Common use of Rights in Event of Termination of Employment Absent Change in Control Clause in Contracts

Rights in Event of Termination of Employment Absent Change in Control. (a) If Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death or Disability) absent a Change in Control, Executive shall be entitled to receive the compensation and benefits set forth below as defined below:

Appears in 3 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

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Rights in Event of Termination of Employment Absent Change in Control. (a) If Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death or Disability) or if the Corporation or the Bank terminate this Agreement pursuant to a Non-Renewal Notice, either occurring absent a Change in Control, or if Executive’s employment is voluntarily terminated by Executive for Good Reason absent a Change in Control, Executive shall be entitled to receive the compensation and benefits set forth below as defined below:

Appears in 2 contracts

Samples: Release Agreement (Malvern Bancorp, Inc.), Release Agreement (Malvern Bancorp, Inc.)

Rights in Event of Termination of Employment Absent Change in Control. (a) If In the event that Executive’s employment is involuntarily terminated by the Corporation or and the Bank without Cause (other than for death or Disability) absent a and no Change in ControlControl shall have occurred at the date of such termination and such termination constitutes a Separation of Service, Executive shall be entitled to receive the compensation and benefits set forth below as defined below:and

Appears in 2 contracts

Samples: Employment Agreement (Fidelity D & D Bancorp Inc), Employment Agreement (Fidelity D & D Bancorp Inc)

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Rights in Event of Termination of Employment Absent Change in Control. (a) If In the event that the Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death Cause or Disability) absent a Disability and no Change in Control, Executive Control shall be entitled to receive have occurred at the compensation and benefits set forth below as defined below:date of such termination,

Appears in 1 contract

Samples: Release Agreement (Ameriserv Financial Inc /Pa/)

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