CHANGE IN CONTROL OF THE CORPORATION. “Change in Control of the Corporation” shall mean a change in the ownership of the Bank or the Corporation, a change in the effective control of the Bank or the Corporation or a change in the ownership of a substantial portion of the assets of the Bank or the Corporation as provided under Section 409A of the Code and the regulations thereunder.
Appears in 3 contracts
Samples: Change in Control Severance Agreement (Laurel Capital Group Inc), Amended and Restated Agreement (Laurel Capital Group Inc), Amended and Restated Agreement (Laurel Capital Group Inc)
CHANGE IN CONTROL OF THE CORPORATION. “Change in Control of the Corporation” " shall mean a change in the ownership of the Bank or the Corporation, a change in the effective control of the Bank or the Corporation or a change in the ownership of a substantial portion of the assets of the Bank or the Corporation as provided under Section 409A of the Code Code, as amended from time to time, and any Internal Revenue Service guidance, including Notice 2005-1, and regulations issued in connection with Section 409A of the regulations thereunderCode.
Appears in 3 contracts
Samples: Change in Control Severance Agreement (Parkvale Financial Corp), Employment Agreement (Parkvale Financial Corp), Change in Control Severance Agreement (Parkvale Financial Corp)
CHANGE IN CONTROL OF THE CORPORATION. A “Change in Control of the Corporation” shall mean be determined in accordance with the definition of “a change in the ownership of the Bank or the Corporation, a change in the effective control of the Bank Corporation, or the Corporation or a change in the ownership of a substantial portion of the assets of the Bank or the Corporation as provided “ under Section 409A of the Code 409A, and the regulations thereunderand other guidance promulgated thereunder (collectively, “IRC 409A”), of the Internal Revenue Code of 1986, as amended (the “Code”).
Appears in 2 contracts
Samples: Employment Agreement (Community Bank Shares of Indiana Inc), Employment Agreement (Community Bank Shares of Indiana Inc)
CHANGE IN CONTROL OF THE CORPORATION. “Change in Control of the Corporation” " shall mean a change in the ownership of the Bank Corporation or the CorporationBank, a change in the effective control of the Bank Corporation or the Corporation Bank or a change in the ownership of a substantial portion of the assets of the Bank Corporation or the Corporation Bank as provided under Section 409A of the Code and the regulations thereunder.
Appears in 1 contract
Samples: Employment Agreement (Harleysville Savings Financial Corp)
CHANGE IN CONTROL OF THE CORPORATION. “Change in Control of the Corporation” " shall mean a change in the ownership of the Bank Corporation or the CorporationBank, a change in the effective control of the Bank Corporation or the Corporation Bank or a change in the ownership of a substantial portion of the assets of the Bank Corporation or the Corporation Bank as provided under Section 409A of the Code Code, as amended from time to time, and any Internal Revenue Service guidance, including Notice 2005-1, and regulations issued in connection with Section 409A of the regulations thereunderCode.
Appears in 1 contract
Samples: Control Severance Agreement (Parkvale Financial Corp)
CHANGE IN CONTROL OF THE CORPORATION. “Change in Control of the Corporation” shall mean a change in the ownership of the Bank or the Corporation, a change in the effective control of the Bank or the Corporation or a change in the ownership of a substantial portion of the assets of the Bank or the Corporation as provided under Section 409A of the Code Code, as amended from time to time, and any Internal Revenue Service guidance, including Notice 2005-1, and regulations issued in connection with Section 409A of the regulations thereunderCode.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Silvergate Capital Corp)
