Benefit Increases. Commencing on the first anniversary of the first benefit payment and continuing on each subsequent anniversary of that date, this annual benefit shall increase by three percent (3%) from the immediately preceding anniversary date.
Appears in 4 contracts
Samples: Capital Bancorp Inc, Capital Bancorp Inc, Capital Bancorp Inc
Benefit Increases. Commencing on the first anniversary of the first benefit payment and continuing on each subsequent anniversary of that date, this annual benefit shall increase by three percent (3%) from the immediately preceding anniversary date. Sections 2.2.3 and 2.3.3 of the Agreement shall be deleted in their entirety.
Appears in 2 contracts
Samples: Retirement Plan Agreement (Capital Bancorp Inc), Capital Bancorp Inc
Benefit Increases. Commencing on the first anniversary of the first benefit payment payment, and continuing on each subsequent anniversary of that dateanniversary, this annual the benefit shall increase be increased by three percent (3%) from the immediately preceding anniversary date% each year.
Appears in 1 contract
Samples: Continuation Agreement (Centennial First Financial Services)
Benefit Increases. Commencing on the first anniversary of the first benefit payment payment, and continuing on each subsequent anniversary of that dateanniversary, this annual the Company will increase the benefit shall increase by three percent (3%) from the immediately preceding anniversary date).
Appears in 1 contract
