Common use of Director Emeritus Benefit Clause in Contracts

Director Emeritus Benefit. Upon Termination of Service on or after age 65, provided the Director has 10 or more years of continuous service at the date of termination and is willing to provide the ongoing services described in Section 2.1.3, the Bank shall pay to the Director the benefit described in this Section 2.1.

Appears in 3 contracts

Samples: Riverview National Bank (Riverview Financial Corp), Riverview Bank (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp)

AutoNDA by SimpleDocs

Director Emeritus Benefit. Upon Termination of Service on or after age 65, provided the Director has 10 or more years of continuous service at the date of termination and is willing to provide the ongoing services described in Section 2.1.3, the Bank shall pay to the Director the benefit described in this Section 2.12.1 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Riverview National Bank (Riverview Financial Corp), Riverview National Bank (Riverview Financial Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.