Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Bancorp or the Bank, Executive shall fail to perform his or her duties hereunder as a result of incapacity due to physical or mental illness, Executive shall continue to receive his or her full base salary monthly at the rate then in effect until his or her employment is terminated pursuant to paragraph 3(i) hereof (and for any longer period as may be provided under applicable plans).
Appears in 3 contracts
Samples: Change in Control Agreement (First Choice Bancorp), Change in Control Agreement (First Choice Bancorp), Change in Control Agreement (First Choice Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Bancorp or the BankCompany, Executive shall fail to perform his or her duties hereunder as because of a result of incapacity due to physical or mental illnessDisability, Executive shall continue to receive his or her full base salary monthly at the rate then in effect until his or her employment is terminated pursuant to paragraph 3(i) hereof (and for any longer period as may be provided under applicable plans)hereof.
Appears in 3 contracts
Samples: Agreement (Bank of Marin Bancorp), Agreement (Bank of Marin Bancorp), Agreement (Bank of Marin Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Bancorp or the BankCompany, Executive shall fail to perform his or her duties hereunder as because of a result of incapacity due to physical or mental illnessDisability, Executive shall continue to receive his or his/her full base salary monthly at the rate then in effect until his or her employment is terminated pursuant to paragraph 3(i) hereof (and for any longer period as may be provided under applicable plans)hereof.
Appears in 2 contracts
Samples: Agreement (Heritage Oaks Bancorp), Agreement (Heritage Oaks Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Bancorp or the BankCompany, Executive shall fail to perform his or her duties hereunder as a result of incapacity due to physical or mental illness, Executive shall continue to receive his or her full base salary monthly at the rate then in effect until his or her employment is terminated pursuant to paragraph 3(i) hereof (and for any longer period as may be provided under applicable plans).
Appears in 1 contract
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Bancorp or the BankCompany, Executive shall fail to perform his or her duties hereunder as because of a result of incapacity due to physical or mental illnessDisability, Executive shall continue to receive his or her full base salary monthly at the rate then in effect until his or her employment is terminated pursuant to paragraph 3(i) hereof (and for any longer period as may be provided under applicable plans)hereof.
Appears in 1 contract
Samples: Agreement (Bank of Marin Bancorp)
