Common use of Closing of Change In Control Clause in Contracts

Closing of Change In Control. If, consistent with Section 1, Executive remains employed with the Bank through the closing of a Change in Control, then upon such closing, Executive shall receive a single cash payment (the "CHANGE IN CONTROL PAYMENT") in an amount equal to one and one-half (1.5) times Executive's highest W-2 income (before salary deferrals) received from the Bank over the three years preceding the date of closing. Upon payment of the Change in Control Payment to Executive, this Agreement shall terminate.

Closing of Change In Control. If, consistent with Section 12, Executive remains employed with the Company and the Bank through the closing of a Change in Control, then upon concurrent with such closing, Executive shall receive a single cash payment (the "CHANGE IN CONTROL PAYMENT") in an amount equal to one and one-half (1.51) times Executive's highest W-2 income ’s Compensation (before salary deferrals) received from the Bank over the three years preceding the date of closing. Upon payment of the “Change in Control Payment to Executive, this Agreement shall terminatePayment”).

Closing of Change In Control. If, consistent with Section 12, Executive remains employed with the Company and the Bank through the closing of a Change in Control, then upon concurrent with such closing, Executive shall receive a single cash payment (the "CHANGE IN CONTROL PAYMENT") in an amount equal to one and one-half (1.51/2) times Executive's highest W-2 income ’s Compensation (before salary deferrals) received from the Bank over the three years preceding the date of closing. Upon payment of the “Change in Control Payment to Executive, this Agreement shall terminatePayment”).

Closing of Change In Control. If, consistent with Section 1, Executive remains employed with MBHC and the Bank through the closing of a Change in Control, then upon concurrent with such closing, Executive shall receive a single cash payment (the "CHANGE IN CONTROL PAYMENT"“Change in Control Payment”) in an amount equal to one and one-half two (1.52) times Executive's ’s highest W-2 income (before salary deferrals) received from MBHC and/or the Bank over the three years preceding the date of closing. Upon payment of the Change in Control Payment to Executive, this Agreement shall terminate.

Closing of Change In Control. If, consistent with Section 12, Executive remains employed with the Company and the Bank through the closing of a Change in Control, then upon concurrent with such closing, Executive shall receive a single cash payment in an amount equal to ONE-HALF (0.5) times Executive's Compensation (the "CHANGE IN CONTROL PAYMENT") in an amount equal to one and one-half (1.5) times Executive's highest W-2 income (before salary deferrals) received from the Bank over the three years preceding the date of closing. Upon payment of the Change in Control Payment to Executive, this Agreement shall terminate).