Common use of Board of Director Membership Clause in Contracts

Board of Director Membership. For the purposes of this Agreement, in determining whether there has been a sufficient change in the membership of the Company's or the Bank's board of directors to be deemed a Change of Control, and thus to require a Change of Control Payment to the Executive:

Appears in 5 contracts

Samples: Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.)

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Board of Director Membership. For the purposes of this Agreement, in determining whether there has been a sufficient change in the membership of the Company's ’s or the Bank's ’s board of directors to be deemed a Change of Control, and thus to require a Change of Control Payment to the Executive:

Appears in 4 contracts

Samples: Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.)

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