Common use of Termination Prior to Change in Control Clause in Contracts

Termination Prior to Change in Control. Notwithstanding anything in this agreement to the contrary, if a Change in Control occurs and (i) if the Executive’s employment with the Company or the Bank is terminated prior to the date on which Change in Control occurs, and if the termination of employment (a) was at the request or suggestion of a 3rd party who has taken steps reasonably calculated to effect the Change in Control or (b) otherwise arose in connection with or in anticipation of the Change in Control, or (ii) Executive has terminated his employment with Company and/or Bank for Good Reason prior to Change in Control, then Executive shall be entitled to the Income Protection Benefits and all other rights and privileges provided by this Agreement.

Appears in 8 contracts

Samples: Severance Compensation Agreement (Fentura Financial Inc), Severance Compensation Agreement (Fentura Financial Inc), Severance Compensation Agreement (Fentura Financial Inc)

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Termination Prior to Change in Control. Notwithstanding anything in this agreement to the contrary, if a Change in of Control occurs and (i) if the Executive’s employment with the Company or the Bank is terminated prior to the date on which Change in of Control occurs, and if the termination of employment (a) was at the request or suggestion of a 3rd party who has taken steps reasonably calculated to effect the Change in of Control or (b) otherwise arose in connection with or in anticipation of the Change in of Control, or (ii) Executive has terminated his employment with Company and/or Bank for Good Reason prior to Change in of Control, then Executive shall be entitled to the Income Protection Benefits and all other rights and privileges provided by this Agreement.

Appears in 7 contracts

Samples: Severance Compensation Agreement (Fentura Financial Inc), Severance Compensation Agreement (Fentura Financial Inc), Severance Compensation Agreement (Fentura Financial Inc)

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Termination Prior to Change in Control. Notwithstanding anything in this agreement to the contrary, if a Change in of Control occurs and (i) if the Executive’s 's employment with the Company or the Bank is terminated prior to the date on which Change in of Control occurs, and if the termination of employment (a) was at the request or suggestion of a 3rd party who has taken steps reasonably calculated to effect the Change in of Control or (b) otherwise arose in connection with or in anticipation of the Change in of Control, or (ii) Executive has terminated his employment with Company and/or Bank for Good Reason Cause prior to Change in of Control, then Executive shall be entitled to the Income Protection Benefits and all other rights and privileges provided by this Agreement.

Appears in 1 contract

Samples: Severance Compensation Agreement (Fentura Bancorp Inc)

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