Common use of Modification of Amount Clause in Contracts

Modification of Amount. In the event that the amount of any Severance Payments that would be payable to or for the benefit of the Employee under this Agreement must be modified or reduced to comply with this Section 2, the Employee shall direct which Severance Payments are to be modified or reduced; provided, however, that no increase in the amount of any payment or change in the timing of the payment shall be made without the consent of SNB.

Appears in 3 contracts

Samples: Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc)

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Modification of Amount. In the event that the amount of any Severance Payments that would be payable to or for the benefit of the Employee under this Agreement must be modified or reduced to comply with this Section 214.2.2, the Employee shall direct which Severance Payments are to be modified or reduced; provided, however, that no increase in the amount of any payment or change in the timing of the payment shall be made without the consent of SNBEmployer.

Appears in 1 contract

Samples: Employment Agreement (Security Bank Corp)

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Modification of Amount. In the event that the amount of any Severance Payments that would be payable to or for the benefit of the Employee under this Agreement must be modified or reduced to comply with this Section 214.2.1, the Employee shall direct which Severance Payments are to be modified or reduced; provided, however, that no increase in the amount of any payment or change in the timing of the payment shall be made without the consent of SNBBank.

Appears in 1 contract

Samples: Employment Agreement (SNB Bancshares Inc)

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