2Payment of Benefit. The Company shall pay the aggregate benefit to the Executive in equal monthly installments with each installment equal to 1/12th of the annual benefit defined in Section 2.1.1 above, on the first day of each month commencing with the month following Executive's Termination of Employment on or after the Normal Retirement Date and continuing until the later of the Executive's death or the expiration of 179 additional months. 2.2
2Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) equal monthly installments commencing with the month following Normal Retirement Age. The annual benefit shall be paid to the Director for ten (10) years.
2Payment of Benefit. The Company shall pay the aggregate benefit to the Executive in a lump sum within 30 days after the Change of Control. Article 3
2Payment of Benefit. The Company shall pay the aggregate benefit to the beneficiary in the amounts described under Section 2.1 in equal monthly installments with each installment equal to 180th of the aggregate benefit defined in Section 3.1.1 above, on the first day of each month commencing with the month following the Executive's death and continuing for 179 additional months. 3.2
2Payment of Benefit. The Company shall pay the aggregate benefit to the Director in a lump sum within 30 days after the Change of Control.
2Payment of Benefit. The Company shall pay the aggregate benefit to the beneficiary in 120 equal consecutive monthly installments on the first day of each month commencing with the month following the Director's death and continuing for 119 additional months. 3.2
2Payment of Benefit. The Bank shall pay the benefit to the beneficiary in the form elected by the Manager on the Election Form. If the Manager elected to receive his benefit in the form of installments, the Bank shall continue to credit interest on the remaining Deferral Account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Manager’s death.
2Payment of Benefit. The Company shall pay the benefit to the Beneficiary in a lump sum within thirty (30) days following the Director's death.
2Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum within thirty (30) days following the Early Termination Date.
2Payment of Benefit. The Company shall pay the annual benefit to the Executive in twelve (12) equal monthly installments commencing with the month following Normal Retirement Age. The annual benefit shall be paid to the Executive for fifteen (15) years.
