Common use of Miscellaneous Benefits Clause in Contracts

Miscellaneous Benefits. Subject to section 2(d), if the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason within 24 months after a Change in Control – (1) Cortland Bancorp shall for three years after termination pay or cause to be paid the Executive’s initiation and membership assessments and dues in a civic or social club of the Executive’s choice. The Executive shall be solely responsible for personal expenses for use of the club, (2) Cortland Bancorp shall for three years after termination and at no cost to the Executive provide or cause to be provided to the Executive financial planning services, including, but not limited to, tax preparation and financial planning having to do with receipt of benefits under this Agreement, (3) Cortland Bancorp shall for one year after termination and at no cost to the Executive provide or cause to be provided to the Executive reasonable outplacement services, including, but not limited to, employment counseling, resume services, and executive placement services.

Miscellaneous Benefits. Subject to section 2(d), if the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason within 24 months after a Change in Control –— (1) Cortland Bancorp shall for three years after termination pay or cause to be paid the Executive’s initiation and membership assessments and dues in a civic or social club of the Executive’s choice. The Executive shall be solely responsible for personal expenses for use of the club, (2) Cortland Bancorp shall for three years after termination and at no cost to the Executive provide or cause to be provided to the Executive financial planning services, including, including but not limited to, to tax preparation and financial planning having to do with receipt of benefits under this Agreement, (3) Cortland Bancorp shall for one year after termination and at no cost to the Executive provide or cause to be provided to the Executive reasonable outplacement services, including, including but not limited to, to employment counseling, resume services, and executive placement services.

Miscellaneous Benefits. Subject to section 2(d), if the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason within 24 months after a Change in Control – (1) Cortland Bancorp shall for three years after termination pay or cause to be paid the Executive’s initiation and membership assessments and dues in a civic or social club of the Executive’s choice. The Executive shall be solely responsible for personal expenses for use of the club, (2) Cortland Bancorp shall for three years after termination and at no cost to the Executive provide or cause to be provided to the Executive financial planning services, including, but not limited to, tax preparation and financial planning having to do with receipt of benefits under this Agreement, (3) Cortland Bancorp shall for one year after termination and at no cost to the Executive provide or cause to be provided to the Executive reasonable outplacement services, including, but not limited tolimited, to employment counseling, resume services, and executive placement services.

Miscellaneous Benefits. Subject to section 2(d), if the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason within 24 months after a Change in Control – (1) Cortland Bancorp shall for three years after termination pay or cause to be paid the Executive’s initiation and membership assessments and dues in a civic or social club of the Executive’s choice. The Executive shall be solely responsible for personal expenses for use of the club, (2) Cortland Bancorp shall for three years after termination and at no cost to the Executive provide or cause to be provided to the Executive financial planning services, including, including but not limited to, to tax preparation and financial planning having to do with receipt of benefits under this Agreement, (3) Cortland Bancorp shall for one year after termination and at no cost to the Executive provide or cause to be provided to the Executive reasonable outplacement services, including, including but not limited to, to employment counseling, resume services, and executive placement services.

Miscellaneous Benefits. Subject to section sections 2(d) and 2(e), if the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason within 24 months after a Change in Control – (1) Cortland Bancorp shall for three years after termination pay or cause to be paid the Executive’s initiation and membership assessments and dues in a civic or social club of the Executive’s choice. The Executive shall be solely responsible for personal expenses for use of the club, (2) Cortland Bancorp shall for three years after termination and at no cost to the Executive provide or cause to be provided to the Executive financial planning services, including, but not limited to, tax preparation and financial planning having to do with receipt of benefits under this Agreement, (3) Cortland Bancorp shall for one year after termination and at no cost to the Executive provide or cause to be provided to the Executive reasonable outplacement services, ,including, but not limited to, employment counseling, resume services, and executive placement services.