Common use of Change in Control Notice Clause in Contracts

Change in Control Notice. The Bank agrees to give Executive at least 60 days advance written notice ("Change in Control Notice") of any proposed or anticipated Change in Control or, if it is not practicable for the Bank to give Executive at least 60 days advance notice, then the Bank shall give Executive a Change in Control Notice as soon as practicable in the circumstances. For purposes of the calculations in Section 4, the Bank will be deemed to have given Executive a Change in Control Notice on the date (the "Change of Control Notice Date") that is the earliest of: (i) the date it actually gives Executive a Change in Control Notice, (ii) a transaction that could result in a Change in Control is approved by the Bank Board, the Holding Company Board, or the Company's Shareholders, if Executive has actual knowledge of such approval or is given notice (stating that such transaction will be considered at such meeting) of the meeting; (iii) a transaction that could result in a Change in Control is considered at a meeting of the Bank Board, the Holding Company Board, or the Holding Company's Shareholders if Executive attends or is given notice (stating that such transaction will be considered at such meeting) of the meeting; or (iv) an application for approval of a Change in Control is submitted to any government regulatory agency (the approval of which is required to effectuate a Change in Control) if Executive has actual notice that such an application is submitted.

Change in Control Notice. The Bank agrees to give Executive at least 60 days advance written notice ("Change in Control Notice") of any proposed or anticipated Change in Control or, if it is not practicable for the Bank to give Executive at least 60 days advance notice, then the Bank shall give Executive a Change in Control Notice as soon as practicable in the circumstances. For purposes of the calculations in Section 45, the Bank will be deemed to have given Executive a Change in Control Notice on the date (the "Change of Control Notice Date") that is the earliest of: (i) the date it actually gives Executive a Change in Control Notice, (ii) a transaction that could result in a Change in Control is approved by the Bank Board, the Holding Company Board, or the Company's Shareholders, if Executive has actual knowledge of such approval or is given notice (stating that such transaction will be considered at such meeting) of the meeting; (iii) a transaction that could result in a Change in Control is considered at a meeting of the Bank Board, the Holding Company Board, or the Holding Company's Shareholders if Executive attends or is given notice (stating that such transaction will be considered at such meeting) of the meeting; or (iv) an application for approval of a Change in Control is submitted to any government regulatory agency (the approval of which is required to effectuate a Change in Control) if Executive has actual notice that such an application is submitted.