Common use of Supplemental Retirement Benefit Clause in Contracts

Supplemental Retirement Benefit. Beginning with your hire date, on the first day of each month that you are still providing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “Supplemental Retirement Benefit”) are to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments over a ten (10) year period beginning at such times as are set forth in this Agreement. The Supplemental Retirement Benefit will vest in each case assuming you are then employed by the Company, as follows: as of March 8, 2008 it shall be vested to the extent of 20%, as of March 8, 2009 it shall be vested to the extent of 40%, as of March 8, 2010 it shall be vested to the extent of 60%, as of March 8, 2011 it shall be vested to the extent of 80%, and as of March 8, 2012 it shall be vested to the extent of 100% so that as of March 8, 2012 the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire date, on On the first day of each month that you are still providing performing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “"Supplemental Retirement Benefit”") are in the amount of four thousand two hundred ($4,200.00).The sum of all such monthly accruals of Supplemental Retirement Benefit shall constitute the "Aggregate Supplemental Retirement Benefit". The Aggregate Supplemental Retirement Benefit, to the extent vested, is to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments installments, over a ten (10) year period beginning at such times as are set forth in this Agreement. Wherever so used in this Agreement, the term "Monthly Supplemental Retirement Benefit" shall mean the Aggregate Supplemental Retirement Benefit divided by one-hundred-twenty (120) months. The Aggregate Supplemental Retirement Benefit will vest vest, in each case assuming you are then employed by the Company, as follows: as of March 8January 31, 2008 2001 it shall be vested to the extent of 20%, as of March 8January 31, 2009 2002 it shall be vested to the extent of 40%, as of March 8January 31, 2010 2003 it shall be vested to the extent of 60%, as of March 8January 31, 2011 2004 it shall be vested to the extent of 80%, and as of March 8January 31, 2012 2005 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire date, on On the first day of each month that you are still providing performing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “"Supplemental Retirement Benefit”") are in the amount of four thousand two hundred ($4,200.00).The sum of all such monthly accruals of Supplemental Retirement Benefit shall constitute the "Aggregate Supplemental Retirement Benefit". The Aggregate Supplemental Retirement Benefit, to the extent vested, is to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments installments, over a ten (10) year period beginning at such times as are set forth in this Agreement. Wherever so used in this Agreement, the term "Monthly Supplemental Retirement Benefit" shall mean the Aggregate Supplemental Retirement Benefit divided by one-hundred-twenty (120) months. The Aggregate Supplemental Retirement Benefit will vest vest, in each case assuming you are then employed by the Company, as follows: as of March 8November 10, 2008 2000 it shall be vested to the extent of 20%, as of March 8November 10, 2009 2001 it shall be vested to the extent of 40%, as of March 8November 10, 2010 2002 it shall be vested to the extent of 60%, as of March 8November 10, 2011 2003 it shall be vested to the extent of 80%, and as of March 8November 10, 2012 2004 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement. 3.

Supplemental Retirement Benefit. Beginning with your hire date, on On the first day of each month that you are still providing performing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “"Supplemental Retirement Benefit”") are in the amount of four thousand two hundred ($4,200.00).The sum of all such monthly accruals of Supplemental Retirement Benefit shall constitute the "Aggregate Supplemental Retirement Benefit". The Aggregate Supplemental Retirement Benefit, to the extent vested, is to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments installments, over a ten (10) year period beginning at such times as are set forth in this Agreement. Wherever so used in this Agreement, the term "Monthly Supplemental Retirement Benefit" shall mean the Aggregate Supplemental Retirement Benefit divided by one-hundred-twenty (120) months. The Aggregate Supplemental Retirement Benefit will vest vest, in each case assuming you are then employed by the Company, as follows: as of March 8February 9, 2008 2001 it shall be vested to the extent of 20%, as of March 8February 9, 2009 2002 it shall be vested to the extent of 40%, as of March 8February 9, 2010 2003 it shall be vested to the extent of 60%, as of March 8February 9, 2011 2004 it shall be vested to the extent of 80%, and as of March 8February 9, 2012 2005 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement. 3.

Supplemental Retirement Benefit. Beginning with your hire dateStarting September 1, 2004, on the first day of each month that you are still providing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in Supplemental Retirement Benefit, an amount necessary to ensure that, when 100% to the extent vested, the amount accrued would be sufficient to support monthly payments to equal to twenty percent (20%) 30% of your average base salary for the previous three (3) years of continuous employment with the CompanyCompany (see attachment I). Following your termination of employment, these monthly These payments (the “"Supplemental Retirement Benefit”Benefits") are to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments over a ten (10) year period beginning at such times as are set forth in this Agreement. The These Supplemental Retirement Benefit Benefits will vest in each case assuming you are then employed by the Company, as follows: as of March 8September 1, 2008 2004 it shall be vested to the extent of 20%, as of March 8September 1, 2009 2005 it shall be vested to the extent of 40%, as of March 8September 1, 2010 2006 it shall be vested to the extent of 60%, as of March 8September 1, 2011 2007 it shall be vested to the extent of 80%, and as of March 8September 1, 2012 2008 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire date, on On the first day of each month that you are still providing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in Supplemental Retirement Benefit, an amount necessary to ensure that, when 100% to the extent vested, the amount accrued would be sufficient to support monthly payments to equal to twenty percent (20%) 30% of your average base salary for the previous three (3) years of continuous employment with the Companyyears. Following your termination of employment, these monthly (See Attachment I). These payments (the “"Supplemental Retirement Benefit”") are to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments over a ten (10) year period beginning at such times as are set forth in this Agreement. The These Supplemental Retirement Benefit Benefits will vest vest, in each case case, assuming you are then employed by the Company, as follows: as of March 8November 1, 2008 2002 it shall be vested to the extent of 20%, as of March 8November 1, 2009 2003 it shall be vested to the extent of 40%, as of March 8November 1, 2010 2004 it shall be vested to the extent of 60%, as of March 8November 1, 2011 2005 it shall be vested to the extent of 80%, and as of March 8November 1, 2012 2006 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire date, on On the first day of each month that you are still providing performing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “"Supplemental Retirement Benefit”") are in the amount of five thousand sixty six dollars ($5,066.00). The sum of all such monthly accruals of Supplemental Retirement Benefit shall constitute the "Aggregate Supplemental Retirement Benefit". The Aggregate Supplemental Retirement Benefit, to the extent vested, is to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments installments, over a ten (10) year period beginning at such times as are set forth in this Agreement. Wherever so used in this Agreement, the term "Monthly Supplemental Retirement Benefit" shall mean the Aggregate Supplemental Retirement Benefit divided by one hundred twenty (120) months. The Aggregate Supplemental Retirement Benefit will vest vest, in each case assuming you are then employed by the Company, as follows: as of March 8June 18, 2008 2002 it shall be vested to the extent of 20%, as of March 8June 18, 2009 2003 it shall be vested to the extent of 40%, as of March 8June 18, 2010 2004 it shall be vested to the extent of 60%, as of March 8June 18, 2011 2005 it shall be vested to the extent of 80%, and as of March 8June 18, 2012 2006 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire date, on the first day of each month that you are still providing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in an amount necessary to ensure that, when 100% vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly payments (the “"Supplemental Retirement Benefit”") are to be paid to you or, upon your death, to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments over a ten (10) year period beginning at such times as are set forth in this Agreementthe first month following your 65th birthday or beginning with the first day of the seventh (7th) month following your termination of employment, whichever is later. The Supplemental Retirement Benefit will vest in each case assuming you are then employed by the Company, as follows: as of March 8, 2008 it shall be vested to the extent of 20%, as of March 8, 2009 it shall be vested to the extent of 40%, as of March 8, 2010 it shall be vested to the extent of 60%, as of March 8, 2011 it shall be vested to the extent of 80%, and as of March 8, 2012 it shall be vested to the extent of 100% so that as of March 8, 2012 the latter date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.

Supplemental Retirement Benefit. Beginning with your hire dateStarting September 1, 2004, on the first day of each month that you are still providing services under the terms of this Agreement, the Company shall accrue for your benefit a supplemental retirement benefit in Supplemental Retirement Benefit, an amount necessary to ensure that, when 100% to the extent vested, the amount accrued would be sufficient to support monthly payments equal to twenty percent (20%) 30% of your average base salary for the previous three (3) years of continuous employment with the Company. Following your termination of employment, these monthly These payments (the “Supplemental Retirement BenefitBenefits”) are to be paid to you or, upon your death, or to your beneficiary or beneficiaries designated by you in writing to the Company, or, if none is so designated, to your estate (“Beneficiary”), in equal monthly installments over a ten (10) year period beginning at such times as are set forth in this Agreement. The These Supplemental Retirement Benefit Benefits will vest in each case assuming you are then employed by the Company, as follows: as of March 8September 1, 2008 2004 it shall be vested to the extent of 20%, as of March 8September 1, 2009 2005 it shall be vested to the extent of 40%, as of March 8September 1, 2010 2006 it shall be vested to the extent of 60%, as of March 8September 1, 2011 2007 it shall be vested to the extent of 80%, and as of March 8September 1, 2012 2008 it shall be vested to the extent of 100% so that as of March 8, 2012 the later date the full amount of the Aggregate Supplemental Retirement Benefit shall be due and payable in the instances set forth elsewhere in this Agreement.