Seniority Factor definition
Seniority Factor means a percentage based on the number of years a Participant has been employed by the Bank or served on the Board, as the case may be. For purposes of this Plan, a Director first elected at an annual meeting of the Bank shall be deemed to have been elected on the preceding September 30. The percentage shall be as follows:
Seniority Factor means a percentage based on the number of years a Participant has been employed by the Bank or served on the Board, as the case may be. The percentage shall be as follows: