Common use of Termination of Agreement in Event of Corporate Change of Control Clause in Contracts

Termination of Agreement in Event of Corporate Change of Control. If Executive receives any payment under Section 3.6 of the SCA (Termination of Employment in Event of Change of Control), Executive and Employer agree this Agreement shall automatically terminate along with all of Executive’s interests herein and further agree that no benefits pursuant to this Agreement shall be payable by Employer to Executive’s beneficiaries.

Appears in 5 contracts

Samples: Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings)

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