Change in Control Annual Benefit Sample Clauses
Change in Control Annual Benefit. If the Trustee is in the active service of the Bank at the time of a Change in Control, has met the Years of Service Requirement as of the date of such Change in Control and does not resign his service with the Bank prior to the consummation of the transaction which constitutes the Change in Control, the Bank shall pay to the Trustee the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Change in Control Annual Benefit. If the Director is in the active service of the Corporation at the time of a Change in Control, and does not resign his service with the Corporation prior to the consummation of the transaction which constitutes the Change in Control, the Corporation shall pay to the Director the benefit described in this Section 3.3 in lieu of any other benefit under this Agreement.
Change in Control Annual Benefit. If the Director is in the active service of the Bank at the time of a Change in Control, and does not resign his service with the Bank prior to the consummation of the transaction which constitutes the Change in Control, the Bank shall pay to the Director the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Change in Control Annual Benefit. If the Executive is in the active service of the Bank at the time of a Change in Control, and does not resign his employment with the Bank prior to the consummation of the transaction which constitutes the Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.5 in lieu of any other benefit under this Agreement.