Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months by the Director’s Termination of Service for reasons other than death, Disability or retirement, the Company shall pay to the Director the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Appears in 10 contracts
Samples: Dollar Agreement, www.sec.gov, Director Retirement Agreement (Sierra Bancorp)
Change of Control Benefit. Upon Involuntary Termination of Service within twenty-four (24) months following a Change of Control, followed within twelve (12) months by the Director’s Termination of Service for reasons other than death, Disability or retirement, the Company shall pay to the Director the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Oak Valley Community Bank (Oak Valley Bancorp), Agreement (Oak Valley Bancorp)
Change of Control Benefit. Upon a Change of Control, Control followed within twelve twenty-four (1224) months by the termination of the Director’s Termination service as a consultant to, or chairman and member of Service for reasons other than death, Disability or retirementthe board of directors of the Company, the Company shall pay to the Director the benefit described in this Section 2.4 2.5 in lieu of any other benefit under this AgreementArticle.
Appears in 1 contract
Samples: Director Compensation Agreement (Redwood Empire Bancorp)
