Vesting of Awards. For purposes of this Section 4.3, Incentive Awards will vest 20% upon declaration of the Award and 20% per year thereafter from the date the award was declared. Payment of Benefit. The Company shall pay the benefit to the Director in a single lump sum within 60 days after Termination of Service.
Appears in 10 contracts
Samples: Retirement Agreement (First Litchfield Financial Corp), Retirement Agreement (First Litchfield Financial Corp), Retirement Agreement (First Litchfield Financial Corp)