Common use of Termination of Employment Following a Change in Control Clause in Contracts

Termination of Employment Following a Change in Control. Upon the occurrence of either of the following events during the term of this Agreement, the Executive shall receive the amounts specified in Section 3(b) below: (i) the Executive has terminated his employment with the Bank for Good Reason concurrently with, or during the two (2) year period immediately following, a Change in Control; or (ii) the Bank has terminated the employment of the Executive concurrently with, or during the two (2) year period immediately following, a Change in Control for any reason other than for Cause or a Disability of the Executive.

Appears in 3 contracts

Samples: Change in Control Agreement (CFS Bancorp Inc), Change in Control Agreement (CFS Bancorp Inc), Change in Control Agreement (CFS Bancorp Inc)

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Termination of Employment Following a Change in Control. Upon the occurrence of either of the following events during the term of this Agreement, the Executive shall receive the amounts specified in Section 3(b) below: (i) the Executive has terminated his employment with the Bank Employers for Good Reason concurrently with, or during the two (2) year period immediately following, a Change in Control; or (ii) the Bank has Employers have terminated the employment of the Executive concurrently with, or during the two (2) year period immediately following, a Change in Control for any reason other than for Cause or a Disability of the Executive.

Appears in 1 contract

Samples: Change in Control Agreement (CFS Bancorp Inc)

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