Superseding Provisions. The benefits and payments set forth in Section 9(a) that may be due in connection with a Change of Control shall supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a). The benefits and payments due under Section 9(a) replace those in Section 7(a), and are not cumulative thereof.
Appears in 13 contracts
Samples: Employment Agreement (Carter Bankshares, Inc.), Employment Agreement (Carter Bankshares, Inc.), Employment Agreement (Carter Bankshares, Inc.)
Superseding Provisions. The benefits and payments set forth in Section 9(a) that may be due in connection with a Change of Control shall supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a7(a)(i), (ii) and (iii). The benefits and payments due under Section 9(a) replace those in Section 7(a7(a)(i), (ii) and (iii), and are not cumulative thereof.
Appears in 5 contracts
Samples: Employment Agreement (Severn Bancorp Inc), Employment Agreement (Old Point Financial Corp), Employment Agreement (Old Point Financial Corp)
Superseding Provisions. The benefits and payments set forth in Section 9(a) 8 that may be due in connection with a Change of Control shall supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a). The benefits and payments due under Section 9(a) 8 replace those in Section 7(a), and are not cumulative thereof.
Appears in 3 contracts
Samples: Employment Agreement (John Marshall Bancorp, Inc.), Employment Agreement (John Marshall Bancorp, Inc.), Employment Agreement (John Marshall Bancorp, Inc.)
Superseding Provisions. The benefits and payments set forth in Section 9(a8(a) that may be due in connection with a Change of Control shall supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a). The benefits and payments due under Section 9(a8(a) replace those in Section 7(a), and are not cumulative thereofthereof and under no circumstances shall Executive have a right to payment under both Section 7 and Section 8.
Appears in 2 contracts
Samples: Employment Agreement (John Marshall Bancorp, Inc.), Employment Agreement (John Marshall Bancorp, Inc.)
