Common use of Change in Control Benefit Clause in Contracts

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 10 contracts

Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)

AutoNDA by SimpleDocs

Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 9 contracts

Samples: Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.), Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.), Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive Participant the benefit described in this Section 2.4 3.4 in lieu of any other benefit under this Article.

Appears in 9 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeTermination of Employment, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings)

Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age followed by Separation from Service within twenty-four (24) months by Separation from Service prior to Normal Retirement Agefollowing the Change in Control, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 8 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc)

Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age and is followed within twenty-four (24) months by the Executive’s Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.3 in lieu of any other benefit under this Article.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)

Change in Control Benefit. If Upon a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to for reasons other than death, Disability or attaining Normal Retirement Age, the Bank shall distribute to the Executive Director the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this ArticleAgreement.

Appears in 5 contracts

Samples: Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by the Executive’s Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 4 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service, provided, however, that such Separation from Service is prior to the Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Article.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Bancorp 34, Inc.), Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four twenty (24) months by a Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive Director the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 3 contracts

Samples: Supplemental Retirement Plan (Ameriana Bancorp), Supplemental Retirement Plan (Ameriana Bancorp), Supplemental Retirement Plan (Ameriana Bancorp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from of Service prior to Normal Retirement Age, the Bank Employer shall distribute to pay the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Articlebelow.

Appears in 3 contracts

Samples: Salary Continuation Agreement (First Clover Leaf Financial Corp.), Salary Continuation Agreement (First Clover Leaf Financial Corp.), Salary Continuation Agreement (First Clover Leaf Financial Corp.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from of Service prior to Normal Retirement Age, the Bank Company shall distribute to pay the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this ArticleAgreement.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Oak Valley Bancorp), Salary Continuation Agreement (Oak Valley Bancorp), Salary Continuation Agreement (Oak Valley Bancorp)

Change in Control Benefit. If a Change in Control occurs prior to age 63, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement, Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.), Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeAge (provided the Separation from Service occurs within eighteen (18) months following a Change in Control), the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp), Supplemental Employee Retirement Plan (Cascade Bancorp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four twelve (2412) months by Separation from Service prior to Normal Early Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.5 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp)

Change in Control Benefit. If Upon a Change in Control occurs followed within twenty-four (24) months by a Separation from Service, provided the Separation from Service occurs prior to the Director’s Normal Retirement Age, the Bank shall distribute to the Executive Director the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Mercer Bancorp, Inc.)

Change in Control Benefit. If Upon a Change in Control occurs followed within twentythirty-four six (2436) months by a Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Luther Burbank Corp), Salary Continuation Agreement (Luther Burbank Corp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (FSB Bancorp, Inc.), Supplemental Executive Retirement Agreement (FSB Community Bankshares Inc)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeAge followed by Separation from Service, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Mutualfirst Financial Inc), Salary Continuation Plan (Ameriana Bancorp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeAge (provided the Separation from Service occurs within eighteen (18) months following a Change in Control), the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp), Supplemental Employee Retirement Plan (Cascade Bancorp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.)

AutoNDA by SimpleDocs

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four twelve (2412) months by Separation from Service Service, for a Good Reason, prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Long Term Incentive Agreement, Long Term Incentive Agreement (Nara Bancorp Inc)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by the Executive's Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (Plumas Bancorp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive Director the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Director Fee Continuation Agreement (MFB Corp)

Change in Control Benefit. If a Change in Control occurs prior to age 57, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Riverview Financial Corp)

Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age followed by Separation from Service within twenty-four (24) months by Separation from Service prior to Normal Retirement Agefollowing the Change in Control, the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeRetirement, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (Camco Financial Corp)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service Service, prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (Orrstown Financial Services Inc)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Rhinebeck Bancorp, Inc.)

Change in Control Benefit. If a Change in Control occurs occurs, followed within twenty-four (24) months by Separation from Service, provided, however, that such Separation from Service is prior to the Normal Retirement Age, the Bank shall distribute to the Executive Director the benefit described in this Section 2.4 in lieu of any other benefit under this Article.. BANK’34

Appears in 1 contract

Samples: Director Retirement Agreement (Alamogordo Financial Corp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Early Retirement AgeAge (provided the Separation from Service occurs within twelve (12) months following a Change in Control), the Bank shall distribute to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp)

Change in Control Benefit. If a Change in Control occurs followed within twenty-four twelve (2412) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Cascade Bancorp)

Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age followed by Separation from Service within twenty-four (24) months by Separation from Service prior to Normal Retirement Agefollowing the Change in Control, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.. Penn Security Bank and Trust Company Supplemental Executive Retirement Plan Agreement

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Penseco Financial Services Corp)

Change in Control Benefit. If Upon a Change in Control occurs followed within twentythirty-four six (2436) months by a Separation from Service prior to Normal Retirement AgeService, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (County Bancorp, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!