Change in Control Benefit. If the Director's service with the Bank terminates within one year after a Change in Control (except for Termination for Cause), the Bank shall pay to the Director the benefit described in this Section 2.4 instead of any other benefit under this Agreement.
Appears in 8 contracts
Samples: Director Retirement Agreement (Citizens South Banking Corp), Director Retirement Agreement (Citizens South Banking Corp), Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)
Change in Control Benefit. If the Director's service with the Bank terminates within one year after Upon a Change in Control (except Control, followed within 12 months by the Director’s Termination of Service for Termination for Cause)reasons other than death or Disability, the Bank shall pay to the Director the benefit described in this Section 2.4 4.4 instead of any other benefit under this Agreement.
Appears in 6 contracts
Samples: Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP)
Change in Control Benefit. If the Director's service with the Bank Company terminates within one year after a Change in Control (except for Termination for Cause), the Bank Company shall pay to the Director the benefit described in this Section 2.4 instead in lieu of any other benefit under this Agreement.
Appears in 5 contracts
Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)
Change in Control Benefit. If the Director's service with the Bank terminates within one year after Upon a Change in Control Control, followed by the Director’s Termination of Service within twelve (except for Termination for Cause)12) months, the Bank shall pay to the Director the benefit described in this Section 2.4 instead in lieu of any other benefit under this AgreementArticle.
Appears in 4 contracts
Samples: Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)
Change in Control Benefit. If the Director's service with the Bank terminates within one year after Upon a Change in Control Control, followed within twelve (except 12) months by the Director’s Termination of Service for Termination for Cause)reasons other than death or Disability, the Bank shall pay to the Director the benefit described in this Section 2.4 instead 4.4 in lieu of any other benefit under this Amended Agreement.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Change in Control Benefit. If the Director's service with the Bank Company terminates within one year after a Change in Control (except for Termination for Cause), the Bank Company shall pay to the Director the benefit described in this Section 2.4 instead of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)
Change in Control Benefit. If the Director's service with the Bank terminates within one year after Upon a Change in Control Control, followed within twelve (except 12) months by the Director’s Termination of Service for Termination for Cause)reasons other than death or Disability, the Bank shall pay to the Director the benefit described in this Section 2.4 instead 4.4 in lieu of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Change in Control Benefit. If the Director's service with the Bank Company terminates within one year after a Change in Control (except for Termination for Cause), the Bank Company shall pay to the Director the benefit described in this Section 2.4 instead in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Director Retirement Agreement (Cortland Bancorp Inc)
