Change in Control Benefit. If a Change in Control occurs after the date of this Agreement but before Normal Retirement Age and before Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 instead of any other benefit under this Agreement.
Appears in 5 contracts
Samples: Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (First Reliance Bancshares Inc)
Change in Control Benefit. If a Change in Control occurs after both before the date of this Agreement but before Executive’s Normal Retirement Age and before the Executive’s Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 instead of any other benefit under this Agreement.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Tidelands Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc)
Change in Control Benefit. If a Change in Control occurs after the date of this Agreement but before Normal Retirement Age and before Separation from ServiceAgreement, the Bank shall pay to the Executive the benefit described in this section Section 2.4 instead of any other benefit under this Agreement.
Appears in 4 contracts
Samples: Salary Continuation Agreement, Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp)
Change in Control Benefit. If a Change in Control occurs after the date of this Agreement but before Normal Retirement Age and before Separation from Service, the Bank shall pay to the Executive the benefit described in this section Section 2.4 instead of any other benefit under this Agreement and the Bank shall exercise its discretion to terminate this Agreement.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Oak Ridge Financial Services, Inc.), Salary Continuation Agreement (Oak Ridge Financial Services, Inc.), Salary Continuation Agreement (Oak Ridge Financial Services, Inc.)
Change in Control Benefit. If a Change in Control occurs after the date of this Agreement but before Normal Retirement Age and before Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 instead of any other benefit under this Agreement and the Bank shall exercise its discretion to terminate this Agreement.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Southern First Bancshares Inc), Salary Continuation Agreement (Greenville First Bancshares Inc), Salary Continuation Agreement (Southern First Bancshares Inc)
Change in Control Benefit. If a Change in Control occurs after the effective date of this Agreement the Executive’s participation in the Plan but before the Executive’s Normal Retirement Age and before his Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 Section 2.3 instead of any other benefit under this AgreementPlan.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (Peoples Financial Services Corp.), Supplemental Executive Retirement Plan (Peoples Financial Services Corp.)
Change in Control Benefit. If a Change in Control occurs after the date Effective Date of this Agreement but before the Executive’s Normal Retirement Age and before his Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 Section 2.4(a) instead of any other benefit under this Agreement.
Appears in 1 contract
Samples: Salary Continuation Agreement (Southern Community Financial Corp)
Change in Control Benefit. If a Change in Control occurs after before the date of this Agreement but before Executive's Normal Retirement Age and before the Executive's Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 instead of any other benefit under this Agreement.
Appears in 1 contract
Samples: Salary Continuation Agreement (Community First Bancorp)
Change in Control Benefit. If a Change in Control occurs after the date Effective Date of this Agreement but before the Executive’s Normal Retirement Age and before her Separation from Service, the Bank shall pay to the Executive the benefit described in this section 2.4 Section 2.4(a) instead of any other benefit under this Agreement.
Appears in 1 contract
Samples: Salary Continuation Agreement (Southern Community Financial Corp)
