Common use of Amount of Change in Control Benefit Clause in Contracts

Amount of Change in Control Benefit. The Change in Control Benefit is the greater of (i) two (2) times the Executive’s base salary in effect immediately preceding the Termination of Employment or (ii) one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

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Amount of Change in Control Benefit. The Change in Control Benefit is the greater sum of (i) two __________ times the sum of (2a) times the Executive’s base salary Base Salary in effect immediately preceding the Termination of Employment or and (b) the incentive compensation paid to the Executive by the Company during the immediately preceding calendar year and (c) the equity compensation paid to the Executive by the Company during the immediately preceding calendar year; plus (ii) one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Amount of Change in Control Benefit. The Change in Control Benefit is the greater of (i) two one (21) times the Executive’s base salary Base Salary in effect immediately preceding the Termination of Employment or (ii) one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Amount of Change in Control Benefit. The Change in Control Benefit is the greater of (i) two one (21) times the Executive’s base salary in effect immediately preceding the Termination of Employment or (ii) one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

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Amount of Change in Control Benefit. The Change in Control Benefit is the greater of (i) two (2) times the Executive’s base salary Base Salary in effect immediately preceding the Termination of Employment or (ii) one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

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