Common use of Termination by the Bank Clause in Contracts

Termination by the Bank. In the event The Bank or its successors in interest terminates this Agreement within 24 months following a Change in Control for reasons other than for cause pursuant to paragraph 5(d), or as the result of the Executive's death or disability pursuant to paragraph 5(e), The Bank will pay the Executive 24 times the base compensation received by the Executive during the most recent calendar month ending on or prior to the effective date of termination, less statutory payroll deductions. Payment under this paragraph shall be made in accordance with The Bank's ordinary payroll policies and procedures in equal monthly payments beginning on the 15th day of the calendar month immediately following the termination date and ending on the date which is the 15th day of the third calendar month of the calendar year immediately following the termination date.”

Termination by the Bank. In the event The Bank or its successors in interest terminates this Agreement within 24 months following a Change in Control for reasons other than for cause pursuant to paragraph 5(d), or as the result of the Executive's death or disability pursuant to paragraph 5(e), The Bank will pay the Executive 24 18 times the base compensation received by the Executive during the most recent calendar month ending on or prior to the effective date of termination, less statutory payroll deductions. Payment under this paragraph shall be made in accordance with The Bank's ordinary payroll policies and procedures in equal monthly payments beginning on the 15th day of the calendar month immediately following the termination date and ending on the date which is the 15th day of the third calendar month of the calendar year immediately following the termination date.”

Termination by the Bank. In the event The Bank or its successors in interest terminates this Agreement within 24 months following a Change in Control for reasons other than for cause pursuant to paragraph 5(d), or as the result of the Executive's death or disability pursuant to paragraph 5(e), The Bank will pay the Executive 24 36 times the base compensation received by the Executive during the most recent calendar month ending on or prior to the effective date of termination, less statutory payroll deductions. Payment under this paragraph shall be made in accordance with The Bank's ordinary payroll policies and procedures in equal monthly payments beginning on the 15th day of the calendar month immediately following the termination date and ending on the date which is the 15th day of the third calendar month of the calendar year immediately following the termination date.”

Termination by the Bank. In the event The Bank or its successors in interest terminates this Agreement within 24 twenty-four months following a Change in Control for reasons other than for cause pursuant to paragraph 5(d), or as the result of the Executive's death or disability pursuant to paragraph 5(e), The Bank will pay the Executive 24 thirty six (36) times the base compensation received by the Executive during the most recent calendar month ending on or prior to the effective date of termination, less statutory payroll deductions. Payment under this paragraph shall be made in accordance with The Bank's ’s ordinary payroll policies and procedures in equal monthly payments beginning on the 15th day of the calendar month immediately following the termination date and ending on the date which is the 15th day of the third calendar month of the calendar year immediately following the termination date.”

Termination by the Bank. In the event The Bank or its successors in interest terminates this Agreement within 24 months following a Change in Control for reasons other than for cause pursuant to paragraph 5(d), or as the result of the Executive's death or disability pursuant to paragraph 5(e), The Bank will pay the Executive 24 times the base compensation received by the Executive during the most recent calendar month ending on or prior to the effective date of termination, less statutory payroll deductions. Payment under this paragraph shall be made in accordance with The Bank's ordinary payroll policies and procedures in equal monthly payments beginning on the 15th day of the calendar month immediately following the termination date and ending on the date which is the 15th day of the third calendar month of the calendar year immediately following the termination date.”