Common use of Amendments and Termination Clause in Contracts

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of Disability.

Appears in 8 contracts

Sources: Split Dollar Agreement (CenterState Banks, Inc.), Split Dollar Agreement (Community Capital Corp /Sc/), Split Dollar Agreement (Community Capital Corp /Sc/)

Amendments and Termination. This Agreement may be amended or terminated by the Company at any time prior to a Change of Control. However, subsequent to a Change of Control, the Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this This Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 8 contracts

Sources: Split Dollar Agreement (West Pointe Bancorp Inc), Split Dollar Agreement (West Pointe Bancorp Inc), Split Dollar Agreement (West Pointe Bancorp Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 5 contracts

Sources: Split Dollar Agreement, Split Dollar Agreement (BANKshares Inc), Split Dollar Agreement (BANKshares Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company Bank and the Executive. However, unless otherwise agreed to by the Company Bank and the Executive, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 5 contracts

Sources: Split Dollar Agreement (Columbia Bancorp \Or\), Split Dollar Agreement (Columbia Bancorp \Or\), Split Dollar Agreement (Columbia Bancorp \Or\)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. HoweverProvided, unless otherwise agreed to by however, if the Company’s Board of Directors determines that the Executive is no longer a member of a select group of management or highly compensated employees for reasons other than death, Disability or retirement, the Company and may amend or terminate this Agreement. Upon such amendment or termination the ExecutiveCompany shall pay benefits to the Executive as if Early Termination occurred on the date of such amendment or termination, this Agreement will automatically terminate upon the Executive’s regardless of whether Early Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of Disabilityactually occurs.

Appears in 4 contracts

Sources: Salary Continuation Agreement (Heritage Oaks Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 3 contracts

Sources: Split Dollar Agreement (Peoples Bancorporation Inc /Sc/), Split Dollar Agreement (Peoples Bancorporation Inc /Sc/), Split Dollar Agreement (First South Bancorp Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company Employer and the Executive. However, unless otherwise agreed to by the Company Employer and the Executive, this Agreement will automatically terminate upon if the Executive’s Termination of Employment prior Executive ceases to Normal Retirement Age be employed by the Employer for any reason whatsoever (other than following by reason of a Change leave of Control absence which is approved by the Employer) and has received or on account of Disabilityhad the opportunity to receive any benefit under the Salary Continuation Agreement.

Appears in 3 contracts

Sources: Split Dollar Agreement (Plumas Bancorp), Split Dollar Agreement (Plumas Bancorp), Split Dollar Agreement (Plumas Bancorp)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However; provided, unless otherwise agreed to by the Company and the Executivehowever, that this Agreement will automatically terminate upon the first to occur of (a) the distribution of the death proceeds in accordance with Article 2, (b) the Executive’s Termination of Employment employment is terminated prior to the Normal Retirement Age by the Executive other than following a Due to Disability or Due to Change of Control or on account (c) anything herein to the contrary notwithstanding, the Executive experiences a Termination of DisabilityEmployment for Cause at any time.

Appears in 2 contracts

Sources: Split Dollar Agreement (Business Bancorp /Ca/), Split Dollar Agreement (Business Bancorp /Ca/)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the ExecutiveTrustee. However, unless otherwise agreed to by the Company and the ExecutiveTrust, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 1 contract

Sources: Split Dollar Agreement (First South Bancorp Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment (other than in connection with a Change of Control) prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 1 contract

Sources: Split Dollar Agreement (West Pointe Bancorp Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s Termination of Employment prior to Normal Retirement Age for any reason other than following a Change of Control the Executive’s death or on account of Disability. This Agreement may be amended or terminated, in whole or in part, by the Company at its sole discretion.

Appears in 1 contract

Sources: Pre Retirement Split Dollar Agreement (County Bancorp, Inc.)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityVoluntary Early Termination.

Appears in 1 contract

Sources: Split Dollar Agreement (Cooperative Bankshares Inc)

Amendments and Termination. This Agreement may be amended or terminated terminate only by a written agreement signed by the Company and the ExecutiveTrustee. However, unless otherwise agreed to by the Company and the ExecutiveTrust, this Agreement will automatically terminate upon the Executive’s Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 1 contract

Sources: Split Dollar Agreement (Pinnacle Financial Corp)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityEmployment.

Appears in 1 contract

Sources: Split Dollar Agreement (MBT Financial Corp)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment Service prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 1 contract

Sources: Split Dollar Agreement (Tib Financial Corp)

Amendments and Termination. This Agreement may my be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Voluntary Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityTermination for Cause.

Appears in 1 contract

Sources: Split Dollar Agreement (Commercial Capital Bancorp Inc)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the ExecutiveTrustee. However, unless otherwise agreed to by the Company and the ExecutiveTrust, subject to section 2.3, this Agreement will automatically terminate upon the Executive’s 's Termination of Employment prior to Normal Retirement Age other than following a Change of Control or on account of DisabilityAge.

Appears in 1 contract

Sources: Split Dollar Agreement (Southside Bancshares Corp)

Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. However, unless otherwise agreed to by the Company and the Executive, this Agreement will automatically terminate upon the Executive’s 's Early Voluntary Termination (as defined in the Salary Continuation Agreement) prior to the Executive completing 15 Years of Employment prior to Normal Retirement Age other than following a Change of Control or on account of Disabilityupon Termination for Cause (as defined in the Salary Continuation Agreement).

Appears in 1 contract

Sources: Executive Bonus Agreement (East West Bancorp Inc)