Director Benefits Payments. The Director shall be entitled to payment of the Applicable Percentage of (i) the balance in the Benefit Account in installments upon the terms as specified in the Agreement, and (ii) the Index Benefit for each Plan Year payable in installments until the Director’s death. SCHEDULE C
Appears in 4 contracts
Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)
Director Benefits Payments. The Director shall be entitled to payment of the Applicable Percentage of (i) the balance in the Benefit Account in installments upon the terms tents as specified in the Agreement, and (ii) the Index Benefit for each Plan Year payable in installments until the Director’s death or as applicable, the Surrogate’s death, as specified in the Agreement. SCHEDULE C
Appears in 1 contract
Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)
