Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement Age, the Company shall pay to the Executive the 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 Financial Corp /Md/), Salary Continuation Agreement (Community Financial Corp /Md/)

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Change of Control Benefit. Upon a Separation from Service the Executive’s Termination of Employment within 12 twelve (12) months subsequent to following a Change of Control and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the 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 a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefollowed within twenty-four (24) months by the Executive’s Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Redwood Empire Bancorp), Supplemental Executive Retirement Plan (Porter Bancorp, Inc.)

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent to a Change of Control and followed within twenty-four (24) months by Termination of Employment prior to Normal Retirement Age, the Company shall pay to the Executive the 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 a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement AgeControl, 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 benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Southern Michigan Bancorp Inc)

Change of Control Benefit. Upon a Separation from Service Termination of Employment within 12 24 months subsequent to a Change of Control and prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

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

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement AgeControl, 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 benefit described in this Section 2.4 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Salary Continuation Agreement (Heartland Bancshares Inc /In/)

Change of Control Benefit. Upon a Separation from Service the Executive’s Voluntary or Involuntary Termination of Employment within 12 twelve (12) months subsequent to following a Change of Control and prior to attainment of the Normal Retirement Age, the Company shall pay to the Executive the 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/)

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent Subject to Article 5, upon a Change of Control and followed within twenty-four (24) months by Termination of Employment prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)

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Change of Control Benefit. Upon a Separation from Service Termination of Employment within 12 twenty-four (24) months subsequent to following a Change of Control and prior to Normal Retirement AgeControl, the Company Company, subject to the provisions of Section 2.4.1.1 and Section 5.3, shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Citizens Holding Co /MS/)

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefollowed within thirty-six (36) months by the Executive’s Termination of Employment, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Porter Bancorp, Inc.)

Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months by the Executive’s Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement Agefor reasons other than death, Disability or retirement, the Company shall pay to the Executive the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (FCB Bancorp)

Change of Control Benefit. Upon a Separation from Service within 12 months subsequent to a Change of Control and prior to Normal Retirement AgeControl, 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 benefit described in this Section 2.4 4.4 in lieu of any other benefit under this Agreement.. 4

Appears in 1 contract

Samples: Deferred Compensation Agreement (Southern Michigan Bancorp Inc)

Change of Control Benefit. Upon a Separation from Service Termination of Employment prior to Normal Retirement Age but within 12 months subsequent to two (2) years following a Change of Control and prior to Normal Retirement Age(other than by reason of Disability), the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Greer Bancshares Inc)

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