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 Company, the Company shall pay to the Director the benefit described in this Section 4.5 in lieu of any other benefit under this Agreement.

Appears in 16 contracts

Samples: Incentive Retirement Agreement (Smithtown Bancorp Inc), Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

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Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.

Appears in 9 contracts

Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.), Director Deferred Compensation Agreement (HCSB Financial Corp), Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 2.4 in lieu of any other benefit under this Agreement.

Appears in 7 contracts

Samples: Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp)

Change of Control Benefit. Upon a Change of Control while regardless of whether the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.

Appears in 6 contracts

Samples: Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the CompanyControl, the Company shall pay to the Director the benefit described in this Section 4.5 2.4 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Elgin Financial Savings Bank (Efc Bancorp Inc), Elgin Financial Savings Bank Director Retirement Agreement (Efc Bancorp Inc), Elgin Financial Savings Bank (Efc Bancorp Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the CompanyControl, the Company shall pay to the Director the benefit described in this Section 4.5 2.3 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Samples: Director Retirement Agreement (McIntosh Bancshares Inc /Ga/), Director Retirement Agreement (McIntosh Bancshares Inc /Ga/), Director Retirement Agreement (McIntosh Bancshares Inc /Ga/)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the CompanyControl, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Fee Agreement (Community Valley Bancorp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.restatement. 4.4.1

Appears in 1 contract

Samples: Deferred Fee Agreement (Lafayette Bancorporation)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the CompanyControl, the Company shall pay to the Director the benefit described in this Section 4.5 4.3 in lieu of any other further benefit under this Agreement.

Appears in 1 contract

Samples: Deferred Fee Agreement (San Joaquin Bancorp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 in lieu of any other benefit under this Agreement.. 104

Appears in 1 contract

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp)

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Change of Control Benefit. Upon a Change of Control while If the Director is in the active service of the CompanyCompany at the time of a Change of Control, the Company shall pay to the Director the benefit described in this Section 4.5 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Director Retirement Agreement (Orrstown Financial Services Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the CompanyControl, the Company shall pay to the Director the benefit described in this Section 4.5 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: 2005 Director Deferred Fee Agreement (Luxemburg Bancshares Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.. 4

Appears in 1 contract

Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 2.3 in lieu of any other benefit under this Agreement. 2.3.

Appears in 1 contract

Samples: Retirement Agreement (City National Bancshares Corp)

Change of Control Benefit. Upon a Change of Control while the Director is in the active service of the Company, the Company shall pay to the Director the benefit described in this Section 4.5 4.4 in lieu of any other benefit under this Agreement.. 4.4.1

Appears in 1 contract

Samples: Fee Agreement (Orange National Bancorp)

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