Common use of Amendment to Section 4(b) Clause in Contracts

Amendment to Section 4(b). The last sentence of Section 4(b) shall be deleted in its entirety and replaced with the following in lieu thereof: “Such compensation shall be paid in a lump sum as soon as reasonably practicable and in all events within ninety (90) days following the date of the Employee’s termination.”

Appears in 2 contracts

Sources: Severance Protection Agreement (Georgia-Carolina Bancshares, Inc), Severance Protection Agreement (Georgia-Carolina Bancshares, Inc)