Cash Payments and Benefits. (i) Subject to the satisfaction of the conditions specified below in Paragraph 8, in the event of a Termination of Employment of Executive as a Retired Early Employee, Arrow or the Bank shall, commencing on the applicable payment date specified in Paragraph 8 and continuing throughout the Pay-out Period, make equal monthly payments to the Executive (which shall not be deemed Base Salary payments) in an amount such that the present value of
Appears in 4 contracts
Samples: Employment Agreement (Arrow Financial Corp), Employment Agreement Employment Agreement (Arrow Financial Corp), Employment Agreement Employment Agreement (Arrow Financial Corp)
Cash Payments and Benefits. (i) Subject to the satisfaction of the conditions specified below in Paragraph 8, in the event of a Termination of Employment of Executive as a Retired Early Employee, Arrow or the Bank Banks shall, commencing on the applicable payment date specified in Paragraph 8 and continuing throughout the Pay-out Period, make equal monthly payments to the Executive (which shall not be deemed Base Salary payments) in an amount such that the present value of
Appears in 1 contract
Samples: Employment Agreement Employment Agreement (Arrow Financial Corp)
