Common use of Rights in Event of Termination of Employment Following Change in Control Clause in Contracts

Rights in Event of Termination of Employment Following Change in Control. (a) In the event of a termination of employment following a change of control (as described in Section 5(a) of this Agreement), Executive shall be entitled to receive the compensation and benefits set forth below:

Appears in 6 contracts

Samples: Separation Agreement and General Release (CCFNB Bancorp Inc), Separation Agreement and General Release (CCFNB Bancorp Inc), Separation Agreement and General Release (CCFNB Bancorp Inc)

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Rights in Event of Termination of Employment Following Change in Control. (a) In the event that Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a) of this Agreement)) to Corporation and Bank, Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 6 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 Following Change in Control. (a) In the event that a Change in Control occurs and Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a6(a) of this Agreement)) to Corporation, Bank and Services Company, Executive shall be entitled to receive the compensation and benefits set forth below:

Appears in 5 contracts

Samples: Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event that Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a) of this Agreement)) to Bancorp and E&B, Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 4 contracts

Samples: Employment Agreement (Leesport Financial Corp), Employment Agreement (First Leesport Bancorp Inc), Employment Agreement (Leesport Financial Corp)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event that a Change in Control occurs and Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a6(a) of this Agreement)) to Corporation and Bank, Executive shall be entitled to receive the compensation and benefits set forth below:

Appears in 3 contracts

Samples: Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event that Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a) of this Agreement)) to Corporation and Bank, in addition to his Accrued Benefits, Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 2 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event of that there is a termination of Change in Control and the Executive’s employment following a change of control (as described in Section 5(a) of this Agreement)terminates voluntarily or involuntarily other than for Cause or prior Disability, Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 2 contracts

Samples: Employment Agreement (Tompkins Financial Corp), Employment Agreement (Leesport Financial Corp)

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Rights in Event of Termination of Employment Following Change in Control. (a) In the event that Executive delivers a Notice of a termination of employment following a change of control Termination (as described defined in Section 5(a) of this Agreement)) to Bancorp and Bank, Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 2 contracts

Samples: Employment Agreement (Leesport Financial Corp), Employment Agreement (First Leesport Bancorp Inc)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event of a termination of employment following a change of control (as described in Section 5(a) of this Agreement)) to the Bank, Executive shall be entitled to receive the compensation and benefits set forth below:

Appears in 1 contract

Samples: Employment Agreement (Codorus Valley Bancorp Inc)

Rights in Event of Termination of Employment Following Change in Control. (a) In the event of that there is a termination of Change in Control and the Executive’s employment following a change of control (as described terminates voluntarily or involuntarily other than for the reasons set forth in Section 5(a3(b) or 3(d) of this Agreement), Executive shall be absolutely entitled to receive the compensation and benefits set forth below:

Appears in 1 contract

Samples: Employment Agreement (Leesport Financial Corp)

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