Common use of Benefit Adjustments Clause in Contracts

Benefit Adjustments. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Bank's Board of Trustees, in its sole and absolute discretion, may increase the benefit due hereunder; however, any increase in the such benefit due hereunder shall require the recalculation of all the amounts on Schedule A attached hereto. Such revision shall not require the consent of the Executive.

Benefit Adjustments. Commencing on the first anniversary of the first benefit paymentpayment pursuant to the terms hereof, and continuing on each subsequent anniversary, the Bank's Board of Trustees, in its sole and absolute discretion, may increase the benefit due hereunder; however, any increase in the such benefit due hereunder shall require the recalculation of all the amounts on Schedule A attached hereto. Such revision shall not require the consent of the ExecutiveTrustee.