Common use of Change of Control Termination Clause in Contracts

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 10 contracts

Samples: Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

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Change of Control Termination. In the event that, at the time of of, within 90 days prior to, or within one (1) year after after, a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, Cause or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 7 contracts

Samples: Employment Agreement, Employment Agreement (Entegra Financial Corp.), Employment Agreement (Entegra Financial Corp.)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h16(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment is Terminated Without Cause, Cause by the Employer or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 98. The date on which the Employer or Executive receives notice in accordance with Section 16(h15(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.

Appears in 5 contracts

Samples: Employment Agreement (Peoples Bancorp of North Carolina Inc), Employment Agreement, Employment Agreement (Peoples Bancorp of North Carolina Inc)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice a Notice of Termination in accordance with Section 16(hSections 7(e) and 17(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 4 contracts

Samples: Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

Change of Control Termination. In the event that, at the time of of, within 90 days prior to, or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, Cause or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 3 contracts

Samples: Employment Agreement (Macon Financial Corp.), Employment Agreement (Macon Financial Corp.), Employment Agreement (Macon Financial Corp.)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment is Terminated Without Cause, Cause by the Employer or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h17(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.

Appears in 3 contracts

Samples: Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/)

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Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment is Terminated Without CauseCause by the Employer, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h16(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.

Appears in 2 contracts

Samples: Employment and Change of Control Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9, subject, however, to those limitations, restrictions and prohibitions established by applicable law or regulations. The date on which the Employer or Executive receives notice in accordance with Section 16(h) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Newbridge Bancorp)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, Control and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, Cause or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice of such Change of Control Termination in accordance with Section 16(h7(f) of a Change of Control Termination and Section 16(i) shall be deemed the “Change of Control Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Newbridge Bancorp)

Change of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment is Terminated Without Cause, Cause by the Employer or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice a Notice of Termination in accordance with Section 16(hSections 7(f) and 17(i) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.

Appears in 1 contract

Samples: Employment and Change of Control Agreement (Newbridge Bancorp)

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