Common use of BENEFIT STATEMENT Clause in Contracts

BENEFIT STATEMENT. “Benefit Statement” shall mean a written statement showing in a clear and understandable presentation all payments and benefits and the amounts and methods of calculation thereof owed by Bank to Executive upon Executive’s termination of employment with Bank as prepared by or under the direction of Bank.

Appears in 5 contracts

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

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