Acceleration of Payments. The Bank may, in its sole and absolute discretion, pay the present value of the remaining annual installments to the Director or the Director's Beneficiary in a lump sum, at any time, using an eight percent (8.0%) discount rate.
Appears in 9 contracts
Samples: Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp)
Acceleration of Payments. The Bank may, in its sole and absolute discretion, pay the present value of the remaining annual installments to the Director Employee or the DirectorEmployee's Beneficiary in a lump sum, at any time, using an eight percent (8.0%) discount rate.
Appears in 2 contracts
Samples: Continuation Agreement (Community Valley Bancorp), Continuation Agreement (Community Valley Bancorp)
Acceleration of Payments. The Bank may, in its sole and absolute discretion, pay the present value of the remaining annual installments to the Director or the Director's Beneficiary in a lump sum, sum at any time, using an eight percent (8.0%) discount rate.
Appears in 1 contract
