Common use of Disability Benefit Clause in Contracts

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 12 contracts

Samples: Appreciation Rights Agreement (Kinderhook Bank Corp), Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

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Disability Benefit. If the Director experiences a separates from service due to Disability prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 4.4 in lieu of any other benefit under this Agreement.

Appears in 7 contracts

Samples: Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 6 contracts

Samples: Director Retirement Agreement (Berkshire Hills Bancorp Inc), Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Berkshire Hills Bancorp Inc)

Disability Benefit. If Upon the Director experiences experiencing a Disability prior to Normal Retirement Age, the Bank Company shall distribute pay to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 4 contracts

Samples: Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank Company shall distribute to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this AgreementArticle.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp)

Disability Benefit. If the Director experiences a Disability results in Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

Disability Benefit. If the Director experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 2 contracts

Samples: Director Retirement Agreement (Central Valley Community Bancorp), Director Retirement Agreement (Mercer Bancorp, Inc.)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Benefit Age, the Bank Company shall distribute to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)

Disability Benefit. If the Director experiences a Disability prior to the Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Director Retirement Agreement (Alamogordo Financial Corp)

Disability Benefit. If the Director experiences a Director’s Disability results in the Director’s Separation from Service prior to Normal Retirement Age, the Bank shall distribute pay to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Director Retirement Agreement (Beach First National Bancshares Inc)

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Disability Benefit. If the Director experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Pacific Premier Bank Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)

Disability Benefit. If the Director experiences a Director's Disability results in the Director's Separation from Service prior to Normal Retirement Age, the Bank shall distribute pay to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Ohio Valley Banc Corp

Disability Benefit. If the Director experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2 .3 in lieu of any other benefit under this Agreement.Article. MXXXXX SAVINGS BANK

Appears in 1 contract

Samples: Director Retirement Agreement (Mercer Bancorp, Inc.)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement Age, the Bank Company shall distribute pay to the Director the benefit described under in this Section 4.3 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Tib Financial Corp.)

Disability Benefit. If the Director experiences a Disability prior to Normal Retirement AgeAge and has at least five (5) Years of Service, the Bank shall distribute to the Director the benefit described under in this Section 4.3 2.3 in lieu of any other benefit under this AgreementArticle.

Appears in 1 contract

Samples: Financial Director Fee Continuation Agreement (MFB Corp)

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