EQUIVALENCY PAYMENT. The Company shall pay the Executive a lump sum cash payment equal to two times the sum of the Executive's "deemed matching contribution" (as determined under paragraph (2) below) and the Executive's "deemed profit-sharing contribution" (as determined under paragraph (3) below.
Appears in 4 contracts
Sources: Change in Control Agreement (West Coast Bancorp /New/Or/), Change in Control Agreement (West Coast Bancorp /New/Or/), Change in Control Agreement (West Coast Bancorp /New/Or/)
EQUIVALENCY PAYMENT. The Company shall pay the Executive a lump sum cash payment equal to two three times the sum of the Executive's "deemed matching contribution" (as determined under paragraph (2) below) and the Executive's "deemed profit-sharing contribution" (as determined under paragraph (3) below.
Appears in 1 contract
Sources: Change in Control Agreement (West Coast Bancorp /New/Or/)