Common use of Transfer or Offices and Relocation Clause in Contracts

Transfer or Offices and Relocation. Any relocation or transfer of Commerce’s principal executive offices to a location more than fifty (50) miles from Executive’s principal residence on the date when the change in control occurs; or, if Executive is required, without his prior written consent, to relocate more than fifty (50) miles from his principal residence when the change in control occurs.

Appears in 2 contracts

Samples: Employment Agreement (Pennsylvania Commerce Bancorp Inc), Employment Agreement (Pennsylvania Commerce Bancorp Inc)

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Transfer or Offices and Relocation. Any relocation or transfer of Commerce’s principal executive offices to a location more than fifty (50) miles from ExecutiveHill’s principal residence on the date when the change in control occurs; or, if Executive Hill is required, without his prior written consent, to relocate more than fifty (50) miles from his principal residence when the change in control occurs.

Appears in 1 contract

Samples: Employment Agreement (Commerce Bancorp Inc /Nj/)

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Transfer or Offices and Relocation. Any relocation or transfer of Commerce’s Metro's principal executive offices to a location more than fifty (50) miles from Executive’s 's principal residence on the date when the change in control occurs; or, if Executive is required, without his prior written consent, to relocate more than fifty (50) miles from his principal residence when the change in control occurs.

Appears in 1 contract

Samples: Employment Agreement (Metro Bancorp, Inc.)

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