Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 22 contracts
Samples: Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.), Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.), Continuation Agreement by And (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 22 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Employee Retirement Plan (Cascade Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 16 contracts
Samples: Retirement Plan Agreement (Mid Penn Bancorp Inc), Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp), Retirement Plan Agreement (Mid Penn Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 9 contracts
Samples: Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 9 contracts
Samples: Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.), Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 9 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp), Supplemental Employee Retirement Plan (Cascade Bancorp), Supplemental Employee Retirement Plan (Cascade Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve one hundred eighty (12180) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 8 contracts
Samples: Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.), Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.), Supplemental Executive Retirement Agreement (SBT Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 8 contracts
Samples: Retirement Plan Agreement (Athens Bancshares Corp), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on or around the first fifteenth day of the month following Normal Retirement AgeTermination of Employment. The annual benefit shall be distributed to the Executive for fifteen ten (1510) years.
Appears in 8 contracts
Samples: Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Disability. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 7 contracts
Samples: Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Retirement Plan Agreement (Mid Penn Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 7 contracts
Samples: Two River Community Bank Supplemental Executive Retirement Agreement (Two River Bancorp), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following a Separation from Service on or after Normal Retirement Age, subject to Section 2.5 hereof. The annual benefit shall be distributed to the Executive for fifteen ten (1510) years.
Appears in 7 contracts
Samples: Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.), Continuation Agreement (Home Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within sixty (60) days following the first day of the month following Normal Retirement AgeExecutive’s Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 7 contracts
Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 7 contracts
Samples: Retirement Plan Agreement (Mid Penn Bancorp Inc), Retirement Plan Agreement (Mid Penn Bancorp Inc), Retirement Plan Agreement (Mid Penn Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within sixty (60) days following the first day of the month following Executive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 7 contracts
Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp), Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve one hundred twenty (12120) equal consecutive monthly installments commencing on the first day of the first month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 6 contracts
Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen ten (1510) years.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Home Bancorp, Inc.), Continuation Agreement (Home Bancorp, Inc.), Continuation Agreement by And (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within thirty (30) days following the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 5 contracts
Samples: Retirement Agreement (Fentura Financial Inc), Supplemental Executive Retirement Agreement (Fentura Financial Inc), Supplemental Executive Retirement Agreement (Fentura Financial Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Separation from Service. The annual benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years.; or (ii) the Executive’s lifetime. Avenue Bank Supplemental Executive Retirement Plan Agreement
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Executive’s sixty-fifth (65th) birthday. The annual benefit shall be distributed to the Executive for fifteen (15) years.. TWO RIVER COMMUNITY BANK Supplemental Executive Retirement Agreements Sections 2.3 and 2.3.1 of the Agreement shall be deleted in their entirety and replaced by the following:
Appears in 4 contracts
Samples: Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) consecutive equal monthly installments commencing on within thirty (30) days following the first day of the month following Normal Retirement AgeExecutive’s Separation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Enterprise Bank and Trust Company (Enterprise Bancorp Inc /Ma/)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 3 contracts
Samples: Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 3 contracts
Samples: Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) consecutive equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement Agea Change in Control. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.. The following Section 2.6 shall be added to the Agreement immediately following Section 2.5:
Appears in 3 contracts
Samples: Continuation Agreement (Enterprise Bancorp Inc /Ma/), Continuation Agreement (Enterprise Bancorp Inc /Ma/), Continuation Agreement (Enterprise Bancorp Inc /Ma/)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 3 contracts
Samples: Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) consecutive equal monthly installments commencing on within thirty (30) days following the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Enterprise Bank and Trust Company (Enterprise Bancorp Inc /Ma/)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) consecutive equal monthly installments commencing on within thirty (30) days following the first day of the month following Executive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Enterprise Bank and Trust Company (Enterprise Bancorp Inc /Ma/)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for the greater of fifteen (15) years, or the Executive's lifetime.
Appears in 3 contracts
Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)
Distribution of Benefit. The Bank Company shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (First Keystone Corp), Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) consecutive equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Enterprise Bank and Trust Company (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for the greater of fifteen (15) years, or the Executive's lifetime.
Appears in 3 contracts
Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen ten (1510) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Camco Financial Corp), Continuation Agreement by And (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Agethe date of Separation of Service resulting from such Disability determination. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Agethe Executive’s Separation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years. During the applicable installment period, the Bank shall credit interest to the remaining Accrual Balance at an annual rate equal to the Discount Rate, compounded monthly.
Appears in 2 contracts
Samples: United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Two River Community Bank Supplemental Executive Retirement Agreement (Two River Bancorp), Retirement Agreement (Community Partners Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve one hundred eighty (12180) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall During the applicable installment period, interest will be distributed applied to the Executive for fifteen (15) yearsAccrual Balance at the Discount Rate, compounded monthly.
Appears in 2 contracts
Samples: Continuation Agreement (First Community Corp /Sc/), Continuation Agreement (Regional Bankshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive determination of the Executive’s Disability, and continuing for the greater of the Executive’s lifetime or fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp), Cambridge Trust Company (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age, subject to Section 2.5 hereof. The annual benefit shall be distributed to the Executive for fifteen ten (1510) years.
Appears in 2 contracts
Samples: Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen the greater of (15i) yearsseventeen (17) years or (ii) the Executive’s lifetime.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Beach First National Bancshares Inc), Continuation Agreement (Beach First National Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Agethe date of Separation of Service resulting from such Disability determination. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 2 contracts
Samples: Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within Sixty (60) days following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp), Supplemental Executive Retirement Agreement (Home Federal Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal the Early Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp), Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within ninety (90) days following the first day of the month following Executive’s Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Bank of the James Financial Group Inc), Salary Continuation Agreement (Bank of the James Financial Group Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen the greater of (15i) yearsseventeen (17) years or (ii) the Executive’s lifetime.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Beach First National Bancshares Inc), Continuation Agreement (Beach First National Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual ----------------------- benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Pacific Premier (Pacific Premier Bancorp Inc), Pacific Premier (Pacific Premier Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Executive's 65 birthday. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement Age. The annual benefit shall be distributed to , and continuing for the Executive for greater of the Executive’s lifetime or fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp), Cambridge Trust Company (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Agethe Executive’s Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive Executive’s Separation from Service, and continuing for the greater of the Executive’s lifetime or fifteen (15) years.
Appears in 2 contracts
Samples: Cambridge Trust Company (Cambridge Bancorp), Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years. During the applicable installment period, interest will be applied to the Accrual Balance at the Discount Rate in effect at Separation from Service, compounded monthly.
Appears in 2 contracts
Samples: Provident Community Bancshares, Inc., Provident Community Bancshares, Inc.
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit ----------------------- to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Pacific Premier (Pacific Premier Bancorp Inc), Pacific Premier (Pacific Premier Bancorp Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first business day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 2 contracts
Samples: Athens Federal Community Bank Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within ninety (90) days following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 2 contracts
Samples: Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Retirement Agreement (Farmers & Merchants Bancshares, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement Age. The annual benefit shall be distributed to , and continuing for the Executive for greater of the Executive’s lifetime or fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp), Cambridge Trust Company (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Supplemental Executive Retirement Agreement (Home Federal Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen the Executive’s life, but not less than twenty (1520) years.
Appears in 1 contract
Samples: Supplemental Employee Retirement Plan (Cascade Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within Sixty (60) days following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive Executive's Separation from Service, and continuing for the greater of the Executive's lifetime or fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual ------------------------- benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Executive's 65 birthday. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute pay the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following at the later of (a) the seventh month after the Executive's Separation from Service, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Continuation Agreement (Dimeco Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) yearsuntil the Executive’s death.
Appears in 1 contract
Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following at the later of (a) the seventh month after the Executive's Separation from Service, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Continuation Agreement (Dimeco Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within ninety (90) days following the first day of the month following Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Continuation Agreement (Bank of the James Financial Group Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Separation from Service on or after Normal Retirement Age. The annual benefit shall be distributed to , and continuing for the Executive for fifteen greater of the Executive’s lifetime or twenty (1520) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Salary Continuation Agreement (Smartfinancial Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen five (155) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Termination without Cause. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 1 contract
Samples: Retirement Plan Agreement (Penseco Financial Services Corp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive attaining Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen Fifteen (15) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual ------------------------- benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within thirty (30) days following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive's Normal Retirement AgeDate. The annual benefit shall be distributed paid to the Executive for fifteen (15) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive determination of the Executive's Disability, and continuing for the greater of the Executive's lifetime or fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Executive’s sixty-seventh (67th) birthday. The annual benefit shall be distributed to the Executive for fifteen (15) years.. TWO RIVER COMMUNITY BANK Supplemental Executive Retirement Agreements Sections 2.3 and 2.3.1 of the Agreement shall be deleted in their entirety and replaced by the following:
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Normal Retirement AgeDate. The annual benefit shall be distributed to the Executive for fifteen (15) years.. Harvard Savings Bank Salary Continuation Agreement
Appears in 1 contract
Samples: Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.. Section 2.3.2 of the Agreement shall be deleted and replaced by the following: 2.3.2
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute pay the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen seven (157) years.
Appears in 1 contract
Samples: Continuation Agreement by And (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed paid to the Executive for fifteen (15) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within ninety (90) days following the first day of the month following Executive's Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Continuation Agreement (Bank of the James Financial Group Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive attaining Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen one hundred twenty (15120) yearsconsecutive months.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Northwest Bancorporation Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Separation from Service of Executive after Executive attaining Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.”
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute pay the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years. During the applicable installment period, interest will be applied to the Account Value at the Discount Rate, compounded monthly.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first last day of of_ the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement AgeSeparation from Service. The annual benefit shall be distributed to the Executive for fifteen eleven (1510) years.
Appears in 1 contract
Samples: Continuation Agreement by And (Bank of Marin Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed the Executive’s Separation of Service due to Disability, and continuing for the Executive for fifteen greater of the Executive’s lifetime or twenty (1520) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on within ninety (90) days following the first day of the month following Normal Retirement AgeExecutive attaining age 63. The annual benefit shall be distributed to the Executive for fifteen twenty (1520) years.
Appears in 1 contract
Samples: Retirement Agreement (Farmers & Merchants Bancshares, Inc.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Agethe Termination without Cause. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen the greater of (15i) years.seventeen (17) years or (ii) the Executive’s lifetime. Sections 2.4, 2.4.1, 2.4.2 and 2.4.3 of the Agreement shall be deleted in their entirety and replaced by the following:
Appears in 1 contract
Samples: Continuation Agreement (Beach First National Bancshares Inc)
Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Ageat the seventh month after the Executive's Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.
Appears in 1 contract
Samples: Continuation Agreement (Dimeco Inc)
