Common use of Services During Certain Events Clause in Contracts

Services During Certain Events. In the event any person, firm or corporation unaffiliated with the Bank begins a tender or exchange offer, circulates a proxy to stockholders, or takes other steps to effect a Change in Control (as hereinafter defined), Executive agrees that he will not voluntarily leave the employ of the Bank on less than 4 months written notice to the Chairman of the Board or Chairman of the Executive Committee of the Bank, will render the services expected of his position and will act in all things related to the possible Change in Control in the manner he believes in good faith to be in the best interests of the shareholders of the Bank until such person, firm or corporation has abandoned or terminated his or its efforts to effect a Change in Control or until a Change in Control has occurred.

Appears in 7 contracts

Samples: Change in Control Compensation Agreement (Banctrust Financial Group Inc), Change in Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (South Alabama Bancorporation Inc /De/)

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Services During Certain Events. In the event any person, firm or corporation unaffiliated with the Bank Company begins a tender or exchange offer, circulates a proxy to stockholdersshareholders, or takes other steps to effect a Change in Control (as hereinafter defined), Executive agrees that he will not voluntarily leave the employ of the Bank Company on less than 4 months written notice to the Chairman of the Board or Chairman of the Executive Committee of the BankCompany, will render the services expected of his position and will act in all things related to the possible Change in Control in the manner he believes in good faith to be in the best interests of the shareholders of the Bank Company until such person, firm or corporation has abandoned or terminated his or its efforts to effect a Change in Control or until a Change in Control has occurred.

Appears in 5 contracts

Samples: Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (Banctrust Financial Group Inc)

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Services During Certain Events. In the event any person, firm or corporation unaffiliated with the Bank begins a tender or exchange offer, circulates a proxy to stockholders, or takes other steps to effect a Change in Control (as hereinafter defined), Executive agrees that he will not voluntarily leave the employ of the Bank on less than 4 months written notice to the Chairman of the Board or Chairman of the Executive Committee of the Bank, will render the services expected of his position and will act in all things related to the possible Change in Control in the manner he believes in good faith to be in the best interests of the shareholders of the Bank until such person, firm or corporation has abandoned or terminated his or its efforts to effect a Change change in Control or until a Change in Control has occurred.

Appears in 2 contracts

Samples: Change in Control Compensation Agreement (Banctrust Financial Group Inc), Change in Control Compensation Agreement (Banctrust Financial Group Inc)

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