Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors, in its sole discretion, may increase the benefit.
Appears in 69 contracts
Sources: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Tib Financial Corp.)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's ’s Board of Directors, in at its sole discretion, may increase the benefit.
Appears in 29 contracts
Sources: Director Retirement Agreement, Director Retirement Agreement, Salary Continuation Agreement (Madison County Financial, Inc.)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's ’s Board of Directors, in its sole discretion, may increase the benefit.
Appears in 17 contracts
Sources: Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the CompanyBank's Board of Directors, in its sole discretion, may increase the benefit.
Appears in 14 contracts
Sources: Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Director Retirement Agreement (Republic Security Financial Corp), Director Retirement Agreement (Juniata Valley Financial Corp)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors, in at its sole discretion, may increase the benefit.
Appears in 8 contracts
Sources: Director Retirement Agreement (Cooperative Bankshares Inc), Salary Continuation Agreement (Cornerstone Bancorp Inc), Salary Continuation Agreement (Monterey Bay Bancorp Inc)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors, in its sole discretion, may increase the benefit.
Appears in 5 contracts
Sources: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors, in its sole discretion, may Directors shall increase the benefitthis Change of Control annual benefit by 3 percent (3%).
Appears in 5 contracts
Sources: Salary Continuation Agreement (Vib Corp), Salary Continuation Agreement (Vib Corp), Salary Continuation Agreement (Vib Corp)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Bank’s Board of Directors, in its sole discretion, may increase the benefitNormal Retirement Benefit.
Appears in 3 contracts
Sources: Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board ’s board of Directorsdirectors, in its sole discretion, may increase the benefit.
Appears in 2 contracts
Sources: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Bank’s Board of Directors, in its sole discretion, may increase the benefit.
Appears in 2 contracts
Sources: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Salary Continuation Agreement (Juniata Valley Financial Corp)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's ’s Board of Directors, in its sole discretion, may increase the benefitannual benefit payable on that and each subsequent payment date.
Appears in 1 contract
Sources: Supplemental Executive Retirement Agreement (First Internet Bancorp)
Benefit Increases. Commencing on the first anniversary of the first benefit Normal Retirement Benefit payment, and continuing on each subsequent anniversary, Board of Directors of the Company's Board of Directors, in its sole discretion, may increase the benefitbenefit by 3%.
Appears in 1 contract
Sources: Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the CompanyBank's Board of Directors, in its sole discretion, may increase the benefitNormal Retirement Benefit.
Appears in 1 contract