Common use of Benefit Amount Clause in Contracts

Benefit Amount. In the event Executive Separates from Service for reasons other than For Cause or under the provisions of Paragraph 5 (Change in Control), then Executive shall be entitled to be paid the Applicable Percentage of the ALB as of the date of Separation from Service. Notwithstanding the forgoing, if Executive is Involuntarily Terminated, the Applicable Percentage shall be accelerated and shall be deemed to be one hundred percent (100%).

Appears in 2 contracts

Samples: Supplemental Compensation Agreement (BayCom Corp), Supplemental Compensation Agreement (BayCom Corp)

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Benefit Amount. In the event Executive Separates from Service for reasons other than For Cause or under the provisions of Paragraph 5 (Change in Control), then Executive shall be entitled to be paid the Applicable Percentage of the ALB as of the date of Separation from Service. Notwithstanding , subject to the forgoing, if Executive is Involuntarily Terminated, the Applicable Percentage shall be accelerated following distinguishing circumstances and shall be deemed to be one hundred percent (100%).resulting consequences: ​

Appears in 1 contract

Samples: Supplemental Compensation Agreement (BayCom Corp)

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Benefit Amount. In the event Executive Separates from Service for reasons other than For Cause or under the provisions of Paragraph 5 (Change in Control), then Executive shall be entitled to be paid the Applicable Percentage of the ALB as of the date of Separation from Service. Notwithstanding , subject to the forgoing, if Executive is Involuntarily Terminated, the Applicable Percentage shall be accelerated following distinguishing circumstances and shall be deemed to be one hundred percent (100%).resulting consequences:

Appears in 1 contract

Samples: Supplemental Compensation Agreement (BayCom Corp)

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