Change of Control Benefit. Subject to the limitations of Article 5, upon Termination of Service following a Change of Control, the Company shall pay to the Director the annual benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Appears in 15 contracts
Sources: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)
Change of Control Benefit. Subject to the limitations of Article 5, upon Termination of Service Employment following a Change of Control, the Company shall pay to the Director Executive the annual benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.
Appears in 5 contracts
Sources: Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc)