Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.
Appears in 17 contracts
Samples: Continuation Agreement (Madison County Financial, Inc.), Continuation Agreement (Madison County Financial, Inc.), Salary Continuation Agreement (Madison County Financial, Inc.)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 16 contracts
Samples: FSB Salary Continuation Agreement (Park National Corp /Oh/), Salary Continuation Agreement (Redwood Empire Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Termination of Employment and continuing for a period of 15 years179 additional months.
Appears in 15 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The annual benefit shall be paid to the Executive Executive's beneficiary for a period of 15 years180 months.
Appears in 13 contracts
Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 years180 months.
Appears in 13 contracts
Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 13 contracts
Samples: Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Lake Ariel Bancorp Inc), Continuation Agreement (Norwood Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 9 contracts
Samples: Supplemental Executive Retirement Agreement (Efc Bancorp Inc), Continuation Agreement (Community Capital Corp /Sc/), Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 years.
Appears in 9 contracts
Samples: Continuation Agreement (Madison County Financial, Inc.), Continuation Agreement (Madison County Financial, Inc.), Salary Continuation Agreement (Madison County Financial, Inc.)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.
Appears in 9 contracts
Samples: Agreement (West Pointe Bancorp Inc), Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (Lake Ariel Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years239 additional months.
Appears in 8 contracts
Samples: Continuation Agreement (Ufh Capital Trust I), Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Southern Community Bancorp)
Payment of Benefit. The Company Bank shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.
Appears in 8 contracts
Samples: Continuation Agreement (Heritage Oaks Bancorp), Continuation Agreement (Heritage Oaks Bancorp), Continuation Agreement (Heritage Oaks Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.
Appears in 8 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit Date and continuing until a total of 179 additional monthly payments have been made to the Executive for a period of 15 yearsor to the Executive's beneficiary.
Appears in 7 contracts
Samples: Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (West Pointe Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 180 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 yearsAge.
Appears in 7 contracts
Samples: Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive’s beneficiary in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Datedeath, paying the annual benefit to the Executive Executive’s beneficiary for a period of 15 years.
Appears in 7 contracts
Samples: Elgin Financial Savings Bank Supplemental Executive Retirement Agreement (Efc Bancorp Inc), Elgin Financial Savings Bank Supplemental Executive Retirement Agreement (Efc Bancorp Inc), Elgin Financial Savings Bank Supplemental Executive Retirement Agreement (Efc Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 7 contracts
Samples: Continuation Agreement (Park National Corp /Oh/), Salary Continuation Agreement (Community Financial Corp /Va/), FSB Salary Continuation Agreement (Park National Corp /Oh/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 20 years, or as elected on the Election Form (Exhibit 2). The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.
Appears in 7 contracts
Samples: Compensation Agreement (North Valley Bancorp), Compensation Agreement (North Valley Bancorp), Rivers Bank Executive Deferred Compensation Agreement (North Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 20 years, or as elected on the Election Form (Exhibit 2). The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.
Appears in 7 contracts
Samples: Rivers Bank Executive Deferred Compensation Agreement (North Valley Bancorp), Compensation Agreement (North Valley Bancorp), Compensation Agreement (North Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 20 years. The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.
Appears in 7 contracts
Samples: Compensation Agreement (North Valley Bancorp), Compensation Agreement (North Valley Bancorp), Rivers Bank Executive Deferred Compensation Agreement (North Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years180 months.
Appears in 7 contracts
Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.
Appears in 6 contracts
Samples: Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 5 contracts
Samples: Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Southern Community Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 eighteen years.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with within 90 days after the month following date of the Executive’s Normal Retirement Date, paying the annual benefit to the Executive 's Termination of Employment and continuing for a period of 15 years179 additional months.
Appears in 5 contracts
Samples: Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 eighteen years.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 180 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 5 contracts
Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 5 contracts
Samples: Canyon National Bank (Canyon Bancorp), Continuation Agreement (Community Capital Corp /Sc/), Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.
Appears in 5 contracts
Samples: Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp), Continuation Agreement (Norwood Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 consecutive equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years239 additional months.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Community Banks Inc /Pa/), Salary Continuation Agreement (Community Banks Inc /Pa/), Salary Continuation Agreement (Community Banks Inc /Pa/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The Company shall pay this annual benefit to the Executive for a period of 15 years.
Appears in 5 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 consecutive equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years239 additional months.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Community Banks Inc /Pa/), Salary Continuation Agreement (Community Banks Inc /Pa/), Salary Continuation Agreement (Community Banks Inc /Pa/)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal and consecutive monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement DateDate and continuing for two hundred fifteen (215) additional months, paying the annual benefit to the Executive for a period total of 15 yearstwo hundred sixteen (216) monthly payments.
Appears in 4 contracts
Samples: Continuation Agreement (First South Bancorp Inc), First South Bank Salary Continuation Agreement (First South Bancorp Inc), Continuation Agreement (First South Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the . The Company shall pay this annual benefit to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal consecutive monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.. GREER STATE BANK Amended and Restated Salary Continuation Agreement
Appears in 4 contracts
Samples: Continuation Agreement (Greer Bancshares Inc), Employment Agreement (Greer Bancshares Inc), Employment Agreement (Greer Bancshares Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years239 additional months.
Appears in 4 contracts
Samples: Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Community Banks Inc /Pa/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty (20) years.
Appears in 4 contracts
Samples: Agreement (FNB Bancorp/Ca/), Continuation Agreement (Pacific State Bancorp), Agreement (FNB Bancorp/Ca/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s at Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying Age and continuing for 239 additional months or at the annual benefit to Company's option pay the Executive for a period Accrued Benefit set forth on Schedule "A" within sixty (60) days after the Executive's termination of 15 yearsemployment.
Appears in 4 contracts
Samples: Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Community Banks Inc /Pa/), Continuation Agreement (Community Banks Inc /Pa/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal and consecutive monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement DateDate and continuing for two hundred fifteen (215) additional months, paying the annual benefit to the Executive for a period total of 15 yearstwo hundred sixteen (216) monthly payments.
Appears in 4 contracts
Samples: First South Bank Salary Continuation Agreement (First South Bancorp Inc), Continuation Agreement (First South Bancorp Inc), Continuation Agreement (First South Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 4 contracts
Samples: Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Southern Community Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: New Peoples (New Peoples Bankshares Inc), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 4 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the first day of the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s attainment of Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 yearsAge.
Appears in 4 contracts
Samples: Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years60 days after said Termination of Employment and continuing for 179 months.
Appears in 4 contracts
Samples: Continuation Agreement (Fidelity Bancorp Inc), Continuation Agreement (Fidelity Bancorp Inc), Continuation Agreement (Fidelity Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The Company shall pay this annual benefit to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit in this Section 2.4 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.
Appears in 4 contracts
Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The annual benefit shall be paid to the Executive Executive's beneficiary for a period of 15 fifteen (15) years.
Appears in 3 contracts
Samples: Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit in this Section 2.3 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s at Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 3 contracts
Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty-one years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.
Appears in 3 contracts
Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 twenty-one years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)
Payment of Benefit. The Company shall pay the annual benefit determined under Section 2.3.1 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 17 years.
Appears in 3 contracts
Samples: Dollar Agreement (First California Financial Group, Inc.), Dollar Agreement (First California Financial Group, Inc.), Dollar Agreement (First California Financial Group, Inc.)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), New Peoples (New Peoples Bankshares Inc), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)
Payment of Benefit. The Company shall pay the annual benefit Normal Retirement Benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s installments. The annual Normal Retirement Date, paying the annual benefit Benefit shall be paid to the Executive for a period term of 15 fifteen (15) years.
Appears in 3 contracts
Samples: Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 3 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Executive attaining Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 ten (10) years.
Appears in 3 contracts
Samples: Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Valley Bank Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Deferred Compensation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive’s beneficiary in 12 equal monthly installments commencing with the month within one year following the Executive’s Normal Retirement Datedeath, paying the annual benefit to the Executive Executive’s beneficiary for a period of 15 years.
Appears in 3 contracts
Samples: Continuation Agreement (Madison County Financial, Inc.), Salary Continuation Agreement (Madison County Financial, Inc.), Continuation Agreement (Madison County Financial, Inc.)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal consecutive monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.. GREER STATE BANK Amended and Restated Salary Continuation Agreement
Appears in 3 contracts
Samples: Continuation Agreement (Greer Bancshares Inc), Employment Agreement (Greer Bancshares Inc), Continuation Agreement (Greer Bancshares Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Wesbanco Inc), Continuation Agreement (Wesbanco Inc), Continuation Agreement (Wesbanco Inc)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 (15) years.
Appears in 3 contracts
Samples: Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp.), Continuation Agreement (Tib Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 3 contracts
Samples: Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Orrstown Financial Services Inc), Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s 's attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty (20) years.
Appears in 3 contracts
Samples: Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 ten years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Continuation Agreement (Wesbanco Inc), Salary Continuation Agreement (Wesbanco Inc), Continuation Agreement (Wesbanco Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 3 contracts
Samples: Continuation Agreement (Lake Ariel Bancorp Inc), Continuation Agreement (Lake Ariel Bancorp Inc), Continuation Agreement (Lake Ariel Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Executive attaining Normal Retirement Date, paying the Age. The Company shall pay this annual benefit to the Executive for a period of 15 the greater of: a) 20 years; or b) the Executive's lifetime.
Appears in 3 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 ten years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years239 additional months.
Appears in 3 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Codorus Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Separation from Service. The Company shall pay this annual benefit to the Executive for a period of 15 years.
Appears in 3 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 twenty (20) years.
Appears in 3 contracts
Samples: Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/)
Payment of Benefit. The Company shall pay the annual retirement benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first day of the month following the Executive’s attainment of his Normal Retirement Date, paying the annual . The benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 3 contracts
Samples: Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 10 years.
Appears in 3 contracts
Samples: Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp), Continuation Agreement (FFW Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 yearstwo hundred thirty-nine (239) additional months.
Appears in 3 contracts
Samples: Summit National (Summit Financial Corp), Summit National (Summit Financial Corp), Summit National (Summit Financial Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 180 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 yearsAge.
Appears in 2 contracts
Samples: Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 2 contracts
Samples: Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Lake Ariel Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 2 contracts
Samples: Continuation Agreement (North Valley Bancorp), Dollar Agreement (North Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable to the Executive on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years.179 additional months
Appears in 2 contracts
Samples: Continuation Agreement (Fulton Bancshares Corp), Continuation Agreement (Fulton Bancshares Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive’s Beneficiary in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: FSB Salary Continuation Agreement (Park National Corp /Oh/), Continuation Agreement (Park National Corp /Oh/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 years20 years or lifetime, whichever is greater.
Appears in 2 contracts
Samples: Dollar Agreement (North Valley Bancorp), Continuation Agreement (North Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve equal monthly installments installments, commencing with on the first day of the month following the Executive’s 's Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 twenty (20) years.
Appears in 2 contracts
Samples: Valley Bank Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Deferred Compensation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Early Termination Date, paying the . The annual benefit shall be paid to the Executive for fifteen (15) years. The Board, in its sole discretion, may elect to pay this benefit in a period of 15 yearslump sum.
Appears in 2 contracts
Samples: Employment Agreement (United Bancshares Inc/Oh), Salary Continuation Agreement (United Bancshares Inc/Oh)
Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Sussex Bancorp), Continuation Agreement (West Pointe Bancorp Inc)
Payment of Benefit. The Company Employer shall pay the annual benefit amount to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal consecutive monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Employment Agreement (Greer Bancshares Inc), Employment Agreement (Greer Bancshares Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.of
Appears in 2 contracts
Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Community Financial Corp /Va/), Continuation Agreement (Heartland Bancshares Inc/Fl)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the Age. The Company shall pay this annual benefit to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Early Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Redwood Empire Bancorp), Salary Continuation Agreement (Redwood Empire Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable to the Executive on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.
Appears in 2 contracts
Samples: Continuation Agreement (Fulton Bancshares Corp), Continuation Agreement (Fulton Bancshares Corp)
Payment of Benefit. The Company Employer shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.
Appears in 2 contracts
Samples: Continuation Agreement (Heartland Bancshares Inc/Fl), Continuation Agreement (Heartland Bancshares Inc/Fl)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 20 years.
Appears in 2 contracts
Samples: Continuation Agreement (Ohio Valley Banc Corp), Continuation Agreement (Ohio Valley Banc Corp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 twenty (20) years.
Appears in 2 contracts
Samples: Agreement (Oak Valley Bancorp), Agreement (Oak Valley Bancorp)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 years.
Appears in 2 contracts
Samples: New Peoples (New Peoples Bankshares Inc), Agreement (New Peoples Bankshares Inc)
Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Separation from Service. The Company shall pay this annual benefit to the Executive for a period of 15 years.
Appears in 2 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
