Common use of Normal Retirement Benefit Clause in Contracts

Normal Retirement Benefit. The Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than death.

Appears in 12 contracts

Sources: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)

Normal Retirement Benefit. The Bank shall pay to Upon the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Executive's Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 instead of any other benefit under this Agreement.

Appears in 10 contracts

Sources: Salary Continuation Agreement (First Northern Community Bancorp), Salary Continuation and Split Dollar Agreement (First Northern Community Bancorp), Salary Continuation Agreement (Premierwest Bancorp)

Normal Retirement Benefit. The Bank shall pay to Upon the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Executive’s Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 instead of any other benefit under this Agreement.

Appears in 9 contracts

Sources: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Capital Corp of the West)

Normal Retirement Benefit. The Upon the Executive’s Termination of Employment on or after the Normal Retirement Date for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu instead of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathAgreement.

Appears in 4 contracts

Sources: Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp)

Normal Retirement Benefit. The Upon the attainment of Normal Retirement Age, without regard to whether there is a Termination of Employment, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu 3.1 instead of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathPlan.

Appears in 3 contracts

Sources: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)

Normal Retirement Benefit. The Upon Termination of Employment on a Normal Retirement Date, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathAgreement.

Appears in 3 contracts

Sources: Executive Salary Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\)

Normal Retirement Benefit. The Upon Termination of Employment on or after Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathArticle.

Appears in 3 contracts

Sources: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Normal Retirement Benefit. The Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathagreement.

Appears in 2 contracts

Sources: Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings)

Normal Retirement Benefit. The Upon Separation of Service on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathAgreement.

Appears in 2 contracts

Sources: Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.)

Normal Retirement Benefit. The Upon Termination of Employment at the Normal Retirement Date, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu instead of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathAgreement.

Appears in 1 contract

Sources: Salary Continuation Agreement (Bank of Wilmington CORP)

Normal Retirement Benefit. The Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement upon Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 4.1 in lieu of any other benefit under this Article.

Appears in 1 contract

Sources: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)

Normal Retirement Benefit. The Upon Termination of Employment of the Executive on or after the Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this Section 2.1 in lieu instead of any other benefit under this Agreement upon Termination of Employment on or after the Normal Retirement Age for reasons other than deathAgreement.

Appears in 1 contract

Sources: Salary Continuation Agreement (Unb Corp/Oh)