Common use of Benefit Equalization Plan Clause in Contracts

Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s Benefit Equalization Plan (“BEP”) prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified to reduce or eliminate such benefits during the Contract Period.

Appears in 29 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

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Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s Benefit Equalization Plan (“BEP”) prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified or terminated to reduce or eliminate such benefits during the Contract Period.

Appears in 14 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s 's Benefit Equalization Plan ("BEP") prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified to reduce or eliminate such benefits during the Contract Period.

Appears in 7 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s Benefit Equalization Plan (“BEP”) prior to the Change in Change-in-Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Change-in-Control and such BEP may not be modified or terminated to reduce or eliminate such benefits during the Contract Period.

Appears in 4 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s Benefit Equalization Plan (“BEP”) prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified or terminated to reduce or eliminate such benefits during the Contract Period.. 8

Appears in 3 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

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Benefit Equalization Plan. During the Contract Period, if the Executive was entitled to benefits under the Company’s 's Benefit Equalization Plan ("BEP") prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified or terminated to reduce or eliminate such benefits during the Contract Period.

Appears in 1 contract

Samples: Change in Control Agreement (Valley National Bancorp)

Benefit Equalization Plan. During the Contract Period, if ------------------------- the Executive was entitled to benefits under the Company’s 's Benefit Equalization Plan ("BEP") prior to the Change in Control, the Executive shall be entitled to continued benefits under the BEP after the Change in Control and such BEP may not be modified to reduce or eliminate such benefits during the Contract Period.

Appears in 1 contract

Samples: Change in Control Agreement (Valley National Bancorp)

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