Common use of Salary Continuation Plan Clause in Contracts

Salary Continuation Plan. Subject to Executive's successful passing of any required physical examination and insurability, as determined by Bank and Bank's insurance provider, Executive shall receive a salary continuation plan that provides for an annual $100,000 benefit when Executive reaches the age of 65 for up to 15 years, and a fully vesting death benefit for the benefit of Executive's family, subject to specific terms and conditions to be agreed upon by Executive and Bank.

Salary Continuation Plan. Subject to Executive's successful passing of any a required physical examination and insurability, as determined by Bank and Bank's insurance provider, Executive shall receive a salary continuation plan that provides for provides, during the Term, an annual $100,000 benefit when Executive reaches the age of 65 for up to 15 years, and a fully vesting death benefit for the benefit of Executive's family, subject to specific terms and conditions to be agreed upon by Executive and Bank.

Salary Continuation Plan. Subject to Executive's successful passing of any a required physical examination and insurability, as determined by Bank and Bank's insurance provider, Executive shall receive a salary continuation plan that provides for an annual $100,000 benefit benefit, during the Term, when Executive reaches the age of 65 for up to 15 years, and a fully vesting death benefit for the benefit of Executive's family, subject to specific terms and conditions to be agreed upon by Executive and Bank.

Salary Continuation Plan. Subject to Executive's successful passing of any a required physical examination and insurability, as determined by Bank and Bank's insurance provider, Executive shall receive a salary continuation plan as soon as practicable that provides for an annual $100,000 benefit when Executive reaches the age of 65 for up to 15 years, and a fully vesting death benefit for the benefit of Executive's family, subject to specific with such other terms and conditions to as shall be agreed upon by Executive Bank and BankExecutive.