Send us Feedback

Provident Bankshares (PBKS)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
OPERATING METRICS
REVENUE SOURCES
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBKS » Topics » Change in Control Benefits

This excerpt taken from the PBKS DEF 14A filed Apr 9, 2007.

Change in Control Benefits

The ability to minimize the disruption associated with a change in control of the Company is an important consideration in retaining key officers. Accordingly, it is in the best interest of Provident and its shareholders to provide reasonable financial arrangements in the event of a change in control. In addition, the use of such arrangements by competitors necessarily influences Provident’s use of such arrangements to maintain the Bank’s ability to attract and retain key officers. At present, 35 senior officers are covered by change in control agreements providing specified severance benefits and benefit continuation in the event of their termination of employment within a specified period following a change in control.

 

17

"Change in Control Benefits" elsewhere:

Sandy Spring Bancorp (SASR)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki