Exception for a Change in Control. Notwithstanding the general rule contained in Section 3(a)(1) above, all Compensatory Shares held by the Employee shall be deemed to be immediately 100% earned, fully vested and non-forfeitable in the event of a "change in control" of the Company, the Bank or the Corporation (collectively and/or separately,
Appears in 2 contracts
Sources: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)