Common use of Change in Control Severance Compensation Clause in Contracts

Change in Control Severance Compensation. In the event of a Change in Control and Xxxxxx elects to terminate his employment with SHB, SHB shall pay Xxxxxx Compensation equal to the total Compensation paid to Xxxxxx during the twenty-four months next preceding such termination. In such event, SHB shall have the option of paying the amount due Xxxxxx in a lump sum or in equal consecutive monthly installments over a period not to exceed twenty-four months.

Change in Control Severance Compensation. In the event of a Change in Control and Xxxxxx elects to terminate his employment with SHB, SHB shall pay Xxxxxx Compensation equal to the total Compensation paid to Xxxxxx during the twenty-four months next preceding such <PAGE> termination. In such event, SHB shall have the option of paying the amount due Xxxxxx in a lump sum or in equal consecutive monthly installments over a period not to exceed twenty-four months.

Change in Control Severance Compensation. In the event of a Change in Control and Xxxxxx elects to terminate his employment with SHB, SHB shall pay Xxxxxx <PAGE> Compensation equal to the total Compensation paid to Xxxxxx during the twenty-four months next preceding such termination. In such event, SHB shall have the option of paying the amount due Xxxxxx in a lump sum or in equal consecutive monthly installments over a period not to exceed twenty-four months.