Vesting Upon. “Change of Control”: In the event of a “Change of Control,” as defined in Section 5(b) of the Existing Agreement, the Retirement Benefit shall fully vest, effective as of the date of the Change of Control, provided that, as of the ▇▇▇▇ of the Change of Control: (a) Executive shall be in compliance with Executive’s obligations under the Existing Agreement and under this Agreement; and (b) Executive shall be employed as Executive Vice President and Chief Financial Officer of the Corporation and of the Bank.”
Appears in 1 contract
Sources: Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)
Vesting Upon. “Change of Control”: In the event of a “Change of Control,” as defined in Section 5(b) of the Existing Agreement, the Retirement Benefit shall fully vest, effective as of the date of the Change of Control, provided that, as of the ▇▇▇▇ date of the Change of Control: (a) Executive shall be in compliance with Executive’s obligations under the Existing Agreement and under this Agreement; and (b) Executive shall be employed as Executive Vice President and Chief Financial Officer of the Corporation and Branch/Loan’ Administration of the Bank.”
Appears in 1 contract
Sources: Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)
Vesting Upon. “Change of Control”: In the event of a “Change of Control,” as defined in Section 5(b) of the Existing Agreement, the Retirement Benefit shall fully vest, effective as of the date of the Change of Control, provided that, that as of the ▇▇▇▇ date of the Change of Control: Control Executive (a) Executive shall be in compliance with Executive’s his obligations under any employment agreement with the Existing Agreement Bank to which he may be a party and under this Agreement; , and (b) Executive shall be employed as Executive Vice President and Chief Financial Officer of the Corporation and a senior executive officer of the Bank.”
Appears in 1 contract
Sources: Supplemental Executive Retirement Agreement (MUNCY COLUMBIA FINANCIAL Corp)
Vesting Upon. “Change of Control”: In the event of a “Change of Control,” as defined in Section 5(b) of the Existing Agreement, the Retirement Benefit shall fully vest, effective as of the date of the Change of Control, provided that, as of the ▇▇▇▇ date of the Change of Control: (a) Executive shall be in compliance with Executive’s obligations under the Existing Agreement and under this Agreement; and (b) Executive shall be employed as Executive Vice President and Chief Financial Lending Officer of the Corporation and of the Bank.”
Appears in 1 contract
Sources: Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)