Payment of Severance Amount. In the event of an Involuntary Termination of the Employee's employment by the Company or any subsidiary or successor of the Company occurring within three years after a Change of Control, then the Company shall pay the Employee a lump sum amount equal to the Severance Amount, payable within 15 business days after the Termination Date, plus such other benefits as may be provided in subsequent provisions of this Agreement.
Payment of Severance Amount. (a) If the Executive's employment by the Corporation or any Subsidiary, or Successor or Assign of the Corporation shall be subject to an Involuntary Termination, then the Corporation shall pay the Executive an amount equal to the Severance Amount, payable within fifteen days after the Termination Date. If the Executive terminates his/her employment for Good Reason, then the Corporation shall pay to the Executive an amount equal to the Severance Amount, payable within fifteen days after the Termination Date.
Payment of Severance Amount. Upon the occurrence of a Termination Event (as defined in paragraph 2), the Company shall:
Payment of Severance Amount. If Executive’s employment is subject to a Termination within the Covered Period, then the Company shall provide Executive the following benefits:
Payment of Severance Amount. If the Employee's employment by the Company or any subsidiary or successor of the Company shall be subject to a Voluntary Termination or an Involuntary Termination within the Covered Period, then the Company shall pay the Employee a lump sum amount equal to the applicable Severance Amount, payable within 15 business days after the Termination Date.
Payment of Severance Amount. (a) If, during the term of Employee's employment as an officer of the Bank, there shall occur a Change in Control, and during the Transition Period Employee's employment with the Successor terminates for any reason, then, subject to the qualifications set forth in Section 4 hereof, the Successor shall be obligated to pay and continue Employee's full salary, bonus and benefits (to the extent that Employee's continued participation is possible under the general terms and provisions of such plans and programs) as were in effect immediately preceding the Change of Control, for a period of eighteen (18) months following the effective date of termination of employment.
Payment of Severance Amount. If the Employee's employment by the Company, or any Affiliate or successor of the Company, shall be subject to a Termination within the Covered Period, then the Company shall provide the Employee the following benefits:
Payment of Severance Amount. The Severance Amount shall be paid without prejudice to the Executive's right to receive all Accrued Compensation. The Severance Amount shall be paid to the Executive in a lump sum within thirty (30) days of the execution of the General Release. The Severance Amount shall be paid irrespective of the Executive's employment status or self-employment; provided, however, that if the Executive should violate the terms of the General Release, the Company shall be under no further obligation to continue any payments or benefits hereunder.
Payment of Severance Amount. Upon the occurrence of a Termination Event (as defined in paragraph 2), Employer shall:
Payment of Severance Amount. (a) If, during the term of the Employee’s employment as an officer of the Company, there shall occur a Change in Control, and during the Transition Period, the Employee’s employment with the Successor terminates for any reason, then, subject to the qualifications set forth in Section 4 hereof, the Successor shall be obligated to pay and continue the Employee’s full salary, bonus (at standard) and benefits (to the extent that the Employee’s continued participation is possible under the general terms and provisions of such plans and programs) as were in effect immediately preceding the Change in Control, for a period of twenty-four (24) months following the effective date of termination of employment. Additionally, all Stock Grants, Option Grants, Stock Appreciation Rights or similar equity arrangements or long term performance awards (to be settled in either equity or cash) shall be deemed to have immediately vested and any option exercise periods shall be extended for the term of the option.
