Common use of Annual Normal Retirement Benefit Clause in Contracts

Annual Normal Retirement Benefit. If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Bank from the Effective Date of this Agreement until Normal Retirement Age, the Bank shall pay to the Director the benefit described in this Section 3.1 in lieu of any other benefit under this Agreement.

Annual Normal Retirement Benefit. If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Bank or ESB Financial from the Effective Date of this Agreement until Normal Retirement Age, the Bank Corporation shall pay to the Director the benefit described in this Section 3.1 in lieu of any other benefit under this Agreement.

Annual Normal Retirement Benefit. If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Bank or ESB Financial from the Effective Date of this Agreement until Normal Retirement Age, the Bank Corporation shall pay to the Director the benefit described in this Section 3.1 in lieu of any other benefit under this Agreement.

Annual Normal Retirement Benefit. If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Corporation or the Bank from the Effective Date of this Agreement until Normal Retirement Age, the Bank shall pay to the Director the benefit described in this Section 3.1 2.1 in lieu of any other benefit under this Agreement.