Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Bank’s Board of Directors, at its sole and absolute discretion, may increase the benefit; however, any increase in such benefit due hereunder shall require the recalculation of all the amounts on Schedule A attached hereto.
Appears in 2 contracts
Sources: Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Bank’s Company's Board of Directors, at in its sole and absolute discretion, may increase the benefit; , however, any increase in such benefit due hereunder shall require the recalculation of all the amounts on Schedule A attached hereto.A.
Appears in 1 contract
Sources: Salary Continuation Agreement (Ridgestone Financial Services Inc)