Automatic Review Procedure. On the third year anniversary of the Effective Date of this Agreement, and every third year thereafter, the Bank shall review this Agreement for reasonableness of benefits, taking into account the Executive’s compensation on the date of the review and Bank-provided benefits that may be provided to the Executive after retirement from other sources. For purposes of this Agreement, Bank-provided benefits shall include, but are not limited to, matching contributions under the Bank’s 401(k) plan, contributions under the ESOP plan, and the Bank portion of Social Security benefits.
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Samples: Salary Continuation Agreement (Capital Corp of the West), Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)
Automatic Review Procedure. On the third year anniversary of the Effective Date of this Agreement, and every third year thereafter, thereafter the Bank shall will automatically review this Agreement for reasonableness of benefits, taking into account benefits with the intent that the Executive’s target benefit shall be 76% of compensation on less the date of the review and Bank-provided benefits that may be provided to the Executive after retirement from other sourcesbenefits. For purposes of this Agreement, Bank-provided benefits shall include, include but are not limited to, matching contributions under to (a) the Bank’s Bank 401(k) plan, contributions under the ESOP plan, match and (b) the Bank portion of Social Security benefits.of
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