Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield

State:
Multi-State
County:
Nassau
Control #:
US-EG-9378
Format:
Word; 
Rich Text
Instant download

Description

Executive Change in Control Agreement between the First National Bank of Litchfield, First Litchfield Financial Corporation and Jerome J. Whalen as President of First National Bank of Litchfield and First Litchfield Financial Corporation (Not to be The Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield is a legal document that outlines the terms and conditions for executive compensation and benefits in the event of a change in control of the bank. This agreement is designed to protect the interests of the bank's executives while ensuring a smooth transition of power. Keywords: Nassau New York, Executive Change in Control Agreement, The First National Bank of Litchfield, executive compensation, benefits, change in control, legal document, power transition, interests, smooth transition. Different types of Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield may include: 1. Executive Change in Control Agreement for CEO: This specific agreement caters to the Chief Executive Officer of The First National Bank of Litchfield. It outlines the compensation, benefits, and terms applicable to the CEO in the event of a change in control. 2. Executive Change in Control Agreement for CFO: This type of agreement focuses on the Chief Financial Officer of the bank. It delineates the compensation and benefits that the CFO is entitled to in case of a change in control scenario. 3. Executive Change in Control Agreement for Senior Executives: This agreement encompasses all senior executives of The First National Bank of Litchfield, excluding the CEO and CFO. It establishes the terms and conditions applicable to these key executives during a change in control situation. 4. Executive Change in Control Agreement for General Counsel: For the bank's General Counsel, this agreement specifies the compensation, benefits, and other provisions relevant to their role during a change in control of The First National Bank of Litchfield. 5. Executive Change in Control Agreement for Board Members: This type of agreement pertains to the members of the bank's board of directors. It outlines the consequences of a change in control on their remuneration, benefits, and roles within the organization. It's important to note that the actual names and types of agreements may vary depending on the bank's specific organizational structure and executive roles.

The Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield is a legal document that outlines the terms and conditions for executive compensation and benefits in the event of a change in control of the bank. This agreement is designed to protect the interests of the bank's executives while ensuring a smooth transition of power. Keywords: Nassau New York, Executive Change in Control Agreement, The First National Bank of Litchfield, executive compensation, benefits, change in control, legal document, power transition, interests, smooth transition. Different types of Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield may include: 1. Executive Change in Control Agreement for CEO: This specific agreement caters to the Chief Executive Officer of The First National Bank of Litchfield. It outlines the compensation, benefits, and terms applicable to the CEO in the event of a change in control. 2. Executive Change in Control Agreement for CFO: This type of agreement focuses on the Chief Financial Officer of the bank. It delineates the compensation and benefits that the CFO is entitled to in case of a change in control scenario. 3. Executive Change in Control Agreement for Senior Executives: This agreement encompasses all senior executives of The First National Bank of Litchfield, excluding the CEO and CFO. It establishes the terms and conditions applicable to these key executives during a change in control situation. 4. Executive Change in Control Agreement for General Counsel: For the bank's General Counsel, this agreement specifies the compensation, benefits, and other provisions relevant to their role during a change in control of The First National Bank of Litchfield. 5. Executive Change in Control Agreement for Board Members: This type of agreement pertains to the members of the bank's board of directors. It outlines the consequences of a change in control on their remuneration, benefits, and roles within the organization. It's important to note that the actual names and types of agreements may vary depending on the bank's specific organizational structure and executive roles.

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Nassau New York Executive Change in Control Agreement for The First National Bank of Litchfield