Common use of Annual Benefit Clause in Contracts

Annual Benefit. The term "Annual Benefit" shall mean an annual sum of Thirty-Six Thousand Dollars ($36,000.00) multiplied by the Applicable Percentage (defined below) and then reduced to the extent: (i) required under the other provisions of this Agreement, including, but not limited to, Paragraphs 5, 6 and 7 hereof;

Appears in 3 contracts

Samples: Executive Salary Continuation Agreement (Mid Peninsula Bancorp), Continuation Agreement (Mid Peninsula Bancorp), Executive Salary Continuation Agreement (Mid Peninsula Bancorp)

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Annual Benefit. The term "Annual Benefit" shall mean an annual sum of ThirtyForty-Six Five Thousand Dollars ($36,000.0045,000.00) multiplied by the Applicable Percentage (defined below) and then reduced to the extent: (i) required under the other provisions of this Agreement, including, but not limited to, Paragraphs 5, 6 7 and 7 8 hereof;

Appears in 1 contract

Samples: Continuation Agreement (Mid Peninsula Bancorp)

Annual Benefit. The term "Annual BenefitBENEFIT" shall mean an annual sum of Thirty-Six Thousand Dollars ($36,000.00) multiplied by the Applicable Percentage (defined below) and then reduced to the extent: (i) required under the other provisions of this Agreement, including, but not limited to, Paragraphs 5, 6 and 7 hereof;

Appears in 1 contract

Samples: Continuation Agreement (Mid Peninsula Bancorp)

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Annual Benefit. The term "Annual Benefit" shall mean an annual sum of ThirtyEighty-Six Five Thousand Dollars ($36,000.0085,000.00) multiplied by the Applicable Percentage (defined below) and then reduced to the extent: (i) required under the other provisions Provisions of this Agreement, including, but not limited to, Paragraphs 5, 6 7 and 7 8 hereof;

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Mid Peninsula Bancorp)

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