Social Security Benefits. One-half of the amount of monthly unreduced primary (not family) retirement benefits under the United States Social Security Act that the Executive would be eligible for if application were made as of the Executive’s sixty-fifth birthday, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s working career; and
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Sandy Spring Bank Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)
Social Security Benefits. One-half of the amount of monthly unreduced primary (not family) retirement benefits under the United States Social Security Act that the Executive would be eligible for if application were made as of the Executive’s 's sixty-fifth birthday, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s his working career; and
Appears in 2 contracts
Samples: Retirement Agreement (Sandy Spring Bancorp Inc), Retirement Agreement (Sandy Spring Bancorp Inc)
Social Security Benefits. One-half of the amount of monthly unreduced primary (not family) retirement benefits under the United States Social Security Act that the Executive would be eligible for if application were made as of the Executive’s sixty-fifth birthday, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s his working career; and
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)
Social Security Benefits. One-half One hundred percent (100%) of the amount of monthly annual unreduced primary (not family) retirement benefits under the United States Social Security Act that Act, but only if the Executive would be eligible for Social Security Benefits if application were made as of the Executive’s sixty-fifth birthdayNormal Retirement Age, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s working career; and
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Social Security Benefits. One-half of the amount of The monthly unreduced primary (not family) retirement benefits benefit under the United States Social Security Act that the Executive would be eligible for if the application were made as of the Executive’s sixty-fifth 's 65th birthday, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s his working career; and
Appears in 1 contract
Social Security Benefits. One-half of the amount of monthly unreduced primary (not family) retirement benefits under the United States Social Security Act that the Executive would be eligible for if application were made as of the Executive’s 's sixty-fifth birthday, assuming that the Executive had earnings at or above the maximum contribution and benefit base under Section 230 of the United States Social Security Act for the Executive’s 's working career; and
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