Termination Prior to Change in Control. If (i) the Company or the Bank terminates Executive’s employment without Cause, Executive resigns for Good Reason before a Change in Control, or the Company or the Bank unilaterally terminates this Agreement, and (ii) within twelve (12) months thereafter, the Company or the Bank enters into an agreement for a Change in Control or any party announces or is required by law to announce a prospective Change in Control of the Company or the Bank, then upon the closing of such Change in Control, Executive shall receive the Change in Control Payment.
Appears in 4 contracts
Samples: Severance/Salary Continuation Agreement (Pacific Continental Corp), Severance/Salary Continuation Agreement (Pacific Continental Corp), Severance/Salary Continuation Agreement (Pacific Continental Corp)
Termination Prior to Change in Control. If (i) the Company or the Bank terminates Executive’s 's employment without Cause, Executive resigns for Good Reason before a Change in Control, or the Company or the Bank unilaterally terminates this Agreement, and (ii) within twelve (12) months thereafter, the Company or the Bank enters into an agreement for a Change in Control or any party announces or is required by law to announce a prospective Change in Control of the Company or the Bank, then upon the closing of such Change in Control, Executive shall receive the Change in Control Payment.
Appears in 1 contract
Samples: Change in Control/Salary Continuation Agreement (Pacific Continental Corp)
Termination Prior to Change in Control. If (i) the Company or the Bank terminates Executive’s employment without Cause, Executive resigns for Good Reason Cause before a Change in Control, or the Company or the Bank unilaterally terminates this Agreement, and (ii) prior to such termination or within twelve ninety (1290) months thereafter, days thereafter the Company or and/or the Bank entered or enters into an agreement for a Change in Control or any party announced, announces or is required by law to announce a prospective Change in Control, which Change in Control of the Company or the Bankis consummated, then upon within ten (10) days following the closing consummation of such Change in Control, Control the Bank shall pay to Executive shall receive the Change in Control PaymentPayment in a single lump sum.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Coastal Financial Corp)
Termination Prior to Change in Control. If (i) the Company or the Bank terminates Executive’s employment without Cause, Executive resigns for Good Reason Cause before a Change in Control, or the Company or the Bank unilaterally terminates this Agreement, and (ii) within twelve ninety (1290) months thereafter, days thereafter the Company or and/or the Bank enters into an agreement for a Change in Control or any party announces or is required by law to announce a prospective Change in Control, which Change in Control of the Company or the Bankis consummated, then upon within ten (10) days following the closing consummation of such Change in Control, Control the Bank shall pay to the Executive shall receive the Change in Control PaymentPayment in a single lump sum.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Coastal Financial Corp)
Termination Prior to Change in Control. If (i) the Company or the Bank terminates Executive’s employment without Cause, Cause or Executive resigns for Good Reason before a Change in Control(each as defined below), or and within eighteen (18) months thereafter the Company or the Bank unilaterally terminates this Agreement, and (ii) within twelve (12) months thereafter, the Company or the Bank enters into an agreement for a Change in Control or any party announces or is required by law to announce a prospective Change in Control of the Company or the Bank, then upon the closing of such Change in Control, Executive shall receive the Change in Control Payment.required
Appears in 1 contract
Samples: Change in Control Severance Agreement (Skagit State Bancorp, Inc.)
