Common use of Payment Events Clause in Contracts

Payment Events. Except as otherwise provided in this Section, in the case of a Termination Event After a Change in Control, Executive shall receive a salary continuation payment (the “Salary Continuation Payment”), payable in a lump sum on the later of the date of termination or the date of the Change in Control.

Appears in 4 contracts

Samples: Severance/Salary Continuation Agreement (Pacific Continental Corp), Severance/Salary Continuation Agreement (Pacific Continental Corp), Severance/Salary Continuation Agreement (Pacific Continental Corp)

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Payment Events. Except as otherwise provided in this Section, in the case of a Termination Event After a Change in Control, Executive shall receive a salary continuation payment (the “Salary Continuation Payment”"SALARY CONTINUATION PAYMENT"), payable in a lump sum on the later of the date of termination or the date of the Change in Control.

Appears in 2 contracts

Samples: Change in Control/Salary Continuation Agreement (Pacific Continental Corp), Change in Control/Salary Continuation Agreement (Pacific Continental Corp)

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Payment Events. Except as otherwise provided in this Section, in the case of a Termination Event After a Change in ControlControl (defined below), Executive shall receive a salary continuation payment (the “Salary Continuation Payment”), payable in a lump sum on the later of the date of termination or the date of the Change in Control.

Appears in 1 contract

Samples: Salary Continuation Agreement (Mountain Bank Holding Co)

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