Common use of Compensated Termination Clause in Contracts

Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four (24) months after the effective date of a Reorganization of the Bank (whether the Executive is then employed by the Bank or a successor to the Bank as a result of such Reorganization), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Agreement, a “Compensated Termination” means termination of the Executive’s employment under either of the following circumstances:

Appears in 7 contracts

Samples: Severance Agreement (Federal Home Loan Bank of Indianapolis), Severance Agreement (Federal Home Loan Bank of Indianapolis), Severance Agreement (Federal Home Loan Bank of Indianapolis)

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Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four twelve (2412) months after the effective date of a Reorganization of the Bank (whether the Executive is then employed by the Bank or a successor to the Bank as a result of such Reorganization), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Agreement, a “Compensated Termination” means termination of the Executive’s employment under either of the following circumstances:

Appears in 4 contracts

Samples: Severance Agreement (Federal Home Loan Bank of Pittsburgh), Severance Agreement (Federal Home Loan Bank of Pittsburgh), Severance Agreement (Federal Home Loan Bank of Pittsburgh)

Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four twelve (2412) months after the effective date of a Reorganization of the Bank (whether the Executive is then employed by the Bank or a successor to the Bank as a result of such Reorganization), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Agreement, a “Compensated Termination” means termination of the Executive’s 's employment under either of the following circumstances:

Appears in 1 contract

Samples: Severance Agreement (Federal Home Loan Bank of Pittsburgh)

Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four twelve (2412) months after the effective date of a Reorganization of the Bank (whether the Executive is then employed by the Bank or a successor to the Bank as a result of such Reorganization), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Amended Agreement, a “Compensated Termination” means termination of the Executive’s 's employment under either of the following circumstances:

Appears in 1 contract

Samples: Executive Officer Severance Agreement (Federal Home Loan Bank of Pittsburgh)

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Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four (24) months after the effective date of a Reorganization Change in Control of the Bank (whether the Executive is then employed by the Bank or by its successor in a successor to the Bank as a result of such ReorganizationChange in Control), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Agreement, a “Compensated Termination” means termination of the Executive’s employment under either of the following circumstances:

Appears in 1 contract

Samples: Executive Change in Control Agreement (Federal Home Loan Bank of New York)

Compensated Termination. If the Executive incurs a Compensated Termination while the Executive is employed by the Bank or within twenty-four (24) months after the effective date of a Reorganization of the Bank (whether the Executive is then employed by the Bank or a successor to the Bank as a result of such Reorganization), the Executive shall be entitled to the benefits provided in Section 4(a). For purposes of this Agreement, a “Compensated Termination” means termination of the Executive’s 's employment under either of the following circumstances:

Appears in 1 contract

Samples: Severance Agreement (Federal Home Loan Bank of Indianapolis)

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