Common use of Amount of Benefit Clause in Contracts

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service occurs.

Appears in 15 contracts

Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc), Retirement Agreement (United Security Bancshares Inc)

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Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in Schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Service Employment occurs.

Appears in 13 contracts

Samples: Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Community Banks Inc /Pa/)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending ended immediately prior to the date on which the Termination of Disability occurs. Additionally, the annual benefit amount shall be increased by a pro-rated amount relative to the Executive’s service during the partial Plan Year in which the Separation from Service occurs. This amount will be added to the annual benefit amount at the end of the preceding Plan Year on Schedule A, consistent with the example in Section 2.2.1.

Appears in 7 contracts

Samples: Retirement Plan Agreement (Mid Penn Bancorp Inc), Retirement Plan Agreement (Mid Penn Bancorp Inc), Retirement Plan Agreement (Mid Penn Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in on Schedule A for as of the end of the Plan Year ending immediately prior to the date on which the Termination of Service occurspreceding Disability.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Continuation Agreement by And (Bank of Marin Bancorp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in Schedule A for the Plan Year ending ended immediately prior to the date on in which the Termination of Service Employment occurs.

Appears in 7 contracts

Samples: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Executive Retirement Plan Agreement (Capital Bancorp Inc), Retirement Plan Agreement (Emclaire Financial Corp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service occursSeparation from Service.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination Separation from Service due to Disability occurs. This benefit is determined by vesting the Director in one hundred percent (100%) of Service occursthe Accrual Balance.

Appears in 6 contracts

Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 benefit set forth in on Schedule A for the Plan Year ending that ended immediately prior to the date on which the Termination of Separation from Service due to Disability occurs.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp), Supplemental Executive Retirement Agreement (Home Federal Bancorp), Retirement Agreement (Community Partners Bancorp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service Employment occurs.

Appears in 5 contracts

Samples: Salary Continuation Agreement (American River Bankshares), Continuation Agreement (American River Bankshares), Continuation Agreement (American River Bankshares)

Amount of Benefit. The annual benefit under this Section 2.3 2.4 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service Employment occurs. This benefit is determined by vesting the Executive in one hundred percent (100%) of the Accrual Balance rolled forward to Normal Retirement Age.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement (North Penn Bancorp, Inc.), Supplemental Executive Retirement Agreement (North Penn Bancorp, Inc.), Supplemental Executive Retirement Agreement (New North Penn Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service Employment occurs.

Appears in 5 contracts

Samples: Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 Benefits set forth in Schedule A and Schedule B for the Plan Year ending immediately prior to the date on in which the Termination of Service Employment occurs.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Susquehanna Bancshares Inc), Salary Continuation Agreement (Community Banks Inc /Pa/), Salary Continuation Agreement (Community Banks Inc /Pa/)

Amount of Benefit. The annual benefit under this Section 2.3 is the annual Disability Annual Benefit Payable at 65 benefit amount set forth in Schedule A for the Plan Year ending ended immediately prior to the date on in which the Termination of Service occursoccurs (except if termination occurs during the first Plan Year, the benefit is the amount set forth for Plan Year 1 in Schedule A hereto).

Appears in 4 contracts

Samples: Laurel Savings (Laurel Capital Group Inc), Laurel Savings (Laurel Capital Group Inc), Deferred Compensation Agreement (Laurel Capital Group Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to preceding the date that Separation from Service occurs; provided, however, if the Executive Separates from Service on December 31st of a Plan Year, then the Bank shall distribute the Disability Benefit set forth on Schedule A for the Plan Year in which the Termination of such Separation from Service occurs.

Appears in 4 contracts

Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending ended immediately prior to the date on which the Termination Separation from Service due to Disability occurs. This benefit is determined by vesting the Executive in one hundred percent (100%) of Service occursthe Accrual Balance.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on during which the Termination of Service occurs. This benefit is determined by vesting the Director in one hundred percent (100%) of the Accrual Balance.

Appears in 3 contracts

Samples: Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in Schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Service Employment occurs., determined by vesting the Executive in the Normal Retirement Benefit. Any increase in the annual benefit under Section 2.1.1 would require the recalculation of this benefit on Schedule A.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Wesbanco Inc), Continuation Agreement (Wesbanco Inc), Continuation Agreement (Wesbanco Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Separation from Service occurs.

Appears in 3 contracts

Samples: Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on during which the Termination of Service occurs. This benefit is determined by vesting the Director in one hundred percent (100%) of the Normal Retirement Benefit.

Appears in 2 contracts

Samples: Director Retirement Agreement (Independent Bank Corp), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)

Amount of Benefit. The annual benefit under this Section 2.3 2.2 is the Disability Annual Benefit Payable at 65 annual benefit amount set forth in Schedule A for the Plan Year ending immediately prior to before the date on which termination of the Termination of Service Executive's employment occurs.

Appears in 2 contracts

Samples: Continuation Agreement (American River Bankshares), Continuation Agreement (American River Bankshares)

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Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior in which Separation from Service due to the date on which the Termination of Service Disability occurs.

Appears in 2 contracts

Samples: Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in Schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Service occurs.

Appears in 1 contract

Samples: Director Retirement Agreement (Orrstown Financial Services Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in Schedule A for the Plan Year ending ended immediately prior to the date on in which the Termination of Service occurs.

Appears in 1 contract

Samples: 2001 Directors Retirement Agreement (Juniata Valley Financial Corp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on during which the Termination of Service Employment occurs.. This benefit, as provided in Schedule A, is determined by vesting the Executive in 100% of the then existing Accrual Balance for the Plan Year during which the Termination of Employment occurs in accordance with Schedule A.

Appears in 1 contract

Samples: Continuation Agreement (Central Federal Corp)

Amount of Benefit. The annual benefit under this Section 2.3 is the ----------------- Disability Annual Benefit Payable at 65 benefit set forth in on Schedule A for the Plan Year ending that ended immediately prior to the date on which the Termination of Separation from Service due to Disability occurs.

Appears in 1 contract

Samples: Retirement Agreement (Community Partners Bancorp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service occurssuch Disability.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service Employment occurs.

Appears in 1 contract

Samples: Continuation Agreement (American River Bankshares)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service occurs. This benefit is determined by vesting the Director in one hundred percent (100%) of the Accrual Balance.

Appears in 1 contract

Samples: Retirement Plan Agreement (Malvern Federal Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in Schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Service Employment occurs.

Appears in 1 contract

Samples: Salary Continuation Agreement (Community Banks Inc /Pa/)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 amount set forth in Schedule schedule A for the Plan Year ending immediately prior to the date on in which the Termination of Service Employment occurs.

Appears in 1 contract

Samples: Continuation Agreement (Mid Penn Bancorp Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 benefit set forth in on Schedule A for determined as of the end of the Plan Year ending immediately prior to preceding such Disability. This benefit is based on one hundred percent (100%) of the date on which the Termination of Service occursAccount Value.

Appears in 1 contract

Samples: Continuation Agreement (Bank of the James Financial Group Inc)

Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Annual Benefit Payable at 65 set forth in on Schedule A for the Plan Year ending immediately prior to the date on which the Termination of Service occursSeparation from Service.

Appears in 1 contract

Samples: Salary Continuation Agreement (County Bancorp, Inc.)

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