Common use of Benefits Upon Termination of Employment Due to Total Disability Clause in Contracts

Benefits Upon Termination of Employment Due to Total Disability. In the event the Participant’s employment with the Bank is terminated due to “total disability” (as 1 Commencing on the effective date of this Agreement. defined in Section 5.4 of the Plan), the Bank shall pay to the Participant a certain percentage of the retirement benefits granted by the Bank in subsection 1(a) of this Agreement. The amount of the annual retirement benefit payable by the Bank to the Participant pursuant to this subsection 1(e) shall be identical to that specified in the vesting schedule set forth in subsection 1(c) above concerning termination without cause.

Benefits Upon Termination of Employment Due to Total Disability. In the event the Participant’s employment with the Bank is terminated due to “total disability” (as 1 Commencing on the effective date of this Agreement. defined in Section 5.4 of the Plan), the Bank shall pay to the Participant a certain percentage of the retirement benefits granted by the Bank in subsection 1(a) of this Agreement. The amount of the annual retirement benefit payable by the Bank to the Participant pursuant to this subsection 1(e) shall be identical to that specified in the vesting schedule set forth in subsection 1(c) above concerning termination without cause.