Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Citizens South Banking Corp), Salary Continuation Agreement (Citizens South Banking Corp), Salary Continuation Agreement (Citizens South Banking Corp)
Change in Control Benefit. If the Executive's ’s employment with the Bank terminates involuntarily within 12 24 months after the first occurrence of a Change in Control, Control or if in the event the Executive terminates employment voluntarily for Good Reason within 12 24 months after a of such Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's ’s employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months after a Change in Control, Control (excepting Termination for Cause) or if in the event the Executive terminates employment voluntarily for Good Reason within 12 months after a such Change in Control, the Bank shall pay to the Executive Executive's designated beneficiary the survivor income benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if 2.5 provided the Executive's employment is terminated under circumstances described in Article 5 of this AgreementExecutive dies before reaching age 85.
Appears in 4 contracts
Samples: Executive Survivor Income Agreement (Middlefield Banc Corp), Executive Survivor Income Agreement (Middlefield Banc Corp), Executive Survivor Income Agreement (Middlefield Banc Corp)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months after a Change in Control, Control or if the Executive terminates employment voluntarily for Good Reason within 12 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 2.3 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated termination occurs under circumstances described in Article 5 of this Agreement.
Appears in 3 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)
Change in Control Benefit. If the Executive's ’s employment with the Bank terminates involuntarily within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's ’s employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Midcarolina Financial Corp), Salary Continuation Agreement (Midcarolina Financial Corp), Salary Continuation Agreement (Midcarolina Financial Corp)
Change in Control Benefit. If the Executive's =s employment with the Bank terminates involuntarily within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's =s employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Crescent Financial Corp), Salary Continuation Agreement (Crescent Financial Corp)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Premierwest Bancorp), Salary Continuation Agreement (Premierwest Bancorp)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 24 months after the first occurrence of a Change in Control, Control or if in the event the Executive terminates employment voluntarily for Good Reason within 12 24 months after a of such Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 2 contracts
Samples: Salary Continuation Agreement (First Northern Community Bancorp), Salary Continuation and Split Dollar Agreement (First Northern Community Bancorp)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months one year after a Change in Control, or if the Executive terminates employment voluntarily Control (excepting Termination for Good Reason within 12 months after a Change in ControlCause), the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Samples: Salary Continuation Agreement (Cortland Bancorp Inc)
Change in Control Benefit. If Upon the Executive's employment with the Bank terminates involuntarily Termination of Employment within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months three years after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated Termination of Employment occurs under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily for reasons other than a Termination for Cause within 12 36 months on or after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after effective date of a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment Executive is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 24 months after a Change in Control, Control (excepting Termination for Cause) or if in the event the Executive terminates employment voluntarily for Good Reason within 12 24 months after a such Change in Control, the Bank shall pay to the Executive Executive's designated beneficiary the survivor income benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if 2.6.2 following the Executive's employment is terminated under circumstances described in Article 5 of this Agreementdeath.
Appears in 1 contract
Samples: Executive Survivor Income Agreement (Fauquier Bankshares Inc)
Change in Control Benefit. If the Executive's ’s employment with the Bank terminates involuntarily within 12 24 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 24 months after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 3.5 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this AgreementPlan.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)
Change in Control Benefit. If the Executive's employment with the Bank terminates involuntarily within 12 months after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months one year after a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Change in Control Benefit. If the Executive's ’s employment with the Bank terminates involuntarily for reasons other than a Termination for Cause within 12 36 months on or after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after effective date of a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment Executive is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)
Change in Control Benefit. If the Executive's ’s employment with the Bank terminates involuntarily for reasons other than a Termination for Cause within 12 24 months on or after a Change in Control, or if the Executive terminates employment voluntarily for Good Reason within 12 months after effective date of a Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment Executive is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)
Change in Control Benefit. If the Executive's =s employment with the Bank terminates involuntarily within 12 24 months after the first occurrence of a Change in Control, Control or if in the event the Executive terminates employment voluntarily for Good Reason within 12 24 months after a of such Change in Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 instead of any other benefit under this Agreement. However, no benefits shall be payable under this Agreement if the Executive's employment is terminated under circumstances described in Article 5 of this Agreement.
Appears in 1 contract