Common use of Normal Benefit Clause in Contracts

Normal Benefit. Upon the Normal Retirement Date, the Company shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Sources: Director Deferred Fee Agreement (Central Valley Community Bancorp), Deferred Fee Agreement (Central Valley Community Bancorp)

Normal Benefit. Upon the Normal Retirement Date, the Company shall pay to the Director the benefit described in this Section 4.1 4.1. in lieu of any other benefit under this Agreement.

Appears in 1 contract

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