Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age followed by Separation from Service within twenty-four (24) months following the Change in Control, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

Change in Control Benefit. If within six (6) months prior or twelve (12) months following a change in Control of the Company or FFN, the Company shall terminate the Executive’s employment other than for Cause, or if the Executive shall terminate his employment for Good Reason, then in any such events, the Company shall pay to the Executive a benefit under this Article.

Notwithstanding anything contained in this Plan to the contrary, if a Director terminates service with the Board within ninety (90) days after a Change in Control, benefits shall be payable as otherwise provided under this Plan, though without regard to whether the Director has completed five (5) years of service. For purposes of this Plan, a Change in Control (other than one occurring by reason of an acquisition of Bank by the Director) shall be deemed to have occurred if the Board certifies on an objective basis that one of the following has occurred:

Change in Control Benefit. If a Change in Control occurs, followed within twenty-four (24) months by Separation of Service prior to Normal Retirement Age, the Employer shall pay the Executive the Change in Control benefit shown on [Schedule A] corresponding to the Plan Year in which Separation from Service occurs. The annual benefit will be paid in equal monthly installments commencing the month following Separation of Service for fifteen (15) years.

Change in Control. Upon a Change in Control, the Award shall become 100% vested and all Forfeiture Restrictions shall lapse.

Upon the occurrence of a change in control of the Company, all grants of Restricted Stock under the Plan shall vest in full and become unrestricted and nonforfeitable. In addition, all vesting restrictions on the credits made to the Stock Unit Account in lieu of the grant of Restricted Stock described in Section 4(a) or 4(d) shall lapse but the payout provisions of such credits shall not affected by such change in control. For purposes of this Section 11, a “change in control” shall have the meaning given to such term under [Section 16.4] of the PACCAR Inc Long Term Incentive Plan, as approved by the shareholders of the Company on April 20, 2011. In addition, the Board or the Committee may in its sole discretion terminate the deferral feature of the Plan within the 30 days preceding or the 12 months following a “change in control event” (as such term is defined in the Treasury regulations promulgated pursuant to [section 409A] of the Code) and pay out deferred amounts, in accordance with [Section 1.409A-3(j)(ix)(B)])] of the Treasury regulations promulgated pursuant to [section 409A] of the Code .

Change in Control Benefit. A Participant, in connection with his or her commencement of participation in the Plan, shall have an opportunity to irrevocably elect to receive his or her vested Account Balance in the form of a lump sum payment in the event that a Change in Control occurs prior to the Participant’s Separation from Service, Disability or death (the “Change in Control Benefit”). The Benefit Distribution Date for the Change in Control Benefit, if any, shall be the date on which the Change in Control occurs.

Benefit Following Change in Control. If a Participant’s employment with the Company and its Affiliates terminates at any age within two years following a Change in Control, then, notwithstanding anything to the contrary in this [Section 6], the Participant shall be entitled to # for amounts deferred through December 31, 2015, a lump sum benefit equal to the greater of # the Present Value Benefit; or # the 2015 Termination Balance, and # for amounts deferred on or after January 1, 2016, a lump sum benefit equal to the Termination Balance.

Change in Control Severance Benefit. You will be entitled to participate in our Change in Control Severance Benefit Plan (“CIC Severance Plan”). In the event of a qualifying termination of employment, up to one month prior to or within 18 months following certain change in control events set forth in the CIC Severance Plan, you would be entitled to certain severance payments and benefits as outlined in the CIC Severance Plan. The amount of payments and the type of benefits provided under the CIC Severance Plan include cash severance payments based on base salary and bonus, accelerated vesting of equity awards, and payment for group healthcare benefits you were receiving at the time of your termination (subject to the terms of the Company’s benefit plans). These benefits would supersede the severance benefits described in paragraph 4, above. This description is qualified in its entirety by the terms of the CIC Severance Plan.

Payment of Change in Control Benefit. The Change in Control Benefit, if any, shall be calculated as of the close of business on or around the Participant’s Benefit Distribution Date, as determined by the Committee, and paid to the Participant no later than 60 days after the Participant’s Benefit Distribution Date.