Common use of Payments Upon Termination After Change in Control Clause in Contracts

Payments Upon Termination After Change in Control. If the employment of the Employee is terminated for any reason within twelve (12) months following a Change in Control (as hereinafter defined) other than (i) for Cause (as defined below), or (ii) on account of Employee's death, disability or retirement from the Bank, then in any such case the Bank shall continue to pay to the Employee, or to his personal representatives in case of his death, the Employee's base salary in effect as of the date of such termination (which shall not include any bonus) for the twelve (12) month period following the date of such termination .

Payments Upon Termination After Change in Control. If the employment of the Employee is terminated for any reason within twelve (12) months following after a Change in Control (as hereinafter defineddefined below) for any reason other than (i) for Cause (as defined below), ) or (ii) on account of Employee's death, disability or retirement from the Bank, then in any such case the Bank shall continue to pay to the Employee, or to his personal representatives in case of his death, the Employee's base salary in effect as of the date of such termination (which shall not include any bonus) for the twelve (12) month period following the date of such termination termination.

Payments Upon Termination After Change in Control. If the employment of the Employee is terminated for any reason within twelve (12) months following a Change in Control (as hereinafter defined) other than (i) for Cause (as defined below), or (ii) on account of Employee's death, disability or retirement from the Bank, then in any such case the Bank shall continue to pay to the Employee, or to his personal representatives in case of his death, the Employee's base salary in effect as of the date of such termination (which shall not include any bonus) for the twelve twenty-four (1224) month period following the date of such termination termination.