Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Separation of Service and continuing for the greater of the Executive’s life or an additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable commencing on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthsfifteen (15) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (x) the seventh month following after the Executive’s Separation from Service, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Termination of Employment or Demotion, paying the annual benefit to the Executive for the greater a period of the Executive’s life or an additional 179 months20 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments commencing within ninety (90) days following the Executive’s Termination of Employment, and payable on the first day of each month commencing with thereafter. The annual benefit shall be paid to the month following the Executive’s Normal Retirement Date and continuing Executive for the greater of the Executive’s life or an additional 179 monthsten (10) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (x) the seventh month following after the Executive’s Separation from Service, or (y) the month immediately after the month in which the Executive attains Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the seventh month following after Separation from Service. The annual benefit shall be paid to the Executive’s Normal Retirement Date and continuing Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing for the greater of the Executive’s life or an 179 consecutive additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (a) the seventh month following after Separation from Service, or (b) the Executive’s month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with beginning immediately after the month following the Executive’s expiration of six (6) months after Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 monthslifetime.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Disability and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Termination of Employment and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit Annual Benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the first of the month following Termination of Employment, and shall continue payments to the Executive’s Normal Retirement Date and continuing Executive for the greater a total period of the Executive’s life or an additional 179 monthstwenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month, beginning in the month following immediately after the Executive’s =s Normal Retirement Date and continuing Date. The Normal Retirement annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months=s lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on commencing within 90 days after the first day date of each month commencing with the month following the Executive’s Normal Retirement Date 's Termination of Employment and continuing for the greater of the Executive’s life or an 239 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing beginning with the later of (a) the calendar month following immediately after the Executive’s Executive attains the Normal Retirement Date and continuing Age or (b) the calendar month beginning immediately after the expiration of six (6) months after Early Termination. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit under Section 2.2 of this Agreement to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Early Termination Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthsten (10) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Early Retirement Date Age and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit under Section 2.1 of this Agreement to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthsten (10) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following after the Normal Retirement Age. The annual benefit shall be paid to the Executive for the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 months=s lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (a) the seventh month following after the Executive’s Separation from Service, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following immediately after the Executive’s Normal Retirement Date and continuing Date. The Normal Retirement annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank shall pay the this annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthslife.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive Executive’s beneficiary in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of death. The annual benefit shall be paid to the Executive’s life or an additional 179 monthsBeneficiary for a period of twenty years.

Payment of Benefit. The Bank shall pay the annual benefit under Section 2.1 of this Agreement to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month, beginning in the month following immediately after the Executive’s Normal Termination of Employment. The Early Retirement Date and continuing annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years (180 monthly payments).

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Separation of Service and continuing for the greater of the Executive’s life or an additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (a) the seventh month following after the Executive’s Termination of Employment, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthsher lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following immediately after the Executive’s month in which the Executive attains the Normal Retirement Date and continuing Age. The Normal Retirement annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthsher lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following after the Executive’s Normal Retirement Date and continuing Early Termination Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months10 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first (1st) day of each month commencing month, beginning with the later of (x) the seventh (7th) month following after the Executive’s Separation from Service, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthslifetime with a fifteen (15) – year term certain period.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable commencing on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing 65th birthday. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthstwenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first (1st) day of each month commencing month, beginning with the later of (x) the seventh (7th) month following after the Executive’s 's Separation from Service, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months's lifetime with a ( ) - year term certain period.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an 179 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthslife.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following immediately after the Executive’s month in which the Executive attains Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Termination of Employment and continuing for the greater of the Executive’s life or an 179 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing thereafter for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month January following the Executive’s 's Normal Retirement Date and continuing the first of each subsequent month for the greater of the Executive’s life or an additional 179 months119 months that follow.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following immediately after the Executive’s month in which the Executive attains Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an 179 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on commencing with the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Termination of Employment, paying the annual benefit to the Executive for the greater a period of the Executive’s life or an additional 179 monthstwenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on commencing within 90 days after the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater date of the Executive’s life or an additional 179 months's Termination of Employment and continuing the first of each subsequent month for the 119 months that follow.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the month following immediately after the Executive’s month in which the Executive attains the Normal Retirement Date and continuing Date. The Normal Retirement annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (a) the seventh month following after the Executive’s Termination of Employment, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Date. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.

Payment of Benefit. The Bank Company shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing for the greater life of the Executive’s life , but in any event, until a total of 179 additional monthly payments have been made to the Executive or an additional 179 monthsto the Executive's beneficiary.

Payment of Benefit. The Bank shall pay the annual benefit Annual Benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month, beginning in the month following immediately after the Executive’s Normal Termination of Employment. The Early Retirement Date and continuing Annual Benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years (180 monthly payments).

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an two hundred thirty nine (239) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an _______ additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Separation from Service for reasons set forth in Section 2.2 and continuing for the greater of the Executive’s life or an additional 179 with a guaranteed payment of 240 months.

Payment of Benefit. The Bank shall pay the annual benefit Annual Benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month, beginning in the month following immediately after the Executive’s Normal Retirement Date and continuing Executive incurs a Disability. The Annual Benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years (180 monthly payments).

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal 's normal Retirement Date and continuing thereafter for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month, beginning in the month following immediately after the Executive’s attainment of Normal Retirement Date and continuing Age. This annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months15 years (180 monthly payments).

Payment of Benefit. The Bank shall pay the this annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthslife.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing for the greater of the Executive’s life or an 227 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an 227 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing for the greater of the Executive’s life or an 239 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Early Retirement Date and continuing for the greater of the Executive’s life or an 179 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable commencing on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Termination of Employment. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 months.twenty (20) years. PEOPLES FEDERAL SAVINGS BANK Salary Continuation Agreement

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 months239 months that follow.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an two hundred thirty nine (239) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Termination of Employment and continuing for the greater of the Executive’s life or an 227 additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit amount to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date Age and continuing for the greater of the Executive’s life or an two hundred thirty nine (239) additional 179 months.

Payment of Benefit. The Bank shall pay the this annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing 's termination of employment due to disability. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthslife.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable commencing on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing Termination of Employment. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthstwenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an one hundred seventy-nine (179) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive Executive's Beneficiary in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date and continuing for the greater of 's death. The annual benefit shall be paid to the Executive’s life or an additional 179 months's Beneficiary for a period of twenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12( ) equal monthly installments payable on the first (1st) day of each month commencing month, beginning with the month following immediately after the month in which the Executive attains the Normal Retirement Age. The Normal Retirement annual benefit shall be paid to the Executive for the Executive’s Normal Retirement Date and continuing for the greater of the Executive’s life or an additional 179 months's lifetime with a ( ) - year term certain period.

Payment of Benefit. The Bank Company shall pay the annual benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date and continuing for the greater of the Executive’s life of the Executive or an two hundred twenty seven (227) additional 179 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in twelve (12) 12 equal monthly installments payable on the first day of each month commencing month, beginning with the later of (a) the seventh month following after the Executive’s Termination of Employment, or (b) the month immediately after the month in which the Executive attains the Normal Retirement Date and continuing Age. The annual benefit shall be paid to the Executive for the greater of the Executive’s life or an additional 179 monthshis lifetime.