Common use of Benefit Amount Clause in Contracts

Benefit Amount. A. If Disability Occurs on or Before December 31, 2026. In the event Executive becomes Disabled on or before December 31, 2026, then Executive shall be entitled to receive an amount equal to the ALB as of the date of Disability, plus the amount of all projected Annual Contribution Amounts expected to be included in the ALB had Executive not become Disabled until December 31, 2026. This calculation shall be made assuming that remaining Annual Contribution Amounts through December 31, 2026 are equal to the amounts the Bank would have made assuming a performance level for each remaining Service Period equal to the average performance level for the three (3) year period preceding Executive’s Disability. In addition, this ALB amount shall be credited with interest as though the Annual Contributions had been made on the same annual schedule they would have been made had there been no Disability until December 31,2026 and applying the Accrued Liability Balance Interest Rate from the date of Disability through December 31, 2026. B. If Disability Occurs After December 31, 2026. In the event Executive becomes Disabled after December 31, 2026, then Executive shall receive the ALB.

Benefit Amount. A. If Disability Occurs on or Before December 31, 20262023. In the event Executive becomes Disabled on or before December 31, 20262023, then Executive shall be entitled to receive an amount equal to the ALB as of the date of Disability, plus the amount of all projected Annual Contribution Amounts expected to be included in the ALB had Executive not become Disabled until December 31, 20262023. This calculation shall be made assuming that remaining Annual Contribution Amounts through December 31, 2026 2023 are equal to the amounts the Bank would have made assuming a performance level for each remaining Service Period equal to the average performance level for the three (3) year period preceding Executive’s Disability. In addition, this ALB amount shall be credited with interest as though the Annual Contributions had been made on the same annual schedule they would have been made had there been no Disability until December 31,2026 31, 2023 and applying the Accrued Liability Balance Interest Rate from the date of Disability through December 31, 20262023. B. If Disability Occurs After December 31, 20262023. In the event Executive becomes Disabled after December 31, 20262023, then Executive shall receive the ALB.

Benefit Amount. ​ A. If Disability Occurs on or Before December 31, 20262023. In the event Executive becomes Disabled on or before December 31, 20262023, then Executive shall be entitled to receive an amount equal to the ALB as of the date of Disability, plus the amount of all projected Annual Contribution Amounts expected to be included in the ALB had Executive not become Disabled until December 31, 20262023. This calculation shall be made assuming that remaining Annual Contribution Amounts through December 31, 2026 2023 are equal to the amounts the Bank would have made assuming a performance level for each remaining Service Period equal to the average performance level for the three (3) year period preceding Executive’s Disability. In addition, this ALB amount shall be credited with interest as though the Annual Contributions had been made on the same annual schedule they would have been made had there been no Disability until December 31,2026 31, 2023 and applying the Accrued Liability Balance Interest Rate from the date of Disability through December 31, 2026.2023. ​ B. If Disability Occurs After December 31, 20262023. In the event Executive becomes Disabled after December 31, 20262023, then Executive shall receive the ALB.. ​