Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination Date, the Bank shall pay to the Director the benefit described in this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Samples: Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp)

AutoNDA by SimpleDocs

Change of Control Benefit. Upon a Change of Control while If the Director is in the active service of the Bank and prior to when the Normal Termination Datechange occurs, the Bank shall pay to the Director the benefit described in this Section 4.3 4.4 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (First Perry Bancorp, Inc), Director Deferred Fee Agreement (Riverview Financial Corp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination DateBank, the Bank shall pay to the Director the benefit described in this Section 4.3 2.4 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Director Retirement Agreement (Lawrence Financial Holdings Inc), Lawrence Financial Holdings Inc

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination Date and the Distribution Date, the Bank shall pay to the Director the benefit described in this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination DateBank, the Bank shall pay to the Director the benefit described in this Section 4.3 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Capital Corp of the West)

AutoNDA by SimpleDocs

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination DateBank., the Bank shall pay to the Director the benefit described in this Section 4.3 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Fee Agreement (First Shares Bancorp Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Bank and prior to the Normal Termination DateSpecified Time, the Bank shall pay to the Director the benefit described in this Section 4.3 4.04 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Plumas Bank (Plumas Bancorp)

Change of Control Benefit. Upon a Change of Control while followed by the Director is in the active service Director’s Termination of the Bank and prior to the Normal Service (other than a Termination Datefor Cause), the Bank shall pay to the Director the benefit Change of Control Benefit, as described in this Section 4.3 2.4, in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Continuation Agreement (Appalachian Bancshares Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.