Common use of Settlement of All Disputes Clause in Contracts

Settlement of All Disputes. (a) The Employee and the Company acknowledge that the Compensation Committee of the Company’s Board intends to review and approve a schedule indicating a method of calculating certain payments to be made to the Employee hereunder in the event of a Termination upon a Change of Control. In the event that the compensation plans referred to herein change prior to a Change of Control, the Compensation Committee of the Company’s Board may, prior to such Change of Control, revise the schedule to reflect such changes. The method of calculation set forth on such schedule, as so revised prior to a Change of Control, shall be followed by the parties hereto unless manifestly unfair to the Employee.

Appears in 13 contracts

Samples: Severance Agreement (Bryn Mawr Bank Corp), Severance Agreement (Bryn Mawr Bank Corp), Severance Agreement (Bryn Mawr Bank Corp)

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Settlement of All Disputes. (a) The Employee and the Company acknowledge that the Compensation Committee of the Company’s 's Board intends to review and approve a schedule indicating a method of calculating certain payments to be made to the Employee hereunder in the event of a Termination upon a Change of Control. In the event that the compensation plans referred to herein change prior to a Change of Control, the Compensation Committee of the Company’s 's Board may, prior to such Change of Control, revise the schedule to reflect such changes. The method of calculation set forth on such schedule, as so revised prior to a Change of Control, shall be followed by the parties hereto unless manifestly unfair to the Employee.

Appears in 1 contract

Samples: Employment Agreement (Bryn Mawr Bank Corp)

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