Common use of Index Benefits Clause in Contracts

Index Benefits. The following benefits provided by the Bank to the Director are in the nature of a fringe benefit and shall in no event be construed to effect nor limit the Director's current or prospective salary increases, cash bonuses or profit-sharing distributions or credits.

Appears in 3 contracts

Samples: Continuation Plan Agreement (Shore Bancshares Inc), Agreement (Eufaula Banccorp Inc), Director Indexed (Quitman Bancorp Inc)

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Index Benefits. The following benefits provided by the Bank to the Director are in the nature of a fringe benefit and shall in no event be construed to effect nor limit the Director's current or prospective salary fee increases, cash bonuses or profit-sharing distributions or credits.

Appears in 1 contract

Samples: Agreement (Republic Security Financial Corp)

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