Common use of No Currently Anticipated Change in Control Clause in Contracts

No Currently Anticipated Change in Control. As of the date of this Agreement, none of the conditions or events included in the definition of the term “golden parachute payment” that is set forth in Section 18(k)(4)(A)(ii) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)(4)(A)(ii)] and in Federal Deposit Insurance Corporation Rule 359.1(f)(1)(ii) [12 CFR 359.1(f)(1)(ii)] exists or, to the best knowledge of PremierWest, is contemplated insofar as PremierWest or any affiliates are concerned.

Appears in 4 contracts

Samples: Employment Agreement (Premierwest Bancorp), Employment Agreement (Premierwest Bancorp), Employment Agreement (Premierwest Bancorp)

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No Currently Anticipated Change in Control. As of the date of this Agreement, Agreement none of the conditions or events included in the definition of the term "golden parachute payment" that is set forth in Section 18(k)(4)(A)(ii) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)(4)(A)(iiU.S.C.1828(k)(4)(A)(ii)] and in Federal Deposit Insurance Corporation Rule 359.1(f)(1)(ii359.1(f)(l)(ii) [12 CFR 359.1(f)(1)(ii359.1(f)(l)(ii)] exists or, to the best knowledge of PremierWest, is contemplated insofar as PremierWest or any affiliates are concerned.. AGREEMENT

Appears in 1 contract

Samples: Employment Agreement (Premierwest Bancorp)

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No Currently Anticipated Change in Control. As of the date of this Agreement, Agreement none of the conditions or events included in the definition of the term "golden parachute payment" that is set forth in Section 18(k)(4)(A)(ii) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)(4)(A)(ii)] and in Federal Deposit Insurance Corporation Rule 359.1(f)(1)(ii359.1(f)(l)(ii) [12 CFR 359.1(f)(1)(ii359.1(f)(l)(ii)] exists or, to the best knowledge of PremierWestPREMIERWEST, is contemplated insofar as PremierWest PREMIERWEST or any affiliates are concerned.

Appears in 1 contract

Samples: Employment Agreement (Premierwest Bancorp)

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