Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, the Company shall pay to the Executive the "Change of Control Benefit" described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi)

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Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior within 12 months subsequent to his Normal Retirement Date and within 36 months following the occurrence of a Change of ControlControl and prior to Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of ControlControl followed within twelve (12) months by the Executive’s Termination of Employment, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.

Appears in 4 contracts

Samples: Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, followed within twelve (12) months by the Executive’s Termination of Employment for reasons other than death, Disability or retirement, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Agreement.

Appears in 4 contracts

Samples: First California Bank (FCB Bancorp), Continuation Agreement (Sierra Bancorp), Continuation Agreement (Sierra Bancorp)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, followed within twelve (12) months by the Executive's Termination of Employment for reasons other than death, Disability or retirement, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Samples: Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, followed within twelve (12) months by the Executive's Termination of Employment for reasons other than death, Disability or retirement, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)

Change of Control Benefit. Upon the Executive's Involuntary ’s Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 twelve (12) months following the occurrence of a Change of ControlControl for reasons other than death, Disability, or Retirement, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)

Change of Control Benefit. Upon the Executive's Involuntary a Change of Control followed within twenty-four (24) months by Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of ControlAge, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 2.6 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

Change of Control Benefit. Upon the Executive's Involuntary ’s Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 twelve (12) months following the occurrence of a Change of ControlControl and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Consumers National Bank (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior a Separation from Service within 12 months subsequent to his Normal Retirement Date and within 36 months following the occurrence of a Change of ControlControl and prior to Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior within 24 months subsequent to his Normal Retirement Date and within 36 months following the occurrence of a Change of ControlControl and prior to Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Continuation Agreement (Tri County Financial Corp /Md/)

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Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, the Company shall pay to the Executive the "Change of Control Benefit" described in this Section 2.4 3.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Agreement (Cb Bancshares Inc/Hi)

Change of Control Benefit. Upon the Executive's ’s Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of a Change of Control, the Company shall pay to the Executive the "Change of Control Benefit" described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Agreement (Cb Bancshares Inc/Hi)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and Age but within 36 months two (2) years following the occurrence of a Change of ControlControl (other than by reason of Disability), the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Continuation Agreement (Greer Bancshares Inc)

Change of Control Benefit. Upon In the event that the Company terminate Executive's Involuntary Termination of Employment or Termination employment (other than for Good Reason prior to his Normal Retirement Date and Cause) within 36 twelve months following the occurrence of a Change of Control, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Incentive Retirement Agreement (Ridgestone Financial Services Inc)

Change of Control Benefit. Upon the Executive's Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 twenty-four (24) months following the occurrence of a Change of Control, the Company Company, subject to the provisions of Section 2.4.1.1 and Section 5.3, shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Continuation Agreement (Citizens Holding Co /MS/)

Change of Control Benefit. Upon the Executive's ’s Voluntary or Involuntary Termination of Employment or Termination for Good Reason prior to his Normal Retirement Date and within 36 twelve (12) months following the occurrence of a Change of ControlControl and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" benefit described in this Section 2.4 (the “Change in Control Benefit”) in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

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