Common use of Termination Without Cause Prior to a Change in Control Clause in Contracts

Termination Without Cause Prior to a Change in Control. Upon the occurrence of a Termination Without Cause prior to a Change in Control, as damages for breach of this Agreement, the Bank shall continue to provide Executive his base salary then in effect, upon such terms and at such times as described herein, for a period of nine (9) months following such Termination.

Appears in 5 contracts

Samples: Employment Agreement (Community Bancorp Inc), Employment Agreement (Community Bancorp Inc), Employment Agreement (Community Bancorp Inc)

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Termination Without Cause Prior to a Change in Control. Upon the occurrence of a Termination Without Cause prior to a Change in Control, as damages for breach of this Agreement, the Bank shall continue to provide Executive his base salary then in effect, upon such terms and at such times as described herein, for a period of nine (9) 12 months following such Termination.

Appears in 1 contract

Samples: Employment Agreement (Community Bancorp Inc)

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