SERP Payment. Immediately prior to the Closing Date, the Company shall make a lump sum cash payment to the Executive in an amount equal to $601,841 in full satisfaction of the obligations under the SERP.
Appears in 2 contracts
Samples: Partners Trust Financial Group Inc, BSB Bancorp Inc
SERP Payment. Immediately prior to the Closing Date, the Company shall make a lump sum cash payment to the Executive in an amount equal to $601,841 604,933 in full satisfaction of the obligations under the SERP.
Appears in 2 contracts
Samples: Partners Trust Financial Group Inc, BSB Bancorp Inc