Common use of Trigger Events Clause in Contracts

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 11 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Frankfort First Bancorp Inc), Employment Agreement (Frankfort First Bancorp Inc)

AutoNDA by SimpleDocs

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-30- day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 8 contracts

Samples: Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (Newsouth Bancorp Inc), Restated Employment Agreement (Tri County Financial Corp /Md/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-30- day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank Association or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 4 contracts

Samples: Employment Agreement (High Country Bancorp Inc), Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (Peoples Bancorp Inc /Ny/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (iI) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 3 contracts

Samples: Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 3 contracts

Samples: Employment Agreement (Norwood Financial Corp), Employment Agreement (Cumberland Mountain Bancshares Inc), Employment Agreement (Cumberland Mountain Bancshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (bSection 13(b) hereof in the event that either (i) the Employee voluntarily terminates employment either for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (Glen Burnie Bancorp)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank Association or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (United Tennessee Bankshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bancshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank Association or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (High Country Bancorp Inc)

AutoNDA by SimpleDocs

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank Association or the Company or their successor(s) in interest terminate the Employee's employment without his her written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (United Tennessee Bankshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof Section 3 of this Agreement in the event that either (ia) a Change of Control has occurred and the Employee voluntarily terminates his employment for any reason within the 30-day period beginning on the first anniversary of the date of the occurrence of a Change in Control, (iib) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iiic) the Bank or Bank, the Company Company, or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Coastal Bancorp Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (bSection 12(b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30180-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Company or Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his her written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bancshares Inc)

Trigger Events. The Employee shall be entitled to collect the severance benefits set forth in Subsection subsection (b) hereof in the event that either (i) the Employee voluntarily terminates employment for any reason within the 30-30- day period beginning on the date of a Change in Control, (ii) the Employee voluntarily terminates employment within 90 days of an event that both occurs during the Protected Period and constitutes Good Reason, or (iii) the Bank or the Company or their successor(s) in interest terminate the Employee's employment without his written consent and for any reason other than Just Cause during the Protected Period.

Appears in 1 contract

Samples: Employment Agreement (North Arkansas Bancshares Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!