Common use of Disability Benefit Clause in Contracts

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)

AutoNDA by SimpleDocs

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Bank shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 8 contracts

Samples: Continuation Agreement (First Community Corp /Sc/), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Continuation Agreement (Regional Bankshares Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Corporation shall distribute to the Executive the benefit described in this Section 2.3 2.5 in lieu of any other benefit under this Article.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement AgeAge which results in Separation from Service, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Tib Financial Corp.)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 3 contracts

Samples: Continuation Agreement (Ohio Valley Banc Corp), Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement AgeAge while in the active service of the Company, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Corporation shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Executive shall distribute be entitled to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 2.4 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (First Keystone Corp), Salary Continuation Agreement (First Keystone Corp)

Disability Benefit. If Upon the Executive experiences a Disability which results in a Executive’s Separation from Service prior due to a Disability before reaching Normal Retirement Age, the Company Executive shall distribute be eligible to the Executive receive the benefit described in this Section 2.3 in lieu of any other benefit under this ArticleAgreement.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Fraternity Community Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Fraternity Community Bancorp Inc)

Disability Benefit. If the Executive experiences a Executive's Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (West Pointe Bancorp Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute (or commence to distribute) to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Nexity Financial Corp), Salary Continuation Agreement (Nexity Financial Corp)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service Termination of Employment prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Ohio Valley Banc Corp), Continuation Agreement (Ohio Valley Banc Corp)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Corporation shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

AutoNDA by SimpleDocs

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company Bank shall distribute to the Executive the benefit described in this Section 2.3 2.2 in lieu of any other benefit under this Article.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.), Supplemental Executive Retirement Agreement (Home Federal Bancorp)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Continuation Agreement (Synovus Financial Corp)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement AgeService, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Continuation Agreement (Floridian Financial Group Inc)

Disability Benefit. If the Executive experiences a Executive’s Disability which results in a Separation from Service prior to Normal Retirement Agethe Executive’s attainment of age 65, the Company shall distribute to the Executive the benefit earned as of the date of Executive’s Separation from Service as described in this Section 2.3 2.3.1 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Retirement Agreement (Fentura Financial Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute pay to the Executive the benefit described in this Section 2.3 4.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Mercantile Bank Corp)

Disability Benefit. If the Executive experiences a Executive's Disability which results in a the Executive's Separation from Service prior to Normal Retirement Age, the Company shall distribute pay to the Executive the benefit described in this Section 2.3 4.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Compensation Agreement (Ohio Valley Banc Corp)

Disability Benefit. If the Executive experiences a Executive’s Disability which results in a Separation from Service prior to Normal Retirement Agethe end of the Executive’s fifth consecutive Year of Participation, the Company shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Executive Bonus Agreement (NSB Holdings, Inc.)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute to the Executive the benefit described in this Section 2.3 3.3 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Centerstate Banks of Florida Inc)

Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Early Retirement Age, the Company Bank shall distribute to the Executive the benefit described in this Section 2.3 2.4 in lieu of any other benefit under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (River Valley Bancorp)

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