Common use of Early Termination Benefit Clause in Contracts

Early Termination Benefit. If the Director terminates service before the Early Retirement Age or Normal Retirement Age for reasons other than Change of Control, death or Disability, the Company shall pay to the Director the benefit described in the 4.3 in lieu of any other benefits under this Agreement.

Appears in 12 contracts

Samples: Retirement Agreement (First Litchfield Financial Corp), Retirement Agreement (First Litchfield Financial Corp), Retirement Agreement (First Litchfield Financial Corp)

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Early Termination Benefit. If the Director terminates service as a Director before the Early Retirement Age or Normal Retirement Benefit Age for reasons other than death, Disability or following a Change of in Control, death or Disability, the Company shall pay to the Director the benefit described in the 4.3 this Section 4.2 in lieu of any other benefits benefit under this Agreement.

Appears in 7 contracts

Samples: Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)

Early Termination Benefit. If the Director terminates service before the Early Retirement Age or Normal Retirement Age for reasons other than Change of Control, death or Disability, the Company shall pay to the Director the benefit described in the this Section 4.3 in lieu of any other benefits under this Agreement.

Appears in 3 contracts

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Early Termination Benefit. If the Director terminates service as a Director before the Early Retirement Age or Normal Retirement Benefit Age for reasons other than death, disability or following a Change of in Control, death or Disability, the Company Bank shall pay to the Director the benefit described in the 4.3 this Section 4.2 in lieu of any other benefits benefit under this Agreement.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (First Perry Bancorp, Inc), Director Deferred Fee Agreement (Riverview Financial Corp)

Early Termination Benefit. If the Director terminates service before the Early Retirement Age or Normal Retirement Age for reasons other than Change of Control, death or Disability, the Company shall pay to the Director the benefit described in the 4.3 in lieu of any other benefits under this Agreement.

Appears in 2 contracts

Samples: Incentive Retirement Agreement (Smithtown Bancorp Inc), Incentive Retirement Agreement (Smithtown Bancorp Inc)

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Early Termination Benefit. If the Director terminates service as a director before the Early Retirement Age earlier of the Normal Termination Date or Normal Retirement Age the Distribution Date and for reasons other than Change of Control, death or Disability, the Company shall pay to the Director the benefit described in the 4.3 in lieu of any other benefits under this AgreementSection 4.2.

Appears in 2 contracts

Samples: Fee Agreement (Regency Bancorp), Fee Agreement (Regency Bancorp)

Early Termination Benefit. If the Director terminates service Director's Termination of Services occurs before the Early Retirement Age or Normal Retirement Age Date for reasons other than Change of Control, death or Disability, the Company shall pay to the Director the benefit described in the 4.3 in lieu of any other benefits under this AgreementSection 4.2.

Appears in 2 contracts

Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Early Termination Benefit. If Upon Termination of Service prior to the Director terminates service before the Early Retirement Age or Normal Retirement Age for reasons other than death, Change of Control, death Control or Disability, the Company shall pay to the Director director the benefit described in the 4.3 this Section 4.2 in lieu of any other benefits benefit under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (First Northern Community Bancorp)

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