Common use of OBLIGATIONS OF BANK Clause in Contracts

OBLIGATIONS OF BANK. The termination of Executive’s employment, other than following a Change in Control, shall not result in any obligation of the Bank under this Agreement.

Appears in 39 contracts

Samples: Change in Control Agreement (Marathon Bancorp, Inc. /MD/), Change in Control Agreement (Peapack Gladstone Financial Corp), Change in Control Agreement (Marathon Bancorp, Inc. /MD/)

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OBLIGATIONS OF BANK. The termination of Executive’s 's employment, other than following a Change in Control, shall not result in any obligation of the Bank under this Agreement.

Appears in 14 contracts

Samples: One Year Change in Control Agreement (Poage Bankshares, Inc.), Change in Control Agreement (OmniAmerican Bancorp, Inc.), Change in Control Agreement (OmniAmerican Bancorp, Inc.)

OBLIGATIONS OF BANK. The termination of Executive’s employment, other than following a Change in Control, shall not result in any obligation of the Bank or the Company under this Agreement.

Appears in 7 contracts

Samples: Change in Control Agreement (Bridge Bancorp Inc), Change in Control Agreement (Legacy Bancorp, Inc.), Control Agreement (Legacy Bancorp, Inc.)

OBLIGATIONS OF BANK. The termination of the Executive’s employment, other than a Qualifying Termination Event following a Change in Control, shall will not result in any obligation of the Bank (or any affiliate of the Bank, including the Company) under this Agreement.

Appears in 4 contracts

Samples: Change in Control Agreement (Central Plains Bancshares, Inc.), Change in Control Agreement (Central Plains Bancshares, Inc.), Change in Control Agreement (VWF Bancorp, Inc.)

OBLIGATIONS OF BANK. The termination of the Executive’s employment, other than following a Change in ControlQualifying Termination Event, shall will not result in any obligation of the Bank (or any affiliate of the Bank, including the Company) under this Agreement.

Appears in 4 contracts

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

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OBLIGATIONS OF BANK. The termination of the Executive’s employment, other than a qualifying termination event following a Change in Control, shall will not result in any obligation of the Bank (or any affiliate of the Bank, including the Company) under this Agreement.

Appears in 3 contracts

Samples: Change in Control Agreement (Blue Foundry Bancorp), Change in Control Agreement (Blue Foundry Bancorp), Change in Control Agreement (Blue Foundry Bancorp)

OBLIGATIONS OF BANK. The termination of the Executive’s employment, other than a qualifying termination event following a Change in Control, shall will not result in any obligation of the Bank (or any affiliate of the Bank, including the Company) under this Agreement.. Exhibit 10.5

Appears in 1 contract

Samples: Change in Control Agreement (Blue Foundry Bancorp)

OBLIGATIONS OF BANK. The termination of Executive’s employment, other than following a Change in Control, shall not result in any obligation of the Bank under this Agreement. Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Bank and the Executive, and the Bank may terminate the Executive’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 1 contract

Samples: Two Year Change in Control Agreement (Meridian Bancorp, Inc.)

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