Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the annual benefit will be increased by the Consumer Price Index.
Appears in 3 contracts
Samples: Continuation Agreement (Floridian Financial Group Inc), Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Southern Community Bancorp)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the annual benefit will be increased shall increase by the Consumer Price Index.
Appears in 1 contract
Samples: Continuation Agreement (Peoples Bancorporation Inc /Sc/)
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors shall increase the annual benefit will be increased by the Consumer Price Index.
Appears in 1 contract
Samples: Peoples National Bank (Peoples Bancorporation Inc /Sc/)
