Common use of Reinstatement of Benefits Clause in Contracts

Reinstatement of Benefits. UNDER SECTION 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 15(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 5 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 4 contracts

Samples: Employment Agreement (Security Financial Bancorp Inc), Bank Employment Agreement (Virginia Capital Bancshares Inc), Trust Employment Agreement (Security Financial Bancorp Inc)

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Reinstatement of Benefits. UNDER SECTION 15(bUnder Section 17(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 15(b17(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank Employers will assume its their obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 5 2 of this Agreement upon the Bank's ’s receipt of a dismissal of charges in the Notice.

Appears in 3 contracts

Samples: Change in Control Agreement (Tierone Corp), Year Change in Control Agreement (Tierone Corp), Change in Control Agreement (Provident Financial Services Inc)

Reinstatement of Benefits. UNDER SECTION 15(bUnder Section 17(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 15(b17(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank Employers will assume its their obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 5 2 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 3 contracts

Samples: Control Agreement (Tierone Corp), Change in Control Agreement (Provident Financial Services Inc), Control Agreement (Tierone Corp)

Reinstatement of Benefits. UNDER SECTION 15(b9(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 15(b9(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 5 3 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 2 contracts

Samples: Control Agreement (First Source Bancorp Inc), Control Agreement (First Source Bancorp Inc)

Reinstatement of Benefits. UNDER SECTION 15(b9(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 15(b9(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 5 3 of this Agreement upon the Bank's receipt of a dismissal of charges in the NoticeNotice of Termination.

Appears in 2 contracts

Samples: Control Agreement (Lenox Bancorp Inc), Control Agreement (Lenox Bancorp Inc)

Reinstatement of Benefits. UNDER SECTION 15(b9(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 15(b9(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank or CIS will assume its their obligation to pay pay, and the Executive will be entitled to receive receive, all of the termination benefits provided for under Section 5 3 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 1 contract

Samples: Amendatory Agreement (Haven Bancorp Inc)

Reinstatement of Benefits. UNDER SECTION 15(bUnder Section 17(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 15(b17(b) hereof (the "Notice") during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its their obligation to pay and the Executive will be entitled to receive all of the termination benefits provided for under Section 5 2 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 1 contract

Samples: Control Agreement (CCSB Financial Corp)

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Reinstatement of Benefits. UNDER SECTION 15(b16(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 15(b16(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 5 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 1 contract

Samples: Employment Agreement (First Source Bancorp Inc)

Reinstatement of Benefits. UNDER SECTION 15(b9(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 15(b9(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 5 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 Agreement (Haven Bancorp Inc)

Reinstatement of Benefits. UNDER SECTION 15(bUnder Section 17(g). 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 15(b17(c) 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 5 3 of this Agreement upon the Bank's receipt of a dismissal of charges in the Notice.

Appears in 1 contract

Samples: Control Agreement (Georgetown Bancorp, Inc.)

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