Common use of PURPOSE AND DURATION OF AGREEMENT Clause in Contracts

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written above.

Appears in 2 contracts

Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)

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PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s 's employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s 's employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from on September 15, 2008. This Agreement supersedes the date first written above.Terms of Employment and Severance Agreement between Umpqua and Officer dated September 15, 2003.1

Appears in 2 contracts

Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s 's employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s 's employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written above.

Appears in 2 contracts

Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written aboveon January 31, 2014.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The This purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in certain circumstances where Officer’s employment is terminated. Unless sooner terminated or a Change as set forth below, and except as set forth in Control (defined below) occurs. This AgreementSection 22.3, including the severance provisions governed by ERISA, this Agreement shall expire five (5) years from the date first written aboveon December 31, 2020.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISAERISA as expressly set forth below, shall expire five (5) years from the date first written aboveon December 31, 2014.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written aboveon February 28, 2013.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written aboveon December 31, 2018.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s 's employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s 's employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from on September 15, 2008. This Agreement supersedes the date first written aboveTerms of Employment and Severance Agreement between Umpqua and Officer dated September 15, 2003.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The This purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in certain circumstances where Officer’s employment is terminated. Unless sooner terminated or a Change as set forth below, and except as set forth in Control (defined below) occurs. This AgreementSection 22.3, including the severance provisions governed by ERISA, this Agreement shall expire five (5) years from the date first written aboveon December 31, 2018.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

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PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with benefits in certain circumstances where when Officer’s employment is terminated or a Change under certain conditions. Unless sooner terminated as set forth below, and except as set forth in Control (defined below) occurs. This AgreementSection 21.3, including the severance provisions governed by ERISA, this Agreement shall expire five (5) years from the date first written aboveon December 31, 2021.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s 's employment with Umpqua and to provide Officer with benefits in certain circumstances where when Officer’s 's employment is terminated or a Change under certain conditions. Unless sooner terminated as set forth below, and except as set forth in Control (defined below) occurs. This AgreementSection 21.3, including the severance provisions governed by ERISA, this Agreement shall expire five (5) years from the date first written aboveon December 31, 2021.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISAERISA as expressly set forth below, shall expire five (5) years from the date first written aboveon December 31, 2015.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The This purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in certain circumstances where Officer’s employment is terminated. Unless sooner terminated or a Change as set forth below, and except as set forth in Control (defined below) occurs. This AgreementSection 22.3, including the severance provisions governed by ERISA, this Agreement shall expire five (5) years from the date first written aboveon December 31, 2021.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISAERISA as expressly set forth below, shall expire five (5) years from the date first written aboveon January 31, 2014.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to reflect Officer’s promotion and to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISAERISA as expressly set forth below, shall expire five (5) years from the date first written aboveon December 31,2016.

Appears in 1 contract

Samples: Employment Agreement (Umpqua Holdings Corp)

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