Benefits Upon Change in Control. Notwithstanding any other provision of this Agreement, in the event of a Change of Control, the determination and payment of any benefits payable thereafter with respect to Executive shall be governed exclusively by the provisions of Exhibit C.
Benefits Upon Change in Control. The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive in the event of a Change in Control or if Executive’s employment with the Company is terminated under the circumstances described herein following a Change in Control.
Benefits Upon Change in Control. Executive shall be entitled to the following payments and benefits following a Change in Control, whether or not a Termination occurs:
Benefits Upon Change in Control. If, at any time after a Change in Control, Officer's employment with the Company is terminated (for any reason, including but not limited to death or retirement, and whether with or without cause and whether by the Officer or the Company), the Company shall be required to provide the following benefits to Officer:
Benefits Upon Change in Control. The Corporation will provide the benefits listed below in Sections 2(a) and 2(b) on a Change in Control. All amounts payable on a Change in Control under all subsections of this Section will be made by bank check or wire transfer at the Change in Control, or, if that is not within the control of the Corporation, not later than the tenth business day following the Change in Control except as otherwise provided in Section 2(a) or 2(b). For purposes of this Section, references to payments by the Corporation include payments from any entity related to the Corporation, such as the Corporation’s Stock Employee Compensation Trusts.
Benefits Upon Change in Control. If a Change in Control of the Company occurs during the term of this Agreement and during the term of Executive's employment with the Company or with any Subsidiary, the Company shall provide the following benefits:
Benefits Upon Change in Control or Termination of the Executive's Employment without Cause in Contemplation of a Change in Control. In the event (i) a Change in Control occurs while the Executive is employed by the Company under this Agreement, or (ii) the Executive's employment during the Employment Term is terminated by the Company without Cause in contemplation of a Change in Control, the Executive shall be entitled to the following:
Benefits Upon Change in Control. 2.3.1 If within three years following a Change in Control of the Bank a Terminating Event occurs with respect to the Executive, the Executive will be entitled to receive his Normal Supplemental Retirement Benefit, calculated as if the following had occurred: (a) the Executive continued his employment with the Bank until the Normal Retirement Date, (b) the annual rate of his base compensation with the Bank in effect at the time of the termination of employment was increased, on a compound basis, by 6% on each May 1 occurring after the date of termination of employment and prior to the Normal Retirement Date, (c) the Executive's annual compensation was paid in twenty-six equal bi-weekly installments, and (d) the foregoing assumed facts applied in determining the benefits payable under the Retirement Plan. The Normal Supplemental Retirement Benefit, as so calculated, will generally be payable at the Normal Retirement Date, provided that, with the consent of the Board of Directors, an Actuarial Equivalent of such benefit may be paid (or commenced) to the Executive or former Executive at an earlier date. In the event that the Executive requests permission to commence receiving his Benefit before his Normal Retirement Date and the Board refuses to grant permission for such early commencement of payments, the Executive may request the Board to reconsider its decision. If the Board has not agreed to permit such early payment by a date which is 15 days after the request for reconsideration is made, the Executive shall have the right to receive upon written application to the Bank the Actuarial Equivalent of such Normal Supplemental Retirement Benefit, less a penalty of 7%.
Benefits Upon Change in Control. If within three years following a Change in Control of the Bank a Terminating Event occurs with respect to the Executive, the Executive shall be entitled to a Retirement Benefit pursuant to Section 2.2 calculated as if (i) the Executive had remained employed by the Bank until the age of sixty-two (62), and (ii) the Executive’s Compensation had increased 5% each year from the date of such Terminating Event until the age of sixty-two (62).
Benefits Upon Change in Control. 5 8. AGREEMENT NOT TO SOLICIT OR COMPETE...................................................................... 5 9. ASSIGNMENT............................................................................................... 7 10. NOTICES.................................................................................................. 7 11. WITHHOLDING.............................................................................................. 7 12.
