Retirement Benefit. If the Executive is in service with the Bank until reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 2 contracts
Samples: Non Qualified Supplemental Executive Retirement Agreement (QCR Holdings Inc), Non Qualified Supplemental Executive Retirement Agreement (QCR Holdings Inc)
Retirement Benefit. If the Executive is in service with the Bank until reaching his Benefit Normal Retirement Age, the Executive shall be entitled to the Supplemental Retirement Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Normal Retirement Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 2 contracts
Samples: Non Qualified Supplemental Executive Retirement Agreement (Sound Federal Bancorp Inc), Supplemental Executive Retirement Agreement (Sound Federal Bancorp Inc)
Retirement Benefit. If the Executive is in service with the Bank until ------------------ reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Income Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments annuity for the remainder of the Payout Period.
Appears in 1 contract
Samples: And (First Bancorp of Indiana Inc)
Retirement Benefit. If the Executive is in service with the Bank until ------------------ reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Income Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (Alliance Bancorp)
Retirement Benefit. If the Executive is in service with the Bank until reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Income Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Prestige Financial Corp)
Retirement Benefit. If the Executive is in service with the Bank until ------------------ reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Income Benefit. Such benefit shall commence on the Executive's Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's Beneficiary a continuation of the monthly installments payments for the remainder of the Payout Period.
Appears in 1 contract
Retirement Benefit. If the Executive is in service with the Bank until reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Benefit. Such benefit shall commence on the Executive's ’s Benefit Eligibility Date and shall be payable in monthly installments throughout the Payout Period, unless Executive has elected a lump sum payment at the time of execution of the Joinder Agreement. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's ’s Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 1 contract
Samples: Crescent Banking Co
Retirement Benefit. If the Executive is in service with the Bank until reaching his Benefit Age, the Executive shall be entitled to the Supplemental Retirement Income Benefit. Such benefit shall commence on the Executive's ’s Benefit Eligibility Date and shall be payable in equal monthly installments throughout the Payout Period. In the event the Executive dies at any time after attaining his Benefit Age, but prior to completion of all such payments due and owing hereunder, the Bank shall pay to the Executive's ’s Beneficiary a continuation of the monthly installments for the remainder of the Payout Period.
Appears in 1 contract
