Payment upon. Change in Control. In the event of a Change in Control (as defined herein) during the term of this Agreement, the Bank agrees to pay Executive a cash payment equal to one times the Base Annual Salary of Executive received during the one (1) year period prior to the Change in Control, to be paid within thirty (30) days of the consummation of the Change in Control. The Bank's provision of this benefit to Executive is made without regard to whether, or for how long, Executive remains employed with the surviving company subsequent to the Change in Control.
Appears in 5 contracts
Sources: Change in Control Agreement (Uscb Financial Holdings, Inc.), Change in Control Agreement (Uscb Financial Holdings, Inc.), Change in Control Agreement (Uscb Financial Holdings, Inc.)