Common use of Expenses and Fringe Benefits Clause in Contracts

Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease comparable to the automobile provided to him prior to the Change in Control, and shall be entitled to vacations and sick days, in accordance with the practices and procedures of Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit enjoyed, from time to time, by other executive officers of Company, all upon terms as favorable as those enjoyed by Executive prior to the Change in Control. Notwithstanding anything in this section to the contrary, if Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Company, and such policy is uniformly applied to all Executive officers of Company, including the Chief Executive Officer of such Company, then no such change shall be deemed to be contrary to this section.

Appears in 3 contracts

Samples: Change in Control Agreement (ConnectOne Bancorp, Inc.), Change in Control Agreement (North Jersey Community Bancorp, Inc.), Change in Control Agreement (North Jersey Community Bancorp, Inc.)

AutoNDA by SimpleDocs

Expenses and Fringe Benefits. During the Contract Period, the ---------------------------- Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit benefits enjoyed, from time to time, by other executive Executive officers of the Company, all upon terms as favorable as those enjoyed by other Executive prior to officers of the Change in ControlCompany. Notwithstanding anything in this section to the contrary, if the Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive Executive officers of the Company, and such policy is uniformly applied to all Executive officers of the Company (and any successor or acquirer of the Company, if any), including the Chief Executive Officer chief executive officer of such Companyentities, then no such change shall be deemed to be contrary to this sectionSection.

Appears in 2 contracts

Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

Expenses and Fringe Benefits. During the Contract Period, the ----------------------------- Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit benefits enjoyed, from time to time, by other executive Executive officers of the Company, all upon terms as favorable as those enjoyed by other Executive prior to officers of the Change in ControlCompany. Notwithstanding anything in this section to the contrary, if the Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive Executive officers of the Company, and such policy is uniformly applied to all Executive officers of the Company (and any successor or acquirer of the Company, if any), including the Chief Executive Officer chief executive officer of such Companyentities, then no such change shall be deemed to be contrary to this sectionSection.

Appears in 2 contracts

Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease comparable to the automobile provided to him prior to the Change in Control, and shall be entitled to vacations and sick days, in accordance with the practices and procedures of Company, as such existed during Executive’s 's employment with the BANK FWFC immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit enjoyed, from time to time, by other executive officers of Company, all upon terms as favorable as those enjoyed by Executive prior to the Change in Control. Notwithstanding anything in this section to the contrary, if Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Company, and such policy is uniformly applied to all Executive officers of Company, including the Chief Executive Officer of such Company, then no such change shall be deemed to be contrary to this section.

Appears in 2 contracts

Samples: Change in Control Agreement (First Washington Financial Corp), Change in Control Agreement (First Washington Financial Corp)

Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit benefits enjoyed, from time to time, by other executive Executive officers of Company, all upon terms as favorable as those enjoyed by other Executive prior to the Change in Controlofficers of Company. Notwithstanding anything in this section to the contrary, if Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive Executive officers of Company, and such policy is uniformly applied to all Executive officers of Company, and any successor or acquiror of Company, if any, including the Chief chief Executive Officer officer of such Companyentity, then no such change shall be deemed to be contrary to this section.

Appears in 1 contract

Samples: Change in Control Agreement (First Wasington Financial Corp)

AutoNDA by SimpleDocs

Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit benefits enjoyed, from time to time, by other executive Executive officers of the Company, all upon terms as favorable as those enjoyed by other Executive prior to officers of the Change in ControlCompany. Notwithstanding anything in this section to the contrary, if the Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive Executive officers of the Company, and such policy is uniformly applied to all Executive officers of the Company (and any successor or acquirer of the Company, if any), including the Chief Executive Officer chief executive officer of such Companyentities, then no such change shall be deemed to be contrary to this sectionSection.

Appears in 1 contract

Samples: Change in Control Agreement (Lakeland Bancorp Inc)

Expenses and Fringe Benefits. During the Contract Period, the ------------------------------ Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of Company the Bank in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of Companythe Bank, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, Period the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit benefits enjoyed, from time to time, by other executive officers of Companythe Bank, all upon terms as favorable as those enjoyed by Executive prior to other executive officers of the Change in ControlBank. Notwithstanding anything in this section to the contrary, if Company the Bank adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Companythe Bank, and such policy is uniformly applied to all Executive executive officers of Companythe Bank, and any successor or acquirer of the Bank, if any, including the Chief Executive Officer chief executive officer of such Companyentities, then no such change in policy shall be deemed to be contrary to a violation of this sectionprovision.

Appears in 1 contract

Samples: Change in Control Agreement (Community Partners Bancorp)

Time is Money Join Law Insider Premium to draft better contracts faster.