TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive plan, then the Bank reserves the right to terminate or modify this Agreement accordingly.
Appears in 4 contracts
Samples: Executive Long Term Compensation Agreement (Sound Financial Bancorp, Inc.), Santa Lucia Bank (Santa Lucia Bancorp), Santa Lucia Bank (Santa Lucia Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said such assumptions should change and said the change has a detrimental effect on this Executive planAgreement, then the Bank reserves the right to terminate or modify this Agreement accordinglyAgreement. This paragraph shall become null and void effective immediately upon a Change In Control.
Appears in 3 contracts
Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp), Second Executive Salary Continuation Agreement (Central Valley Community Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planJoint Beneficiary Designation Agreement, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph XV), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 2 contracts
Samples: Joint Beneficiary Designation (CB Financial Services, Inc.), Agreement (Citizens Bancshares Corp /Ga/)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control [Subparagraph I (I) and Paragraph V], this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 2 contracts
Samples: Supplemental Retirement Plan, Agreement (Crescent Banking Co)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive executive plan, then the Bank reserves the right to terminate or modify this Agreement accordingly.
Appears in 2 contracts
Samples: Supplemental Compensation Agreement (BayCom Corp), Supplemental Compensation Agreement (BayCom Corp)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Centra Financial Holdings Inc)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control [Subparagraph I (J)], this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Supplemental Retirement Plan (Poage Bankshares, Inc.)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves the right to terminate or modify this Agreement accordingly.
Appears in 1 contract
Samples: Executive Supplemental Compensation Agreement (Americanwest Bancorporation)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves the right to terminate or modify this Agreement accordingly.
Appears in 1 contract
Samples: Salary Continuation Agreement (Santa Lucia Bancorp)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planPlan, then the Bank reserves and the Executive both reserve the right to terminate or modify this Agreement accordinglyaccordingly by mutual agreement of the parties herein.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan Agreement (FedFirst Financial CORP)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planDirector Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control [Subparagraph I (J)], this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Agreement (Poage Bankshares, Inc.)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planthis. Director Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph XI), this paragraph shall become null and void effective immediately upon said Change of Control.
Appears in 1 contract
Samples: Director Fee Continuation Agreement (Lyons Bancorp Inc)
TERMINATION OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS. The Bank is entering into this Agreement upon the assumption that certain existing tax laws, the Code, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive planDirector Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly.
Appears in 1 contract
Samples: Director Supplemental Compensation Agreement (Americanwest Bancorporation)
