Amendment Termination Contract Clauses (194)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Amendment Termination clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Amendment Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and the Executive. The Bank may unilaterally amend the Agreement to conform with written directives to the Bank to comply with legislative changes or tax law, including, without limitation, Code Section 409A and any and all Treasury regulations and guidance promulgated thereunder. No amendment shall provide for or otherwise permit any acceleration of the time or schedule of any payment under the Agreement... in a manner that would be prohibited under Code Section 409A. No waiver of any provision contained in this Agreement shall be effective unless it is in writing and signed by the party against whom such waiver is asserted. Notwithstanding the preceding provisions of this Section 3, the Bank may elect to terminate the Agreement under any circumstances permitted by Treasury Regulations Section 1.409A-3(j)(4)(ix). In any such event, the Bank shall distribute to the Executive the Accrual Balance in a single lump sum at the earliest date permitted under such Treasury Regulations. The amount of the benefit (but not the timing of payment) shall be determined as if the effective date of the termination of the Agreement constituted an involuntary discharge by the Bank other than for Cause on or within twelve (12) months following a Change in Control. View More Arrow
Found in Prime Meridian Holding Co contract
Amendment Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Company and the Executive. The Bank Company may unilaterally amend the Agreement to conform with written directives to the Bank Company to comply with legislative changes or tax law, including, without limitation, Code Section 409A and any and all Treasury regulations and guidance promulgated thereunder. No amendment shall provide for or otherwise permit any acceleration of the time or schedule of any... payment under the Agreement in a manner that would be prohibited under Code Section 409A. No waiver of any provision contained in this Agreement shall be effective unless it is in writing and signed by the party against whom such waiver is asserted. Notwithstanding the preceding provisions of this Section 3, the Bank Company may elect to terminate the this Agreement under any circumstances permitted by Treasury Regulations Section 1.409A-3(j)(4)(ix). In any such event, the Bank Company shall distribute to the Executive the Accrual Balance a benefit in a single lump sum at the earliest date permitted under such Treasury Regulations. guidance. The amount of the benefit (but not the timing of payment) shall be determined as if the effective date of the termination of the this Agreement constituted an involuntary discharge by the Bank Company other than for Cause on or within twelve (12) months following a Change in Control. View More Arrow
Found in FVCBankcorp, Inc. contract
Amendment Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank Employer and the Executive. The Bank Employer may unilaterally amend the Agreement to conform with written directives to the Bank Employer to comply with legislative changes or tax law, including, without limitation, Code Section 409A and any and all Treasury regulations and guidance promulgated thereunder. No amendment shall provide for or otherwise permit any acceleration of the time or schedule of any... payment under the Agreement in a manner that would be prohibited under Code Section 409A. No waiver of any provision contained in this Agreement shall be effective unless it is in writing and signed by the party against whom such waiver is asserted. Notwithstanding the preceding provisions of this Section 3, the Bank Employer may elect to terminate the Agreement under any circumstances permitted by Treasury Regulations Section 1.409A-3(j)(4)(ix). In any such event, the Bank Employer shall distribute to the Executive the Accrual Balance in a single lump sum at the earliest date permitted under such Treasury Regulations. The amount of the benefit (but not the timing of payment) shall be determined as if the effective date of the termination of the Agreement constituted an involuntary discharge by the Bank Employer other than for Cause on or within twelve (12) months following a Change in Control. View More Arrow
Found in Prime Meridian Holding Co contract
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Amendment Termination. No amendment or modification of this Agreement shall be valid or binding unless made in writing and duly executed by the party against whom enforcement of any such amendment or modification is sought and making specific references to this Agreement.
Found in Aevi Genomic Medicine, Inc. contract
Amendment Termination. No amendment or modification of this Agreement shall be valid or binding unless made in writing and duly executed by the party against whom enforcement of any such amendment or modification is sought and making specific references to this Agreement. This Agreement shall expire upon termination of the Merger Agreement.
Found in CAS MEDICAL SYSTEMS INC contract
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