Examples of CCB Bank in a sentence
The date on which CCBF and CCB Bank or Executive receives notice in accordance with Section 16(g) of a Change of Control Termination shall be deemed the Change of Control Termination Date.
During the Employment Period, and excluding any periods of vacation, sick or other leave to which Executive is entitled under this Agreement, Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of CCBF and CCB Bank, and, to the extent necessary to discharge the responsibilities assigned to Executive hereunder, to use Executive's reasonable best efforts to perform faithfully and efficiently his responsibilities and duties under this Agreement.
Each of CCBF and CCB Bank will require any successor to it (whether direct or indirect, by stock or asset purchase, merger, consolidation or otherwise) to all or substantially all of its business or more than fifty percent (50%) of its assets to assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken place.
Executive's employment with CCBF and CCB Bank shall terminate automatically upon Executive's death during the Employment Period.
CCBF and CCB Bank may allocate between them for accounting and taxation purposes the payment of compensation to Executive under this Agreement on the basis of such factors as they deem relevant and appropriate; provided, however, that CCBF and CCB Bank shall be jointly and severally liable and obligated to fulfill all obligations to Executive under this Agreement.
Without limiting the foregoing, for one (1) year after Executive's death, CCBF and CCB Bank shall pay any premium required for any "qualified beneficiary" to continue his or her health care coverage in accordance with Title I, Part 6 of the Employee Retirement Security Act of 1974, as amended.
Amounts which are vested benefits or which Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with CCBF, CCB Bank or other Subsidiary at or subsequent to a Date of Termination or Change of Control Termination Date shall be payable in accordance with such plan, policy, practice or program or such contract or agreement except as explicitly modified by this Agreement.
Nothing in this Agreement is to be interpreted as limiting CCBF or CCB Bank from employing other personnel on such terms and conditions as may be satisfactory to it.
Any determination by the Accounting Firm shall be binding upon CCBF, CCB Bank and Executive.
In the event that during the Employment Period, CCBF and CCB Bank terminate Executive's employment other than for Cause or Disability or Executive terminates such employment for Good Reason, in any of the foregoing cases within one (1) year after a Change of Control (each a "Change of Control Termination"), Executive shall be entitled to receive the payments and benefits specified in this Section 9.