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: Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi), Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi), Supplemental Executive Retirement 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: Salary Continuation Agreement (Tri County Financial Corp /Md/), Salary Continuation Agreement (Tri County Financial Corp /Md/), Salary 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 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: Salary Continuation Agreement (Sierra Bancorp), Salary Continuation Agreement (Sierra Bancorp), Salary Continuation Agreement (FCB 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 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

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

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: Salary Continuation Agreement (FNB Bancorp/Ca/), Salary Continuation Agreement (FNB Bancorp/Ca/), Salary Continuation Agreement (FNB Bancorp/Ca/)

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

Change of Control Benefit. Upon If the Executive's Involuntary Termination of Employment employment should voluntarily or involuntarily terminate for any reason, other than a Termination for Good Reason prior to his Normal Retirement Date and within 36 months following the occurrence of Cause, at any time after a Change of ControlControl but not beyond the date Executive attains Normal Retirement Age, the Company shall pay to the Executive the "Change of Control Benefit" described in this Section 2.4 an Immediate Annual Benefit in lieu of any other benefit under this Agreementthe Early Termination Benefit which would otherwise be paid to Executive as set forth in Section 2.2 hereof.

Appears in 2 contracts

Samples: Salary Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp)

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 by the Executive’s Termination of Employment for reasons other than death, Disability, Early Termination, or after 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: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)

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Change of Control Benefit. Upon In the event that Company terminates 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 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Ridgestone Financial Services 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: Executive Incentive Retirement Agreement (Ridgestone Financial Services Inc)

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: Supplemental Executive Retirement 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 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: Executive Deferred Compensation Agreement (Cb Bancshares Inc/Hi)

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

Appears in 1 contract

Samples: Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.)

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