Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Company, Executive shall fail to perform her duties because of a Disability, Executive shall continue to receive her full base salary monthly at the rate then in effect until her employment is terminated pursuant to paragraph 3(i) hereof. (ii) If, after a Change in Control of the Company, Executive’s employment shall be terminated for Cause, the Company shall pay Executive her full base salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to Executive under this Agreement. (iii) If, after a Change in Control of the Company, the Company shall terminate Executive’s employment (other than pursuant to paragraph 3(i) or 3(iii) hereof or by reason of death or Retirement as provided in Paragraph 3(ii)) or Executive shall terminate her employment for Good Reason, Executive shall be entitled to payments pursuant to this paragraph 4: The Company shall pay to Executive as severance pay (and without regard to the provisions of any benefit plan) in a lump sum on the fifth day following the Date of Termination, the following amounts:
Appears in 3 contracts
Samples: Employment Agreement (Bank of Marin Bancorp), Executive Employment Agreement (Bank of Marin Bancorp), Employment Agreement (Bank of Marin Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Company, Executive shall fail to perform her duties because of a Disability, Executive shall continue to receive his/her full base salary monthly at the rate then in effect until her employment is terminated pursuant to paragraph 3(i) hereof.
(ii) If, after a Change in Control of the Company, Executive’s employment shall be terminated for Cause, the Company shall pay Executive his/her full base salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to Executive under this Agreement.
(iii) If, after a Change in Control of the Company, the Company shall terminate Executive’s employment (other than pursuant to paragraph 3(i) or 3(iii) hereof or by reason of death or Retirement as provided in Paragraph 3(ii)) or Executive shall terminate her employment for Good Reason, Executive shall be entitled to payments pursuant to this paragraph 4: The Company shall pay to Executive as severance pay (and without regard to the provisions of any benefit plan) in a lump sum on the fifth day following the Date of Termination, the following amounts:
Appears in 2 contracts
Samples: Employment Agreement (Heritage Oaks Bancorp), Change in Control Agreement (Heritage Oaks Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Company, Executive shall fail to perform her his duties because of a Disability, Executive shall continue to receive her his full base salary monthly at the rate then in effect until her his employment is terminated pursuant to paragraph 3(i) hereof.
(ii) If, after a Change in Control of the Company, Executive’s employment shall be terminated for Cause, the Company shall pay Executive her his full base salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to Executive under this Agreement.
(iii) If, after a Change in Control of the Company, the Company shall terminate Executive’s employment (other than pursuant to paragraph 3(i) or 3(iii) hereof or by reason of death or Retirement as provided in Paragraph 3(ii)) or Executive shall terminate her his employment for Good Reason, Executive shall be entitled to payments pursuant to this paragraph 4: The Company shall pay to Executive as severance pay (and without regard to the provisions of any benefit plan) in a lump sum on the fifth day following the Date of Termination, the following amounts:
Appears in 1 contract
Samples: Executive Employment Agreement (Bank of Marin Bancorp)
Compensation During Disability or Upon Termination. (i) If, after a Change in Control of the Company, Executive shall fail to perform her his duties because hereunder as a result of a Disabilityincapacity due to physical or mental illness, Executive shall continue to receive her his full base salary monthly at the rate then in effect until her his employment is terminated pursuant to paragraph 3(i) hereofhereof (and for any longer period as may be provided under applicable plans).
(ii) If, after a Change in Control of the Company, Executive’s 's employment shall be terminated for Cause, the Company shall pay Executive her his full base salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to Executive under this Agreement.
(iii) If, after a Change in Control of the Company, (I) the Company shall terminate Executive’s employment ('s employment, other than pursuant to paragraph 3(i), 3(ii) or 3(iii) hereof or by reason of death death, or Retirement as provided in Paragraph 3(ii)(II) or Executive shall terminate her his employment for Good Reason, or (III) Executive shall be entitled to payments pursuant to this paragraph 4: 5, then
(A) The Company shall pay to Executive as severance pay (and without regard to the provisions of any benefit plan) in a lump sum in cash on the fifth day following the Date of Termination, the following amounts:
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