Common use of Involuntary Early Termination Benefit Clause in Contracts

Involuntary Early Termination Benefit. Upon an Involuntary Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Benjamin Franklin Bancorp, M.H.C.)

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Involuntary Early Termination Benefit. Upon an Involuntary involuntary Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Southern Community Bancorp)

Involuntary Early Termination Benefit. Upon an Involuntary Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Salary Continuation Agreement (Community Financial Corp /Va/)

Involuntary Early Termination Benefit. Upon an Involuntary Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.3 2.4 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

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Involuntary Early Termination Benefit. Upon an Involuntary Early Termination, the Company shall pay to the Executive the Involuntary Early Termination benefit described in this Section 2.3 2.2 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Sussex Bancorp)

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