Common use of Change in Control Annual Benefit Clause in Contracts

Change in Control Annual Benefit. If the Trustee is in the active service of the Bank at the time of a Change in Control, has met the Years of Service Requirement as of the date of such Change in Control and does not resign his service with the Bank prior to the consummation of the transaction which constitutes the Change in Control, the Bank shall pay to the Trustee the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.