Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon Termination of Employment following a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 23 contracts

Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)

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Change of Control Benefit. Upon a Termination of Employment employment following a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Agreement.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks)

Change of Control Benefit. Upon Termination of Employment following a Change of ControlControl followed by the Executive's Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this AgreementArticle.

Appears in 3 contracts

Samples: Continuation Agreement (Heartland Bancshares Inc/Fl), Continuation Agreement (Appalachian Bancshares Inc), Continuation Agreement (Heartland Bancshares Inc/Fl)

Change of Control Benefit. Upon Termination of Employment following a Change of ControlControl followed by the Executive’s Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.

Appears in 3 contracts

Samples: Vision Bancshares Inc, Park National Corp /Oh/, Park National Corp /Oh/

Change of Control Benefit. Upon Termination of Employment following a Change of Control, the Company Company, subject to the provisions of Subsection 2.4.1.1 and Section 5.3, shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Samples: Continuation Agreement (Team Financial Inc /Ks), Continuation Agreement (Team Financial Inc /Ks), Continuation Agreement (Team Financial Inc /Ks)

Change of Control Benefit. Upon Termination of Employment following a Change of Control, followed by the Executive’s Termination of Employment for reasons other than death, Disability, Early Termination, or after Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (Community Capital Corp /Sc/), Continuation Agreement (Community Capital Corp /Sc/)

Change of Control Benefit. Upon Termination of Employment following a Change of ControlControl followed by the Executive’s Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this AgreementArticle.

Appears in 2 contracts

Samples: Salary Continuation Agreement (United Bancshares Inc/Oh), Employment Agreement (United Bancshares Inc/Oh)

Change of Control Benefit. Upon a Change of Control followed by the Executive’s Involuntary Termination of Employment following a Change or Constructive Termination of ControlEmployment, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.

Appears in 2 contracts

Samples: Continuation Agreement (Park National Corp /Oh/), FSB Salary Continuation Agreement (Park National Corp /Oh/)

Change of Control Benefit. Upon Termination of Employment following a Change of ControlControl followed by the Executive’s Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc)

Change of Control Benefit. Upon Termination of Employment following a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Southern Community Bancorp)

Change of Control Benefit. Upon a Termination of Employment following a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Southern Community Bancorp)

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Change of Control Benefit. Upon Termination of Employment following a Change of Control, followed by the Executive’s Termination of Employment for reasons other than death, Disability or retirement, the Company shall pay to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Lowcountry National Bank (Coastal Banking Co Inc)

Change of Control Benefit. Upon Termination of Employment following a Change of Control, followed by the Executive’s Termination of Employment for reasons other than death, Disability, Early Termination or after Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Continuation Agreement (Community Capital Corp /Sc/)

Change of Control Benefit. Upon Termination of Employment following a Change of ControlControl prior to Termination of Employment, the Company Company, subject to the provisions of Section 2.6 and Section 5.3, shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Supplemental Income Agreement (Peoples Financial Corp /MS/)

Change of Control Benefit. Upon Termination of Employment following a Change of Control, the Company Company, subject to the provisions of Subsection 2.4.1.1 and Section 5.3, shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.. 2.4.1

Appears in 1 contract

Samples: Continuation Agreement (Team Financial Inc /Ks)

Change of Control Benefit. Upon Termination of Employment following a Change of Control, the Company shall pay to the Executive either the Voluntary Termination of Employment benefit or the Involuntary Termination of Employment benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: New Peoples (New Peoples Bankshares Inc)

Change of Control Benefit. Upon a Change in Control followed by a Termination of Employment following a Change of ControlEmployment, the Company shall pay to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Acnb Corp)

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