Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the last day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit to the Executive in monthly installments, each equal to 1/12th of such annual benefit, on the first day of each month. The annual benefit monthly installments shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years240 months.

Payment of Benefit. Beginning with the month after the Executive’s Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month after the Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearshis lifetime.

Payment of Benefit. Beginning with the month after the Executive's Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Subject to section 2.7 herein, the Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month immediately after the month in which the Executive attains the Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. Beginning the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. Beginning the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing for fifteen (15) years beginning on the first day of the month following after the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearsDate.

Payment of Benefit. The Company shall pay the annual benefit shall be paid to the Executive in twelve (12) equal and consecutive monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, Age and continuing on the first of each month thereafter for two hundred fifteen (215) additional months, for a total period of twenty two hundred sixteen (20216) yearsmonthly payments.

Payment of Benefit. The annual Employer shall pay the benefit shall be paid under this Section 2.5 to the Executive over fifteen (15) years in twelve (12) equal monthly installments commencing payable annually on the first day of each month, beginning with the month following after the Executive’s attainment of Executive reaches his Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement AgeChange in Control, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid amount to the Executive in twelve (12) 12 equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, Age and continuing on the first of each month thereafter for a total period of twenty two hundred thirty-nine (20239) yearsadditional months.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid amount to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement AgeDate. Notwithstanding the foregoing, and continuing on for any Specified Employee distributions may not be made before the first date which is six (6) months after the date of each month thereafter Termination of Employment (or, if earlier, the date of death of the Executive). The annual benefit shall be paid to the Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, Age and continuing on the first of each month thereafter for a total period of twenty two hundred thirty-nine (20239) yearsadditional months.

Payment of Benefit. The Employers shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, Date and continuing on the first of each month thereafter for a total period of twenty (20) years239 additional months.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Company shall distribute the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on Date. The annual benefit shall be distributed to the first of each month thereafter Executive for a total period of twenty (20) years.

Payment of Benefit. The Employer shall pay an annual benefit shall be paid to the Executive equal to the gross annual Normal Retirement Benefit in twelve (12) equal monthly installments commencing for fifteen (15) years beginning on the first day of the month following after the Executive’s attainment of Normal Retirement AgeDate, and continuing on the first of each month thereafter for a total period of twenty (20) yearssubject to reduction as provided in Section 2.6.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following Normal Retirement Age. The annual benefit shall be paid to the Executive for 10 years. The Company, in twelve (12) its sole and absolute discretion, may begin annual payments or make a lump sum payment of this benefit at any time, calculating the present value of said benefit using a discount rate equal to the 10-Year U.S. Treasury Bxxx rate and monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearscompounding.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid amount to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) ten years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on . The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid amount to the Executive in twelve (12) 12 equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, Age and continuing on the first of each month thereafter for a total period of twenty (20) years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, Date and continuing on for the first greater of each month thereafter for a total period the life of twenty the Executive or two hundred thirty-nine (20239) yearsadditional months.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment 's Termination of Normal Retirement Age, and continuing on Employment. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) ten years.

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement AgeSeparation from Service, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. The Employers shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, Date and continuing on the first of each month thereafter for a total period of twenty (20) years239 daditional months.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid amount to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement AgeDate. Notwithstanding the foregoing, and continuing on for any Specified Employee distributions may not be made before the first date which is six (6) months after the date of each month thereafter Termination of Employment (or, if earlier, the date of death of the Executive). The annual benefit shall be paid to the Executive for a total period of twenty fifteen (2015) years.. * * *

Payment of Benefit. The Employer shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid to the Executive in twelve (12) equal consecutive monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, Date and continuing on for the first greater of each month thereafter for a total period the life of the Executive or two hundred twenty seven (20227) yearsadditional months.

Payment of Benefit. The Employer shall pay the annual benefit shall be paid amount to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of 's Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid Normal Retirement Benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of 's Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first Executive for the Executive's lifetime with a minimum guaranteed number of each month thereafter for a total period monthly installments of twenty two-hundred forty (20) years240).