SERP Payment. Immediately prior to the Closing Date, the Company shall make a lump sum cash payment to the Executive in an amount equal to $601,841 in full satisfaction of the obligations under the SERP.
Appears in 2 contracts
Samples: Change of Control Severance Agreement (BSB Bancorp Inc), Change of Control Severance Agreement (Partners Trust Financial Group Inc)
SERP Payment. Immediately prior to the Closing Date, the Company shall make a lump sum cash payment to the Executive in an amount equal to $601,841 604,933 in full satisfaction of the obligations under the SERP.
Appears in 2 contracts
Samples: Change of Control Severance Agreement (Partners Trust Financial Group Inc), Change of Control Severance Agreement (BSB Bancorp Inc)
