Domestic Relations Orders. The Bank shall fulfill any Domestic Relations Order which the Executive presents to the Plan Administrator. The maximum amount which may be paid out pursuant to this Section 2.8 is the Account Value balance as of the day a Domestic Relations Order is presented. At the time the Bank fulfills a Domestic Relations Order, the Account Value balance shall be reduced by the amount paid to fulfill the Domestic Relations Order, and the benefits to be paid under Sections 2.1, 2.2, 2.3 or 2.4 or Article 3 hereof shall reflect such reduced amount.
Appears in 7 contracts
Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)
Domestic Relations Orders. The Bank shall fulfill any Domestic Relations Order which the Executive presents to the Plan Administrator. The maximum amount which may be paid out pursuant to this Section 2.8 4.11 is the Account Value balance as of the day a Domestic Relations Order is presented. At the time the Bank fulfills a Domestic Relations Order, the Account Value balance shall be reduced by the amount paid to fulfill the Domestic Relations Order, Order and the benefits to be paid under Sections 2.1, 2.2, 2.3 2.3, 2.4 or 2.4 2.5 or Article 3 hereof shall reflect such reduced amount.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Cascade Bancorp)
