Common use of Distribution of Benefit Clause in Contracts

Distribution of Benefit. The Bank shall distribute the benefit to the Director as elected by the Director on the Distribution Election Form commencing within thirty (30) days following such Disability. The Bank shall credit interest at an annual rate equal to the Crediting Rate on the remaining account balance during any applicable installment period.

Distribution of Benefit. The Bank shall distribute the benefit to the Director as elected by the Director on the Distribution Election Form commencing within thirty (30) days following such DisabilitySeparation from Service. The Bank shall credit interest at an annual rate equal to the Crediting Rate on the remaining account balance during any applicable installment period.

Distribution of Benefit. The Bank shall distribute the benefit to the Director Executive as elected by the Director Executive on the Distribution Election Form commencing within thirty (30) days following such Disability. The Bank shall credit interest at an annual rate equal to the Crediting Rate on the remaining account balance during any applicable installment period.

Distribution of Benefit. The Bank shall distribute the benefit to the Director as elected by the Director on the Distribution Election Form commencing within thirty (30) days following such DisabilitySeparation from Service. The Bank shall credit interest at an annual rate equal to the Crediting Rate Rats on the remaining account balance during any applicable installment period.

Distribution of Benefit. The Bank shall distribute the benefit to the Director as elected by the Director on the Distribution Election Form commencing within thirty (30) days following such DisabilitySeparation from Service. The Bank shall credit interest at an annual rate equal to the Crediting Rate on the remaining account balance during any applicable installment period.. THE NATIONAL UNION BANK OF KINDERHOOK Phantom Stock Appreciation Rights Agreement

Distribution of Benefit. The Bank shall distribute the benefit to the Director Executive as elected by the Director Executive on the Distribution Election Form commencing within thirty (30) days following such Disability. The Bank shall credit interest at an annual rate equal to the Crediting Rate on the remaining account balance balance-during any applicable installment period.