Common use of SMALL AMOUNTS Clause in Contracts

SMALL AMOUNTS. In the event the amount of any monthly payments provided herein shall be less than $100.00, the Company in its sole discretion may, in lieu thereof, pay the commuted value of such payments to the person entitled to receive such payments.

Appears in 2 contracts

Sources: Salary Continuation Plan (Yardville National Bancorp), Salary Continuation Plan (Yardville National Bancorp)