Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [Subparagraph I (H)] for that Plan Year.
Appears in 3 contracts
Samples: Director Agreement (Heritage NOLA Bancorp, Inc.), Director Agreement (Heritage NOLA Bancorp, Inc.), Supplemental Retirement Plan (Steelton Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of annual earnings or loss determined by the Index [Subparagraph I (G)] for that Plan Year over less the Cost of Funds Expense [Subparagraph I (H)] for that Plan Year].
Appears in 2 contracts
Samples: Director Agreement (Ameriana Bancorp), Director Supplemental Retirement Program (Ameriana Bancorp)
Index Retirement Benefit. The In the event the Director receives the retirement benefit set forth in Subparagraph II (A) herein, the Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense [(Subparagraph I ([H)] ]) for that Plan Year.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Ecb Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year plan year shall be equal to the excess (if any) of the Index [(Subparagraph I (G)] [F]) for that Plan Year over the Opportunity Cost of Funds Expense [(Subparagraph I (H)] [G]) for that Plan Year, divided by a factor equal to 1.00 minus the marginal tax rate.
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Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [Subparagraph I (H)] for that Plan Year, divided by a factor equal to 1.11 minus the marginal tax rate.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Crescent Banking Co)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Cost of Funds Expense [(Subparagraph I ([H)] ]) for that Plan Year.
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Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year any year shall be equal to the excess of the annual earnings (if any) of determined by the Index [Subparagraph as defined in subparagraph I (G)] for that Plan Year year over the Cost of Funds Expense [Subparagraph I (Has defined in subparagraph I(H)] for that Plan Yearyear.
Appears in 1 contract
Samples: Agreement (Eufaula Banccorp Inc)
Index Retirement Benefit. The In the event the Director receives the retirement benefit set forth in Subparagraph II (A) herein, the Index Retirement Benefit for each the Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense [(Subparagraph I ([H)] ]) for that Plan Year.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Ecb Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Cost of Funds Expense [(Subparagraph I ([H)] ]) for that Plan Year, divided by a factor equal to 1.08 minus the marginal tax rate.
Appears in 1 contract
Samples: Supplemental Retirement Plan Director Agreement (CNB Holdings Inc /Ga/)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year plan year shall be equal to the excess (if any) of the Index [Subparagraph I 1 (GF)] for that Plan Year over the Cost of Funds Expense [Subparagraph I (HG)] for that Plan Year.
Appears in 1 contract
Samples: Agreement (Poage Bankshares, Inc.)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year any year shall be equal to the excess of the annual earnings (if any) of determined by the Index [Subparagraph subparagraph I (GH)] for that Plan Year year over the Cost of Funds Expense [Subparagraph subparagraph I (HI)] ], for that Plan Yearyear.
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Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense [(Subparagraph I ([H)] ]) for that Plan Year, divided by a factor equal to 1.39 minus the marginal tax rate.
Appears in 1 contract
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [(Subparagraph I ([G)] ]) for that Plan Year over the Cost of Funds Expense [Expenses (Subparagraph I ([H)] ]) for that Plan Year, divided by a factor equal to 1.20 minus the marginal tax rate.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (BV Financial, Inc.)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year shall be equal to the excess (if any) of the Index [Subparagraph I (G)] for that Plan Year over the Opportunity Cost of Funds Expense [Subparagraph I (H)] for that Plan Year.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Service Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Director in the Director Plan for each Plan Year plan year shall be equal to the excess (if any) of the Index [(Subparagraph I (G)] [F]) for that Plan Year over the Opportunity Cost of Funds Expense [(Subparagraph I (H)] [G]) for that Plan Year, divided by a factor equal to .85 minus the marginal tax rate.
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