bank Company shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs. Additionally, the Company may also amend this Agreement to conform with written directives to the Company from its banking regulators.
Appears in 2 contracts
Samples: Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (Appalachian Bancshares Inc)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Company and the Executive. Provided, however, if the BankCompany’s Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability, or retirement, the Bank Company may amend or terminate this Agreement. Upon such amendment or termination the Bank Company shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs. Additionally, the Company may also amend this Agreement to conform with written directives to the Company from its banking regulators.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Porter Bancorp, Inc.)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Company and the ExecutiveDirector. Provided, however, if the Bank’s Company's Board of Directors determines that the Executive Director is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank Company may amend or terminate this Agreement. Upon such amendment or termination the Bank Company shall pay benefits to the Executive Director as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs. Additionally, the Company may also amend this Agreement to conform with written directives to the Company from its banking regulators.
Appears in 1 contract
Samples: Salary Continuation Agreement (Appalachian Bancshares Inc)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. Provided, however, if the Bank’s 's Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for reasons other than death death, Disability or retirement, the Bank may amend or terminate this Agreement. Upon such amendment or termination the Bank shall pay distribute benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, regardless of whether Early Termination actually occurs.
Appears in 1 contract
