Common use of COMMITMENT OF EXECUTIVE Clause in Contracts

COMMITMENT OF EXECUTIVE. If any person extends any proposal or offer intended to or with the potential to result in a Change in Control (a "Change in Control Proposal"), Executive must, at Bancorp's request, assist Bancorp in evaluating the Proposal. Further, as a condition to receipt of the Salary Continuation Payment described below, Executive will not resign Executive's position with the Company during the period beginning when the Company receives a Change in Control Proposal and ending when the transaction contemplated by the Proposal is either consummated or abandoned.

COMMITMENT OF EXECUTIVE. If In the event that any person extends any proposal or offer which is intended to or with the potential to may result in a Change in Control Control, as defined below (a "Change in Control Proposal"), Executive mustshall, at Bancorp's request, assist Bancorp in evaluating the Proposalsuch proposal or offer. Further, as a condition to receipt of the Salary Continuation Payment described defined below, Executive will agrees not to resign Executive's position with Bancorp during any period from the Company during the period beginning when the Company receives receipt of a specific Change in Control Proposal and ending when up to the consummation or abandonment of the transaction contemplated by the Proposal is either consummated or abandonedsuch Proposal.

COMMITMENT OF EXECUTIVE. If In the event that any person extends any proposal or offer which is intended to or with the potential to may result in a Change in In Control (a "Change in Control Proposal"defined below), Executive mustshall, at Bancorpthe Bank's request, assist Bancorp the Bank in evaluating the Proposalsuch proposal or offer. Further, as a condition subject to the additional terms and conditions of this Agreement, in order to receive the Change In Control Payment (defined below), Executive cannot resign from the Bank during any period from the receipt of a specific Change In Control proposal up to the Salary Continuation Payment described below, Executive will not resign Executive's position with the Company during the period beginning when the Company receives a Change in Control Proposal and ending when consummation or abandonment of the transaction contemplated by the Proposal is either consummated or abandonedsuch proposal.

COMMITMENT OF EXECUTIVE. If In the event that any person extends any proposal or offer which is intended to or with the potential to may result in a Change in Control Control, as defined below (a "Change in Control Proposal"), Executive mustshall, at BancorpCompany's request, assist Bancorp Company in evaluating the Proposalsuch proposal or offer. Further, as a condition to receipt of the Salary Continuation Payment described defined below, Executive will agrees not to resign Executive's position with the Company during any period from the period beginning when the Company receives receipt of a specific Change in Control Proposal and ending when up to the consummation or abandonment of the transaction contemplated by the Proposal is either consummated or abandonedsuch Proposal.

COMMITMENT OF EXECUTIVE. If In the event that any person extends any proposal or offer that is intended to or with the potential to may result in a Change in Control (a "defined below), Executive shall, at the Company’s or the Bank’s request, assist the Company and/or the Bank in evaluating such proposal or offer. Further, subject to the additional terms and conditions of this Agreement, in order to receive the Change in Control Proposal"Payment (defined below), Executive must, at Bancorp's request, assist Bancorp in evaluating cannot resign without Good Reason (as defined below) from the Proposal. Further, as a condition to Company or the Bank during any period from the receipt of the Salary Continuation Payment described below, Executive will not resign Executive's position with the Company during the period beginning when the Company receives a specific Change in Control Proposal and ending when proposal up to the consummation of the transaction contemplated by the Proposal is either consummated or abandonedsuch proposal.

COMMITMENT OF EXECUTIVE. If In the event any person extends any proposal ----------------------- or offer intended to or with the potential to which could result in a Change in Control (a "Change in Control Proposal")Control, the Executive mustwill, at Bancorpthe Board's request, assist Bancorp the Board in evaluating the Proposalsuch proposal or offer. Further, as a condition to receipt of the Salary Continuation Payment described below, Executive specifically agrees that he will not resign Executive's his position with the Company Bank during any period from the period beginning when the Company receives receipt of a specific Change in Control Proposal and ending when proposal up to the closing or termination of the transaction contemplated by the Proposal is either consummated or abandonedproposal.