Common use of Change in Control Annual Benefit Clause in Contracts

Change in Control Annual Benefit. If the Director is in the active service of the Corporation at the time of a Change in Control, and does not resign his service with the Corporation prior to the consummation of the transaction which constitutes the Change in Control, the Corporation shall pay to the Director the benefit described in this Section 3.3 in lieu of any other benefit under this Agreement.

Change in Control Annual Benefit. If the Director satisfies the requirements of Article 2 and is in the active service of the Corporation Bank at the time of a Change in Control, and does not resign his service with the Corporation Bank prior to the consummation of the transaction which constitutes the Change in Control, the Corporation Bank shall pay to the Director the benefit described in this Section 3.3 3.4 in lieu of any other benefit under this Agreement.

Change in Control Annual Benefit. If the Director satisfies the requirements of Article 2 and is in the active service of the Corporation Bank at the time of a Change in Control, and does not resign his service with the Corporation have a Separation from Service prior to the consummation of the transaction which constitutes the Change in Control, the Corporation Bank shall pay to the Director the benefit described in this Section 3.3 3.4 in lieu of any other benefit under this Agreement.

Change in Control Annual Benefit. If the Director satisfies the requirements of Article 2 and is in the active service of the Corporation at the time of a Change in Control, and does not resign his service with the Corporation prior to the consummation of the transaction which constitutes the Change in Control, the Corporation shall pay to the Director the benefit described in this Section 3.3 3.4 in lieu of any other benefit under this Agreement.

Change in Control Annual Benefit. If the Director satisfies the requirements of Article 2 and is in the active service of the Corporation at the time of a Change in Control, and does not resign his service with the Corporation have a Separation from Service prior to the consummation of the transaction which constitutes the Change in Control, the Corporation shall pay to the Director the benefit described in this Section 3.3 3.4 in lieu of any other benefit under this Agreement.