Common use of Effect of Agreement Prior to Clause in Contracts

Effect of Agreement Prior to. a Change in Control; Termination of Agreement Prior to a Change in Control. (a) The Bank's employment rights and obligations with respect to Officer are not affected by this Agreement prior to the occurrence of any event which constitutes a Change in Control of the Corporation. (b) This Agreement shall remain in full force and effect unless and until: (i) it is terminated by the written agreement of the parties hereto; or (ii) the employment of the Officer with the Bank and its subsidiaries and affiliates is terminated by the Officer or by the Bank and its subsidiaries and affiliates, for any reason, prior to a Change in Control of the Corporation, in which case this Agreement shall terminate concurrently with the termination of employment. Nothing contained in this Agreement shall be deemed to require or imply any obligation on the part of the Officer to continue in the employment of the Bank or any of its subsidiaries or affiliates prior to or following a Change in Control of the Corporation, or to require or imply any right on the part of the Officer to continue in the employment of the Bank, the Corporation or any of their subsidiaries or affiliates prior to a Change in Control of the Corporation, or to limit in any way the right of the Bank to terminate the employment of the Officer, with or without cause, at any time prior to a Change in Control of the Corporation.

Effect of Agreement Prior to. a Change in Control; Termination of Agreement Prior to a Change in Control. (a) The Bank's employment rights and obligations with respect to Officer are not affected by this Agreement prior to the occurrence of any event which constitutes a Change in Control of the Corporation. (b) This Agreement shall remain in full force and effect unless and until:; (i) it is terminated by the written agreement of the parties hereto; or (ii) the employment of the Officer with the Bank and its subsidiaries and affiliates is terminated by the Officer or by the Bank and its subsidiaries and affiliates, for any reason, prior to a Change in Control of the Corporation, in which case this Agreement shall terminate concurrently with the termination of employment. Nothing contained in this Agreement shall be deemed to require or imply any obligation on the part of the Officer to continue in the employment of the Bank or of any of its subsidiaries or affiliates prior to or following a Change in Control of the Corporation, or to require or imply any right on the part of the Officer to continue in the employment of the Bank, the Corporation or any of their subsidiaries or affiliates prior to a Change in Control of the Corporation, Control; or to limit in any way the right of the Bank to terminate the employment of the Officer, with or without cause, at any time prior to a Change in Control of the Corporation.