TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 8 contracts
Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp), Continuation Agreement (Central Valley Community Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [I]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 7 contracts
Samples: Supplemental Retirement Plan (Bank of Granite Corp), Executive Supplemental Retirement Plan (Bank of Granite Corp), Supplemental Retirement Plan (Carolina Bank Holdings Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said such assumptions should change and said the change has a detrimental effect on this Executive PlanAgreement, then the Bank reserves the right to terminate or modify this Agreement accordinglyAgreement. Upon a Change of Control (Paragraph IX), this This paragraph shall become null and void effective immediately upon said a Change of In Control.
Appears in 6 contracts
Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Second Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanPlan as determined by the Bank in its sole discretion, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [H]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 4 contracts
Samples: Supplemental Retirement Plan (Ecb Bancorp Inc), Supplemental Retirement Plan (Ecb Bancorp Inc), Executive Supplemental Retirement Plan (Ecb Bancorp Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said such assumptions should change and said such change has a detrimental effect on this Executive PlanAgreement, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX)Control, this paragraph shall become null and void effective immediately upon said such Change of Control.
Appears in 2 contracts
Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Director Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [J]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 2 contracts
Samples: Agreement (South Street Financial Corp), Agreement (South Street Financial Corp)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Trustee Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [I]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Supplemental Retirement Plan Agreement (Hampden Bancorp, Inc.)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Director Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [I]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Southfirst Bancshares Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanDirector Plan as determined by the Bank in its sole discretion, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [H]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Ecb Bancorp Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanAgreement, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXV), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Union National Financial Corp / Pa)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanDirectors Delayed Compensation Plan Agreement, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Compensation Plan Agreement (Community Trust Financial Services Corporation)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Director to Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of to Control [Subparagraph I (Paragraph IXI)], this paragraph shall become null and void effective immediately upon said Change of to Control.
Appears in 1 contract
Samples: Supplemental Retirement Plan (Steelton Bancorp Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanAgreement, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [H]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Director Supplemental Retirement Agreement (Netbank Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive PlanDirector Plan as determined by the Bank in its sole discretion, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [I]), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Ecb Bancorp Inc)
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IXSubparagraph I [I]), this paragraph shall become null and void effective immediately upon said Change of Control.. BENEFICIARY DESIGNATION FORM FOR THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT
Appears in 1 contract
Samples: Agreement (Bucs Financial Corp)
