Common use of Annual Benefit Statement Clause in Contracts

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 19 contracts

Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (First Reliance Bancshares Inc)

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Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive Director an annual benefit statement showing benefits payable or potentially payable to the Executive Director under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive Director under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 16 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall will provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede supersedes the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall controlcontrols.

Appears in 8 contracts

Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)

Annual Benefit Statement. Within 120 days after the end of each Plan Year calendar year, the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.22.2A, 2.2B, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 7 contracts

Samples: Continuation Agreement (Paragon Commercial CORP), Continuation Agreement (Paragon Commercial CORP), Continuation Agreement (Paragon Commercial CORP)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 6 contracts

Samples: Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.. 2.7

Appears in 5 contracts

Samples: Tidelands Bank Salary Continuation Agreement (Tidelands Bancshares Inc), Tidelands Bank Salary Continuation Agreement (Tidelands Bancshares Inc), Tidelands Bank Salary Continuation Agreement (Tidelands Bancshares Inc)

Annual Benefit Statement. Within 120 days after the end of each Plan Year Year, the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 5 contracts

Samples: Supplemental Salary Continuation Agreement (Investar Holding Corp), Supplemental Salary Continuation Agreement (Investar Holding Corp), Salary Continuation Agreement (Investar Holding Corp)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive Director an annual benefit statement showing benefits payable or potentially payable to the Executive Director under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereofDirector, the amount of the benefit determined under this Agreement shall control.

Appears in 4 contracts

Samples: Retirement Agreement (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp), Retirement Agreement (Middlefield Banc Corp)

Annual Benefit Statement. Within 120 60 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive and the Bank an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Carolina Bank Holdings Inc), Salary Continuation Agreement (Carolina Bank Holdings Inc), Salary Continuation Agreement (Carolina Bank Holdings Inc)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall will provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede supersedes the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.controls. 2.6

Appears in 3 contracts

Samples: Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp)

Annual Benefit Statement. Within 120 one hundred twenty (120) days after the end of each Plan Year Year, the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 3 contracts

Samples: 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.)

Annual Benefit Statement. Within 120 days after the end of each Plan Year Year, the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, 2.3 or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 2 contracts

Samples: Continuation Agreement (Intermountain Community Bancorp), Continuation Agreement (Intermountain Community Bancorp)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.22.2A, 2.2B, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

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Annual Benefit Statement. Within 120 days after the end of each Plan Year Year, the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections Sections 2.1, 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 2 contracts

Samples: Continuation Agreement (CBTX, Inc.), Executive Employment Agreement (CBTX, Inc.)

Annual Benefit Statement. Within 120 days after the end of each Plan Year Year, the Plan Administrator shall provide or cause to be provided to the Executive Director an annual benefit statement showing benefits payable or potentially payable to the Executive Director under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive Director under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

Annual Benefit Statement. Within 120 60 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive and the Bank an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 section 2.2 hereof, then the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: Southcoast Community Bank Salary Continuation Agreement (Southcoast Financial Corp)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.

Appears in 1 contract

Samples: Continuation Agreement (First South Bancorp Inc)

Annual Benefit Statement. Within 120 days after the end of ------------------------ each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2Executive, 2.3, or 2.4 hereof, then the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Cooperative Bankshares Inc)

Annual Benefit Statement. Within 120 60 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive and the Bank an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections section 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: Continuation Agreement (Southcoast Financial Corp)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive Director an annual benefit statement showing benefits payable or potentially payable to the Executive Director under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive Director under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: First South Bank Director Retirement Agreement (First South Bancorp Inc)

Annual Benefit Statement. Within 120 60 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive and the Bank an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, the amount of the benefit determined under this Agreement shall control.annual

Appears in 1 contract

Samples: Salary Continuation Agreement (Carolina Bank Holdings Inc)

Annual Benefit Statement. Within 120 days after the end of each Plan Year the Plan Administrator shall provide or cause to be provided to the Executive an annual benefit statement showing benefits payable or potentially payable to the Executive under this Agreement. Each annual benefit statement shall supersede the previous year’s 's annual benefit statement. If there is a contradiction between this Agreement and the annual benefit statement concerning the amount of a particular benefit payable or potentially payable to the Executive under sections 2.2, 2.3, or 2.4 hereof, then the amount of the benefit determined under this the Agreement shall control.

Appears in 1 contract

Samples: Community First Bank Salary Continuation Agreement (Community First Bancorp)

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