Common use of Distribution of Benefit Clause in Contracts

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) days following Separation from Service.

Appears in 16 contracts

Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)

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Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty thirty (6030) days following Separation from Service.

Appears in 12 contracts

Samples: Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp)

Distribution of Benefit. The Bank shall distribute the benefit Accrued Benefit under this Section 2.2 to the Executive in a lump sum payment. Such payment shall be made to the Executive within sixty (60) days following after his Separation from Service.

Appears in 6 contracts

Samples: Ottawa Savings Bank Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.), Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.), Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) 90 days following Separation from Service.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty ninety (6090) days following Separation from Service.

Appears in 5 contracts

Samples: Continuation Agreement (Bank of the James Financial Group Inc), Continuation Agreement (Broadway Financial Corp \De\), Salary Continuation Agreement (Bank of the James Financial Group Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty ninety (6090) days following the Executive’s Separation from Service.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Bank of the James Financial Group Inc), Salary Continuation Agreement (Bank of the James Financial Group Inc)

Distribution of Benefit. The Bank shall distribute the benefit ----------------------- to the Executive in a lump sum within sixty one hundred eighty (60180) days following Separation from Service.

Appears in 2 contracts

Samples: Pacific Premier (Pacific Premier Bancorp Inc), Pacific Premier (Pacific Premier Bancorp Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty thirty (6030) days following Separation from Service.. Bank of the Cascades Supplemental Employee Retirement Plan

Appears in 1 contract

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) days following Separation from Service.. THE STATE BANK Supplemental Executive Retirement Agreement

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

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Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) days following Separation from Service, subject to Section 2.6 of this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Mutualfirst Financial Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty thirty (6030) days following Separation from Serviceof Service due to Disability.

Appears in 1 contract

Samples: Salary Continuation Agreement (Sierra Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) days following the Separation from Service.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty thirty (6030) days following the Separation from Service.

Appears in 1 contract

Samples: Continuation Agreement (Service 1st Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump sum within sixty (60) 30 days following Separation from Service.

Appears in 1 contract

Samples: Salary Continuation Agreement (Camco Financial Corp)

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