Common use of Early Retirement Benefit Clause in Contracts

Early Retirement Benefit. If Early Retirement occurs, the Bank shall distribute to the Executive the benefit described in this Section 4.2 in lieu of any other benefit under this Article.

Appears in 3 contracts

Samples: Deferred Compensation Agreement (Bancorp 34, Inc.), Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp)

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Early Retirement Benefit. If Early Retirement occurs, the Bank Company shall distribute to the Executive the benefit described in this Section 4.2 2.2 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Ohio Valley Banc Corp), Continuation Agreement (Ohio Valley Banc Corp)

Early Retirement Benefit. If Upon Early Retirement occursRetirement, the Bank shall distribute to the Executive the benefit described in this Section 4.2 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)

Early Retirement Benefit. If Upon Early Retirement occursRetirement, the Bank shall distribute to the Executive the benefit described in this Section 4.2 2.5 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Continuation Agreement (Service 1st Bancorp)

Early Retirement Benefit. If Upon Early Retirement occursRetirement, the Bank shall distribute to the Executive the benefit described in this Section 4.2 2.2 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp)

Early Retirement Benefit. If Upon Early Retirement occursRetirement, the Bank shall distribute to the Executive the benefit described in this Section 4.2 2.6 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Service 1st Bancorp

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Early Retirement Benefit. If Early Retirement occurs, the Bank shall distribute to the Executive Director the benefit described in this Section 4.2 2.2 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Director Retirement Agreement (Alamogordo Financial Corp)

Early Retirement Benefit. If Early Retirement occurs, the Bank shall distribute to the Executive the benefit described in this Section 4.2 in lieu of any other benefit under this Article.. BANK’34

Appears in 1 contract

Samples: Deferred Compensation Agreement (Alamogordo Financial Corp)

Early Retirement Benefit. If Upon Early Retirement occurs, the Bank shall distribute to the Executive the benefit described in this Section 4.2 2.2 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp)

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