Common use of Employment After a Change in Control Clause in Contracts

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 14 contracts

Samples: Management Continuity Agreement (Citizens Bancorp of Virginia Inc), Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Union Bankshares Corp)

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Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive Officer is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive Officer in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 8 contracts

Samples: Change in Control Agreement (Monarch Financial Holdings, Inc.), Change in Control Agreement (Monarch Financial Holdings, Inc.), Change in Control Agreement (Monarch Financial Holdings, Inc.)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive Officer is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive Officer in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on day prior to the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 2 contracts

Samples: Change in Control Agreement (Blue Ridge Bankshares, Inc.), Change in Control Agreement (Blue Ridge Bankshares, Inc.)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 1213) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 2 contracts

Samples: Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Union Bankshares Corp)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs Date (the “Change as defined in Control Date”Section 12), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 2 contracts

Samples: Management Continuity Agreement (Citizens Bancorp of Virginia Inc), Management Continuity Agreement (Citizens Bancorp of Virginia Inc)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third first anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 2 contracts

Samples: Management Continuity Agreement (Bay Banks of Virginia Inc), Management Continuity Agreement (Bay Banks of Virginia Inc)

Employment After a Change in Control. If a Change in Control of the Company (Company, as defined in Section 12) 12(a), occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third second anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 1 contract

Samples: Management Continuity Agreement (Virginia National Bankshares Corp)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third second anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 1 contract

Samples: Management Continuity Agreement (Virginia National Bankshares Corp)

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Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 1213) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the "Change in Control Date"), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the "Employment Period"). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 1 contract

Samples: Management Continuity Agreement (F&m National Corp)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period Period, and the Executive is employed by the Company on the date on which the Change in Control occurs (the “Change in Control Date”), the Company will shall continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third second anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is will be deemed to be the date of the last of such transactions.

Appears in 1 contract

Samples: Change in Control Agreement (Books a Million Inc)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 1 contract

Samples: Management Continuity Agreement (Union First Market Bankshares Corp)

Employment After a Change in Control. If a Change in Control of the Company (as defined in Section 1211) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third first anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

Appears in 1 contract

Samples: Management Continuity Agreement (Premier Community Bankshares Inc)

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