Common use of Benefits Payable Upon a Qualifying Termination Outside of a Change in Control Clause in Contracts

Benefits Payable Upon a Qualifying Termination Outside of a Change in Control. (i) In the event of a Qualifying Termination prior to or more than 24 months following a Change in Control, (i) the Company will pay to Executive a lump-sum amount equal to the Standard Termination Payments within sixty (60) days of such Qualifying Termination and (ii) Executive will be entitled to such other employee benefits as may be provided under the terms of the employee benefit plans of the Company and its subsidiaries for the time period and in such amounts and forms as provided for in such plans.

Benefits Payable Upon a Qualifying Termination Outside of a Change in Control. (i) In the event of a Qualifying Termination prior to or more than 24 months following a Change in Control, (i) the Company Bank will pay to Executive a lump-sum amount equal to the Standard Termination Payments within sixty (60) days of such Qualifying Termination and (ii) Executive will be entitled to such other employee benefits as may be provided under the terms of the Bank’s employee benefit plans of the Company and its subsidiaries for the time period and in such amounts and forms as provided for in such plans.

Benefits Payable Upon a Qualifying Termination Outside of a Change in Control. (i) In the event of a Qualifying Termination prior to or more than 24 months following a Change in Control, (i) the Company will pay to Executive a lump-sum amount equal to the Standard Termination Payments within sixty (60) days of such Qualifying Termination and (ii) Executive will be entitled to such other employee benefits as may be provided under the terms of the Company’s employee benefit plans of the Company and its subsidiaries for the time period and in such amounts and forms as provided for in such plans.