Rights in Event of Termination of Employment after a Change in Control. (a) In the event that Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death or Disability) during the term of this Agreement after a Change in Control or Executive’s employment is voluntarily terminated by Executive for Good Reason after a Change in Control (defined in Section 5(d) below), Executive shall be entitled to receive the compensation and benefits set forth below:
Appears in 3 contracts
Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)
Rights in Event of Termination of Employment after a Change in Control. (a) In the event that Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death or Disability) during the term of this Agreement or if the Corporation or the Bank terminate this Agreement pursuant to a Non-Renewal Notice, either occurring after a Change in Control Control, or if Executive’s employment is voluntarily terminated by Executive for Good Reason after a Change in Control (defined in Section 5(d) below), Executive shall be entitled to receive the compensation and benefits set forth below:
Appears in 2 contracts
Samples: Release Agreement (Malvern Bancorp, Inc.), Release Agreement (Malvern Bancorp, Inc.)
Rights in Event of Termination of Employment after a Change in Control. (a) In the event that Executive’s employment is involuntarily terminated by the Corporation or the Bank without Cause (other than for death or Disability) during the term of this Agreement after a Change in Control (as defined in Section 5(c) below) or Executive’s employment is voluntarily terminated by Executive for Good Reason (as defined in Section 3(c) above) after a Change in Control (defined in Section 5(d) below)Control, Executive shall be entitled to receive the compensation and benefits set forth belowreceive:
Appears in 1 contract
Samples: Employment Agreement (QNB Corp)