Annual Contributions. The Bank shall establish an Account Balance for the Executive on its books. The Bank shall credit the Annual Contribution to the Account Balance annually. The Annual Contribution shall not be made by the Bank for any Plan Year commencing after the Executive’s Normal Retirement Date. Except in the case of Executive’s Separation from Service due to Disability, no Annual Contribution shall be made by the Bank for the Plan Year following the Plan Year in which the Executive’s incurs a Separation from Service. Contributions to the Account Balance by the Executive are prohibited.
Appears in 3 contracts
Sources: Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga), Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga), Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga)