Common use of Amendments and Termination Clause in Contracts

Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the Director's Termination of Service by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account balance attributable to the Director's deferrals and interest credited on such amounts.

Appears in 4 contracts

Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Fee Agreement (Regency Bancorp), Fee Agreement (Regency Bancorp)

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Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the DirectorExecutive's Termination of Service Employment by written notice to the DirectorExecutive. In no event shall this Agreement be terminated without payment to the Director Executive of the Deferral Account balance attributable to the DirectorExecutive's deferrals and interest credited on such amounts.

Appears in 4 contracts

Samples: Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Compensation Agreement (Lawrence Financial Holdings Inc)

Amendments and Termination. The Company This Agreement may amend be amended or terminate terminated only by a written agreement signed by the Employer and the Executive. However, unless otherwise agreed to by the Employer and the Executive, this Agreement at will automatically terminate if the Executive ceases to be employed by the Employer for any time prior reason whatsoever (other than by reason of a leave of absence which is approved by the Employer) and has received or had the opportunity to receive any benefit under the Director's Termination of Service by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account balance attributable to the Director's deferrals and interest credited on such amountsSalary Continuation Agreement.

Appears in 3 contracts

Samples: Split Dollar Agreement (Plumas Bancorp), Split Dollar Agreement (Plumas Bancorp), Split Dollar Agreement (Plumas Bancorp)

Amendments and Termination. The Company may amend or terminate this Agreement agreement at any time prior to the Director's Termination termination of Service service by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account deferral account balance attributable to the Director's deferrals and interest credited on such amounts.

Appears in 3 contracts

Samples: Fee Agreement (First Community Bancshares Inc /In), Fee Agreement (First Community Bancshares Inc /In), Fee Agreement (First Community Bancshares Inc /In)

Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the Director's Termination of Service Employment by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account balance attributable to the Director's deferrals and interest credited on such amounts.

Appears in 2 contracts

Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the DirectorExecutive's Termination of Service Employment by written notice to the DirectorExecutive. In no event shall this Agreement be terminated without payment to the Director Executive immediately becoming 100 percent vested in the Accrual Balance at the time of the Deferral Account balance attributable to the Director's deferrals and interest credited on such amountstermination.

Appears in 2 contracts

Samples: Continuation Agreement (Ohio Valley Banc Corp), Continuation Agreement (Ohio Valley Banc Corp)

Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the Director's ’s Termination of Service by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account balance attributable to the Director's deferrals ’s Deferrals and interest credited on such amountsamounts unless the Agreement terminates as a result of Termination for Cause in which event the Director forfeits the interest credited on the Director’s Deferrals.

Appears in 2 contracts

Samples: Clovis Community Bank (Central Valley Community Bancorp), Deferred Fee Agreement (Central Valley Community Bancorp)

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Amendments and Termination. This Agreement may be amended or terminated only by the Company. The Company may amend will notify the Executive of any amendments or terminate termination. However, unless otherwise agreed to by the Company, this Agreement at any time prior to will automatically terminate upon the DirectorExecutive's Termination of Service by written notice to the Director. In no event shall this Agreement be terminated without payment to the Director of the Deferral Account balance attributable to the Director's deferrals and interest credited on such amountsEmployment.

Appears in 1 contract

Samples: Split Dollar Agreement (Mercantile Bank Corp)

Amendments and Termination. The This Agreement may be amended or terminated only by a written agreement signed by the Company may amend or terminate this Agreement at any time prior to and the Director's Termination of Service by written notice to the DirectorExecutive. In no event shall this Agreement be terminated without payment to the Director Executive of the Deferral Account balance attributable to the DirectorExecutive's deferrals and interest credited on such amounts.

Appears in 1 contract

Samples: Agreement (Cerritos Valley Bancorp)

Amendments and Termination. The Company may amend or terminate this Agreement at any time prior to the Director's Executive’s Termination of Service Employment by written notice to the DirectorExecutive. In no event shall this Agreement be terminated without payment to the Director Executive of the Deferral Account balance attributable to the Director's Executive’s deferrals and interest credited on such amounts, except as provided in Section 7.1. To the extent consistent with Section 409A of the Code, distribution shall be made in a lump sum on the first day following the one year anniversary of the termination of this Agreement.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Hf Financial Corp)

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