Common use of Termination Without Cause or Resignation for Good Reason, After a Change in Control Clause in Contracts

Termination Without Cause or Resignation for Good Reason, After a Change in Control. If in the twenty-four (24) month period following a Change in Control, Executive (i) Resigns for Good Reason or (ii) is otherwise Terminated Without Cause, the Bank shall pay to Executive a lump sum payment equal to eighteen (18) months base salary then in effect. Such lump sum shall be paid not later than the tenth (10th) day following the date of Termination Without Cause or a Resignation for Good Reason.

Termination Without Cause or Resignation for Good Reason, After a Change in Control. If in the twenty-four (24) 24 month period following a Change in Control, Executive (i) Resigns for Good Reason or (ii) is otherwise Terminated Without Cause, the Bank and Bancorp shall pay to Executive Executive, in the aggregate, a lump sum payment equal to eighteen (18) 24 months base salary then in effect. Such lump sum shall be paid not later than the tenth (10th) day following the date of Termination Without Cause or a Resignation for Good Reason.

Termination Without Cause or Resignation for Good Reason, After a Change in Control. If in the twenty-four (24) 24 month period following a Change in Control, Executive (i) Resigns for Good Reason or (ii) is otherwise Terminated Without Cause, the Bank shall pay to Executive a lump sum payment equal to eighteen (18) 24 months base salary then in effect. Such lump sum shall be paid not later than the tenth (10th) day following the date of Termination Without Cause or a Resignation for Good Reason.