Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete termination, the Agreement shall cease to operate and the Bank shall pay the Executive his Account as if he had terminated service as of the effective date of the complete termination. Such complete termination of the Agreement shall occur only under the following circumstances and conditions.
Appears in 22 contracts
Samples: Supplemental Retirement Agreement (Atlantic Coast Financial CORP), Supplemental Retirement Agreement (Atlantic Coast Financial CORP), Supplemental Retirement Agreement (Atlantic Coast Financial CORP)
Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete terminationtermination of the Plan, the Agreement Plan shall cease to operate and the Bank shall pay the out to Executive his Account benefits as if he Executive had terminated service employment as of the effective date of the complete termination. Such A complete termination of the Agreement Plan shall occur only under the following circumstances and conditions.:
Appears in 8 contracts
Samples: Continuation Agreement (BV Financial, Inc.), Continuation Agreement (BV Financial, Inc.), Continuation Agreement (First Seacoast Bancorp)
Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete termination, the Agreement shall cease to operate and the Bank shall pay the Executive his Account any benefits owed hereunder as if he had terminated service a cash lump sum as of the effective date of the complete termination. Such complete termination of the Agreement shall occur only under the following circumstances and conditions.
Appears in 6 contracts
Samples: Change in Control Agreement (First Federal Bankshares Inc), Change in Control Agreement (First Federal Bankshares Inc), Change in Control Agreement (First Federal Bankshares Inc)
Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete terminationtermination of the Plan, the Agreement Plan shall cease to operate and the Bank shall pay the out to Executive his Account benefit as if he Executive had terminated service employment as of the effective date of the complete termination. Such complete termination of the Agreement Plan shall occur only under the following circumstances and conditions.:
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (First National Corp /Va/), Supplemental Executive Retirement Plan (Citizens Bancshares Corp /Ga/)
Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete terminationtermination of the Agreement, the Agreement shall will cease to operate and the Bank shall will pay out to the Executive his Account benefits as if he had terminated service as of the effective date of the complete terminationExecutive. Such A complete termination of the Agreement shall may occur only under the following circumstances and conditions.:
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (Blue Foundry Bancorp)
Complete Termination. Subject to the requirements of Code Section 409A, in the event of complete terminationtermination of the Agreement, the Agreement shall cease to operate and the Bank shall pay out to the Executive his Account benefit as if he had terminated service as of the effective date of the complete terminationset forth below. Such complete termination of the Agreement shall occur only under the following circumstances and conditions.:
Appears in 1 contract
