REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section 9(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and Executive will be entitled to receive all of the termination benefits provided for under Section 3 upon the Bank's receipt of a dismissal of charges in the Notice.
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Samples: First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) ). --------------------------------------------- In the event the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section section 9(b) hereof (the "Notice") during the term terms of this Agreement and a Change in Controlcontrol, as defined herein, occurs, the Bank will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 3 4 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
Appears in 2 contracts
Samples: Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) ). In the event the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section section 9(b) hereof (the "Notice") during the term terms of this Agreement and a Change in Controlcontrol, as defined herein, occurs, the Bank will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 3 4 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
Appears in 2 contracts
Samples: Agreement (Harbor Florida Bancorp Inc), Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 15(b). In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice described in Section 9(b15(b) hereof (the "“Notice"”) during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and Executive will be entitled to receive all of the termination benefits provided for under Section 3 5 of this Agreement upon the Bank's ’s receipt of a dismissal of the charges set forth in the Notice.
Appears in 2 contracts
Samples: Employment Agreement (North Penn Bancorp Inc), Employment Agreement (North Penn Bancorp Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 15(b). In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section 9(b15(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and Executive will be entitled to receive all of the termination benefits provided for under Section 3 5 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
Appears in 1 contract
Samples: Employment Agreement (Lawrence Financial Holdings Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 5(b). In the event Executive the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section 9(b5(b) hereof (the "Notice") during the term of this Agreement and a Change change in Control, as defined herein, control occurs, the Bank will assume its obligation to pay and Executive the Employee will be entitled to receive all of the termination benefits provided for under Section 3 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Sho Me Financial Corp)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 15(B). In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's Bank `s affairs by a notice described in Section 9(b15(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and Executive will be entitled to receive all of the termination benefits provided for under Section 3 5 of this Agreement upon the Bank's Bank `s receipt of a dismissal of charges in the Notice.
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REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 8(b). In the event the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section 9(b8(b) hereof (the "Notice") during the term terms of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 3 4 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
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REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) ). In the event the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice described in Section 9(b) hereof (the "“Notice"”) during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 3 of this Agreement upon the Bank's ’s receipt of a dismissal of charges in the Notice.
Appears in 1 contract
Samples: Change in Control Agreement (Quaker City Bancorp Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 8(b). -------------------------------------------- In the event the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice described in Section 9(b8(b) hereof (the "Notice") during the term terms of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 3 4 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.
Appears in 1 contract
Samples: Change in Control Agreement (Harbor Florida Bancorp Inc)
REINSTATEMENT OF BENEFITS UNDER SECTION. 9(b) 8(b). In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice described in Section 9(b8(b) hereof (the "“Notice"”) during the term of this Agreement and a Change in Control, as defined herein, occurs, occurs the Bank and the Holding Company will assume its obligation to pay and the Executive will be entitled to receive all of the termination benefits Change in Control Benefits provided for under Section 3 of this Agreement upon the Bank's ’s receipt of a dismissal of charges in the Notice.
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