CCB Bank definition
Examples of CCB Bank in a sentence
As used in this Agreement, "CCBF" and "CCB Bank" shall mean CCBF and CCB Bank as hereinbefore defined and any successor to their respective businesses and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.
This Agreement is personal to Executive and without the prior written consent of CCBF and CCB Bank shall not be assignable by Executive otherwise than by will or the laws of descent and distribution.
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.
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.
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.
This Agreement shall inure to the benefit of and be binding upon CCBF and CCB Bank and their respective successors and assigns.
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.
Nothing in this Agreement shall prevent or limit Executive's continuing or future participation in any plan, program, policy, or practice provided by CCBF, CCB Bank or any other Subsidiary and for which Executive may qualify, nor, subject to Section 14(e), shall anything herein limit or otherwise affect such rights as Executive may have under any contract or agreement with CCBF, CCB Bank or any other Subsidiary.
All fees and expenses of the Accounting Firm shall be borne solely by CCBF and CCB Bank.
During the Employment Period, Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by Executive in accordance with the policies, practices and procedures of CCBF and CCB Bank to the extent applicable generally to other senior executive employees of CCBF or CCB Bank.