Benefit Adjustment. At the time of any Hardship Distribution, the vested Annual Benefit shall be reduced by the amount of the Hardship Distribution and the benefits to be paid under Articles 3, 4, 5 or 6 hereof shall reflect such reduced amount.
Appears in 4 contracts
Samples: Executive Salary Continuation Agreement, Executive Salary Continuation Agreement (Plumas Bancorp), Executive Salary Continuation Agreement (Plumas Bancorp)
