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Common use of Payments to the Executive Clause in Contracts

Payments to the Executive. In connection with the terminations provided in Section 1 and in Section 2, Bancorp or Bank shall pay the following amounts to the Executive, immediately prior to the Effective Time:

Appears in 3 contracts

Sources: Payments and Waiver Agreement (Bay State Bancorp Inc), Payments and Waiver Agreement (Seacoast Financial Services Corp), Payments and Waiver Agreement (Seacoast Financial Services Corp)

Related Clauses

  • AGREEMENTS OF THE EXECUTIVE
  • By the Executive
  • Compensation of the Executive
  • PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION
  • Successor to the Executive

Parent Clauses

  • Miscellaneous
  • NO THIRD PARTY BENEFICIARIES
  • SECTION 409A
  • Notices
  • Alternative Structure

Sub-Clauses

  • EMPLOYMENT ARRANGEMENT TERMINATION PAYMENT
  • Frequency of Payments
  • Continuation of Payments
  • Payments During or After the Restricted Period
  • Suspension of Payments
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