Common use of Change of Control Benefit Clause in Contracts

Change of Control Benefit. Upon a Change of Control, the Bank shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

Appears in 12 contracts

Sources: Salary Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Heritage Oaks Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp)

Change of Control Benefit. Upon If a Change of ControlControl has occurred and is followed by a Separation of Service, the Bank shall pay to the Executive the benefit described in this Section 2.4 2.3 in lieu of any other benefit under this Agreement.

Appears in 12 contracts

Sources: Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp)

Change of Control Benefit. Upon a Change of ControlControl Termination, the Bank shall pay to the Executive the benefit described in this Section 2.4 2.6 in lieu of any other benefit under this Agreement.

Appears in 3 contracts

Sources: Executive Salary Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\)