Change of Control Benefit. Upon a Change of Control followed within twelve (12) months by the Executive's Termination of Employment, the Bank shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.
Appears in 4 contracts
Samples: Continuation Agreement (Service 1st Bancorp), Continuation Agreement (Service 1st Bancorp), Salary Continuation Agreement (Service 1st Bancorp)
Change of Control Benefit. Upon a Change of Control followed within twelve twenty-four (1224) months by the Executive's Termination of EmploymentEmployment prior to Normal Retirement Age, the Bank shall pay to the Executive the benefit described in this Section 2.4 2.6 in lieu of any other benefit under this ArticleAgreement.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)
Change of Control Benefit. Upon a Change of Control followed within twelve (12) months by the Executive's ’s Termination of Employment, the Bank Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.
Appears in 4 contracts
Samples: Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp)
Change of Control Benefit. Upon a Change of Control followed within twelve twenty-four (1224) months by the Executive's ’s Termination of Employment, the Bank Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Redwood Empire Bancorp), Porter Bancorp, Inc.
Change of Control Benefit. Upon the Executive’s Termination of Employment within 36 months following the occurrence of a Change of Control followed within twelve (12) months by the Executive's Termination of EmploymentControl, the Bank shall pay to the Executive the benefit “Change in Control Benefit” described in this Section 2.4 in lieu of any other benefit under this ArticleAgreement.
Appears in 2 contracts
Samples: Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.), Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.)
Change of Control Benefit. Upon the Executive’s Termination of Employment on an Early Retirement Date and within 36 months following the occurrence of a Change of Control followed within twelve (12) months by the Executive's Termination of EmploymentControl, the Bank shall pay to the Executive the benefit “Change in Control Benefit” described in this Section 2.4 in lieu of any other benefit under this ArticleAgreement.
Appears in 1 contract
Samples: Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.)
Change of Control Benefit. Upon a Change of Control Control, followed within twelve (12) 36 months by either (i) the Bank terminating the Executive's Termination of Employmentemployment; or (ii) the Executive terminating employment after either a material reduction in job responsibilities or a reduction in the cash compensation paid annually the Executive prior to his Normal Retirement Date, the Bank shall pay to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this ArticleAgreement.
Appears in 1 contract
Samples: Compensation Agreement (Texas United Bancshares Inc)
Change of Control Benefit. Upon a Change of Control Control, followed within twelve (12) months by the Executive's ’s Termination of Employment, the Bank Company shall pay to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Harbor Bankshares Corp)
