Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon Termination of Employment within 12 months subsequent to a Change of Control and prior to 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 5 contracts

Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)

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Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 12 36 months subsequent to following the occurrence of a Change of Control and prior to Normal Retirement AgeControl, the Company shall pay to the Executive the benefit "Change of Control Benefit" described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi)

Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months by the Executive’s Termination of Employment within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefor reasons other than death, Disability or retirement, 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 4 contracts

Samples: Continuation Agreement (Sierra Bancorp), Continuation Agreement (FCB Bancorp), Continuation Agreement (Sierra Bancorp)

Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months by the Executive's Termination of Employment within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefor reasons other than death, Disability or retirement, 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 3 contracts

Samples: Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/)

Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months by the Executive's Termination of Employment within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefor reasons other than death, Disability or retirement, 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 3 contracts

Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)

Change of Control Benefit. Upon the Executive’s Termination of Employment within 12 twelve (12) months subsequent to following a Change of Control and prior to Normal Retirement Agefor reasons other than death, Disability, or Retirement, the Company shall pay to the Executive the benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)

Change of Control Benefit. Upon Termination of Employment within 12 months subsequent to a Change of Control and followed within twenty-four (24) months by Termination of Employment prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 2.6 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

Change of Control Benefit. Upon the Executive’s Termination of Employment within 12 twelve (12) months subsequent to following a Change of Control and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (Consumers Bancorp Inc /Oh/), Consumers National Bank (Consumers Bancorp Inc /Oh/)

Change of Control Benefit. Upon Termination of Employment a Separation from Service within 12 months subsequent to a Change of Control and prior to 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 Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)

Change of Control Benefit. Upon the Executive’s Voluntary or Involuntary Termination of Employment within 12 twelve (12) months subsequent to following a Change of Control and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

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Change of Control Benefit. Upon Termination of Employment within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefollowed within 12 months 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 1 contract

Samples: Continuation Agreement (Camco Financial Corp)

Change of Control Benefit. Upon Termination of Employment within 12 twenty-four (24) months subsequent to following a Change of Control and prior to Normal Retirement AgeControl, the Company Company, subject to the provisions of Section 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 1 contract

Samples: Continuation Agreement (Citizens Holding Co /MS/)

Change of Control Benefit. Upon the Executive’s Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 12 36 months subsequent to following the occurrence of a Change of Control and prior to Normal Retirement AgeControl, the Company shall pay to the Executive the benefit “Change of Control Benefit” described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Agreement (Cb Bancshares Inc/Hi)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 12 36 months subsequent to following the occurrence of a Change of Control and prior to Normal Retirement AgeControl, the Company shall pay to the Executive the benefit "Change of Control Benefit" described in this Section 2.4 3.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Agreement (Cb Bancshares Inc/Hi)

Change of Control Benefit. Upon Termination of Employment within 12 24 months subsequent to a Change of Control and prior to 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 (Tri County Financial Corp /Md/)

Change of Control Benefit. Upon Termination of Employment prior to Normal Retirement Age but within 12 months subsequent to two (2) years following a Change of Control and prior to Normal Retirement Age(other than by reason of Disability), 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 (Greer Bancshares Inc)

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