Common use of Compensation and Benefits During Remaining Term of Agreement Clause in Contracts

Compensation and Benefits During Remaining Term of Agreement. In the event of the termination of the Executive's employment under Subparagraph (a), CNB shall pay or provide the compensation and benefits described in Paragraph 6(b), except that all such compensation and benefits shall be for a term of (i) eighteen (18) months from the Date of Termination, in the case of a termination prior to a Change in Control, or (ii) two (2) years from the Date of Termination in the case of a termination after a Change in Control, and the term of this Agreement shall continue until all such compensation and benefits are paid to Executive in full.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

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Compensation and Benefits During Remaining Term of Agreement. In the event of the termination of the ExecutiveEMPLOYEE's employment under Subparagraph (a), CNB shall pay or provide the compensation and benefits described in Paragraph 6(b), except that all such compensation and benefits shall be for ) over a term period of one (i1) eighteen (18) months from the Date of Termination, in the case of a termination prior to a Change in Control, or (ii) two (2) years from year beginning on the Date of Termination in the case of a termination after a Change in Control, and the term of this Agreement shall continue until all such compensation and benefits are paid to Executive EMPLOYEE in full.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

Compensation and Benefits During Remaining Term of Agreement. In the event of the termination of the Executive's employment under Subparagraph (a), CNB shall pay or provide the compensation and benefits described in Paragraph 6(b), except that all such compensation and benefits shall be for ) over a term period of one (i1) eighteen (18) months from the Date of Termination, in the case of a termination prior to a Change in Control, or (ii) two (2) years from year beginning on the Date of Termination in the case of a termination after a Change in Control, and the term of this Agreement shall continue until all such compensation and benefits are paid to Executive in full.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

Compensation and Benefits During Remaining Term of Agreement. In the event of the termination of the Executive's employment under Subparagraph (a), CNB shall pay or provide the compensation and benefits described in Paragraph 6(b), except that all such compensation and benefits shall be for a term of three (i) eighteen (18) months from the Date of Termination, in the case of a termination prior to a Change in Control, or (ii) two (23) years from the Date of Termination in the case of a termination after a Change in Control, and the term of this Agreement shall continue until all such compensation and benefits are paid to Executive in full.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

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Compensation and Benefits During Remaining Term of Agreement. In the event of the termination of the Executive's employment under Subparagraph (a), CNB shall pay or provide the compensation and benefits described in Paragraph 6(b), except that all such compensation and benefits shall be for the remaining term of this Agreement determined in accordance with Section 3 hereof, unless a change in control has occurred prior to such termination of employment, in which case all such compensation and benefits shall be for a term of three (i) eighteen (18) months from the Date of Termination, in the case of a termination prior to a Change in Control, or (ii) two (23) years from the Date of Termination in the case of a termination after a Change in Control, and the term of this Agreement shall continue until all such compensation and benefits are paid to Executive in full.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

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