Payment Following Certain Terminations Related to Change of Control. Subject to Executive first entering into the Separation Agreement and such agreement being fully effective, in respect of any Change of Control Termination the Bank shall pay to Executive the Change of Control Severance Benefits in a lump sum (except for the benefits under Paragraph 3.6, which shall be continued) within five (5) days following the date the Separation Agreement is fully effective.
Appears in 3 contracts
Samples: Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp)
Payment Following Certain Terminations Related to Change of Control. Subject to Executive first entering into the Separation and Consulting Agreement and such agreement being fully effective, in respect of any Change of Control Termination the Bank Employer shall pay to Executive the Change of Control Severance Benefits in a lump sum (except for the benefits Benefits under Paragraph 3.63.7, which shall be continued) within five (5) days following the date the Separation and Consulting Agreement is fully effective.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (1st Pacific Bancorp), Non Qualified Stock Option Agreement (1st Pacific Bancorp)
Payment Following Certain Terminations Related to Change of Control. Subject to Executive first entering into the Separation and Consulting Agreement and such agreement being fully effective, in respect of any Change of Control Termination the Bank Employer shall pay to Executive the Change of Control Severance Benefits in a lump sum (except for the benefits Benefits under Paragraph 3.6, which shall be continued) within five (5) days following the date the Separation and Consulting Agreement is fully effective.
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