Examples of CCB Bank in a sentence
Executive's employment with CCBF and CCB Bank shall terminate automatically upon Executive's death during the Employment Period.
During the Employment Period, Executive shall be entitled annually to a minimum of twenty (20) business days of paid vacation and shall be entitled to those number of business days of paid disability, sick and other leave specified in the employment policies of CCBF or CCB Bank.
During the Employment Period, Executive shall be entitled to fringe benefits in accordance with the plans, practices, programs and policies of CCBF and CCB Bank in effect for senior executive employees of CCBF or CCB Bank.
All fees and expenses of the Accounting Firm shall be borne solely by CCBF and CCB Bank.
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.
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.
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.
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.
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.