Common use of FIRST CHANGE Clause in Contracts

FIRST CHANGE. is hereby amended to add the following sentence at the end thereof: Notwithstanding anything herein to the contrary, neither the execution of a merger agreement nor the completion of a merger with First Federal Savings and Loan Association of Hazard, Kentucky, and/or any affiliate thereof formed in connection with said merger, shall constitute a Change in Control for purposes of this Section 1(a) and, further, said merger shall not constitute an event that would entitle the Employee to a severance benefit pursuant to Section 12 of this Agreement. SECOND CHANGE

Appears in 8 contracts

Sources: Employment Agreement (Frankfort First Bancorp Inc), Employment Agreement (Frankfort First Bancorp Inc), Employment Agreement (Frankfort First Bancorp Inc)