Change in Control Agreement definition
Examples of Change in Control Agreement in a sentence
Executive has been terminated from employment with the Company under circumstances that entitle Executive to certain rights and benefits under the Change in Control Agreement, subject to the terms of this Release.
For the avoidance of doubt, the above definition of Cause is substantially similar to the applicable provision in Appendix A of the Change in Control Agreement.
The Company, which is the parent bank holding company of Red River Bank (the “Bank”), a Louisiana state banking corporation, and the Officer are parties to an Amended and Restated Change in Control Agreement, dated effective January 14, 2014 (the “Agreement”).
The rights and benefits of Executive under the Change in Control Agreement are in consideration of and subject to Executive’s execution, nonrevocation, and compliance with the terms of this Release.
As of the date hereof, Executive and the Company have also entered into a Noncompetition and Restrictive Covenants Agreement (the “Restrictive Covenants Agreement”) pursuant to the terms of the Change in Control Agreement.