Common use of Second Change Clause in Contracts

Second Change. Effective January 1, 2006, the first sentence in Section 7(a) of the Agreement shall be amended to refer to a Change in Control of the Company instead of a Change in Control of the Bank.

Appears in 2 contracts

Sources: Supplemental Director Retirement Agreement (Newport Bancorp Inc), Supplemental Executive Retirement Agreement (Newport Bancorp Inc)