Common use of Termination Due to Death, Disability, or Change in Control Clause in Contracts

Termination Due to Death, Disability, or Change in Control. If the Executive's employment is terminated due to the Executive's death, Disability, or within 24 months of a Change in Control, then the Executive shall vest 100% in all deferral balances derived by Executive Retirement/Retention Awards granted under this Agreement. The payment of such amounts shall be determined by the terms of the Plan.

Appears in 3 contracts

Samples: Retention Participation Agreement (First Northern Community Bancorp), Retirement/Retention Participation Agreement (First Northern Community Bancorp), Retention Participation Agreement (First Northern Community Bancorp)

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Termination Due to Death, Disability, or Change in Control. If the Executive's ’s employment is terminated due to the Executive's ’s death, Disability, or within 24 months of a Change in Control, then the Executive shall vest 100% in all deferral balances derived by Executive Retirement/Retention Awards granted under this Agreement. The payment of such amounts shall be determined by the terms of the Plan.

Appears in 1 contract

Samples: Retention Participation Agreement (First Northern Community Bancorp)

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