Common use of Annual Normal Benefit Clause in Contracts

Annual Normal Benefit. If the Trustee remains in continuous service as a member of the Board of Trustees of the Bank from the Effective Date of this Agreement until Normal Benefit Age and has met the Years of Service Requirement, the Bank shall pay to the Trustee the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

Appears in 4 contracts

Samples: Trustee Deferred Compensation Agreement (Laurel Capital Group Inc), Trustee Deferred Compensation Agreement (Laurel Capital Group Inc), Trustee Deferred Compensation Agreement (Laurel Capital Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!