Common use of Trigger Events Clause in Contracts

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Norwood Financial Corp), Change in Control Severance Agreement (Norwood Financial Corp), Change in Control Severance Agreement (Norwood Financial Corp)

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Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank Employer or the Company or their its successor(s) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period; provided that any such termination constitutes a Separation from Service.

Appears in 2 contracts

Samples: Control Severance Agreement (Iberiabank Corp), Control Severance Agreement (Iberiabank Corp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of 3of this Agreement in the event that (Ii) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Ameriana Bancorp), Change in Control Severance Agreement (Ameriana Bancorp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period.

Appears in 2 contracts

Samples: Agreement (HCB Bancshares Inc), Agreement (HCB Bancshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank or the Company or their its successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period, or (iii) the employee voluntarily terminates employment for any reason other than Just Cause within 30 days after a Change in Control.

Appears in 2 contracts

Samples: Control Severance Agreement (Iberiabank Corp), Control Severance Agreement (Iberiabank Corp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Control Protective Agreement (First South Bancorp Inc /Va/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (Ii) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Control Protective Agreement (First South Bancorp Inc /Va/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (Ii) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the effective date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Control Protective Agreement (First South Bancorp Inc /Va/)

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Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank or the Company or their its successor(s) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period, or (iii) the employee voluntarily terminates employment for any reason other than Just Cause within 30 days after a Change in Control.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Iberiabank Corp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (Ii) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the effective date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Control Protective Agreement (First South Bancorp Inc /Va/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (Ii) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Norwood Financial Corp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Section 3 of this Agreement in the event that (I) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (iii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiiii) the Bank or the Company or their successor(sits successors) in interest terminate the Employee's ’s employment for any reason other than Just Cause during the Protected Period, or (iii) the employee voluntarily terminates employment for any reason other than Just Cause within 30 days after a Change in Control.

Appears in 1 contract

Samples: Control Severance Agreement (Iberiabank Corp)

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