Termination on Account of or After a Change in Control. In the event: (1) the Executive’s employment with the Bank is terminated by the Bank in conjunction with, or by reason of, a Change in Control; or (ii) after a Change in Control, there is a Constructive Termination of Employment, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as described on Schedule B, in substantially equal monthly installments on the first day of each month, beginning the month following termination of employment by the Bank or the Constructive Termination of Employment. The commencement date for payments is subject to Paragraph 10 below.”
Termination on Account of or After a Change in Control. In the event: (i) the Executive's employment with the Employer is terminated by the Employer in conjunction with, or by reason of, a "Change in Control" (as defined in subparagraph 1.3 above); or (ii) by reason of the Employer's actions any adverse and material change occurs in the scope of the Executive's position, responsibilities, duties, salary, benefits, or location of employment after a Change in Control occurs; or (iii) the Employer causes an event to occur which reasonably constitutes or results in a demotion, a significant diminution of responsibilities or authority, or a constructive termination (by forcing a resignation or otherwise) of the Executive's employment after a Change in Control occurs, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive attains sixty (60) years of age or any month thereafter, as requested in writing by the Executive and delivered to the Employer or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Executive attains sixty-two (62) years of age. The installments shall be payable until the Executive's death.
Termination on Account of or After a Change in Control. In the event the Executive’s employment with the Employer is terminated by the Employer in conjunction with, or by reason of, a “Change in Control” (as defined in subparagraph 1.3 above then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Change in Control has occurred, as requested in writing by the Executive and delivered to the Bank or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Executive attains fifty-five (55) years of age. The installments shall be payable for a period of one hundred and eighty (180) months.
Termination on Account of or After a Change in Control. A termination shall be deemed to be in Connection with a Change in Control if, at any time following a Change in Control:
Termination on Account of or After a Change in Control. In the event the Executive’s employment with the Employer is terminated by the Employer in conjunction with, or by reason of, a Change in Control (as defined in subparagraph 1.3, above), then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Change in Control has occurred, as requested in writing by the Executive and delivered to the Bank or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Executive attains sixty-two (62) years of age. The installments shall be payable until the Executive’s death.
Termination on Account of or After a Change in Control. In the event: (i) the Executive's employment with the Employer is terminated by the Employer in conjunction with, or by reason of, a "Change in Control" (as defined in subparagraph 1.3 above); or (ii) by reason of the Employer's actions any adverse and material change occurs in the scope of the Executive's position, responsibilities, duties, salary, benefits, or location of employment after a Change in Control occurs; or (iii) the Employer causes an event to occur which reasonably constitutes or results in a demotion, a significant diminution of responsibilities or authority, or a constructive termination (by forcing a resignation or otherwise) of the Executive's employment after a Change in Control occurs, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive attains sixty (60) years of age or any month thereafter, as requested in writing by the Executive and delivered to the Employer or its successor thirty (30) days prior to the commencement of installment payments provided, pursuant to any applicable reduction for Early Retirement however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Executive attains the Normal Retirement Date. The installments shall be payable until the Executive's death.
Termination on Account of or After a Change in Control. If within one year of the effective date of a Change in Control (as defined above) (i) Executive's employment is terminated by the Bank or Holding Company, its assignee or successor, without Cause or (ii) Executive terminates her employment by the Bank or Holding Company on account of (y) Executive's position, responsibilities or working conditions being substantially diminished or (z) a material reduction in the Executive's compensation or benefits, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined in Schedule B, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive attains sixty-two (62) years of age or any month thereafter, as requested in writing by the Executive and delivered to the Bank or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Executive attains sixty-five (65) years of age. The installments shall be payable until the Executive's death.
Termination on Account of or After a Change in Control. In the event: (i) the Executive's employment with the Employer is terminated by the Employer in conjunction with, or by reason of, a "Change in Control" (as defined in subparagraph 1.3 above); or (ii) by reason of the Employer's actions any adverse and material change occurs in the scope of the Executive's position, responsibilities, duties, salary, benefits, or location of employment after a Change in Control occurs; or (iii) the Employer causes an event to occur which reasonably constitutes or results in a demotion, a significant diminution of responsibilities or authority, or a constructive termination (by forcing a resignation or otherwise) of the Executive's employment after a Change in Control occurs, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Change in Control has occurred, as requested in writing by the Executive and delivered to the Bank or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Executive does not request a commencement date as specified, such installments shall be paid on the first day or each month, beginning with the month following the month in which the Executive attains sixty-two (62) years of age. The installments shall be payable until the Executive's death.
Termination on Account of or After a Change in Control. In the event the Executive’s Employment with the Employer is terminated by the Employer, or otherwise terminates as a result of an event of Constructive Termination, in contemplation of, in conjunction with, or by reason of, a “Change in Control” (as defined in Paragraph 1.3 above) then the Executive shall be entitled to be paid, without risk of forfeiture under Paragraph 6, a 100% Applicable Percentage of the Executive Benefit applicable to Termination Without Cause (as defined in Paragraph 5.1 above). Constructive Termination is defined as a voluntary election to resign or forced resignation resulting from Employer actions, in conjunction with, or by reason of a Change in Control, which actions result in any change in the scope of the Executive’s position, responsibilities, duties, salary, benefits, or location of Employment which are adverse and material to the Executive.
Termination on Account of or After a Change in Control. In the event the Executive's Employment with the Employer is terminated by the Employer on Account of or After a Change in Control, or in the event the Executive is Constructively Terminated, then the Executive shall be entitled to be paid the same annual benefit amount she would have received had she retired following the attainment of Normal Retirement Age (as identified in Paragraph 2.1).
