Common use of Early Retirement Benefit Clause in Contracts

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement Age, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this Agreement.

Appears in 10 contracts

Samples: Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

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Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company Bank shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Federal Trust Corp), Salary Continuation Agreement (Federal Trust Corp), Salary Continuation Agreement (Federal Trust Corp)

Early Retirement Benefit. If the Executive terminates employment on or after qualifies and elects to retire at the Early Retirement Age and before the Normal Retirement Age, and for reasons other than death or DisabilityTermination Date, the Company shall pay to the Executive the benefit described in this 4.2 section 2.2 in lieu of any other benefit under this Agreement.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company Bank shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 6 contracts

Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement AgeDate, and for reasons other than death Death or Disability, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company Bank shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement (Southbanc Shares Inc), Supplemental Executive Retirement Agreement (Southbanc Shares Inc), Supplemental Executive Retirement Agreement (Southbanc Shares Inc)

Early Retirement Benefit. If there is a Termination of Employment of the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement Age, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

Appears in 4 contracts

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Federal Trust Corp), Salary Continuation Agreement (Federal Trust Corp), Salary Continuation Plan (Camco Financial Corp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 4.2.

Appears in 2 contracts

Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc), Deferred Compensation Agreement (Lawrence Financial Holdings Inc)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement Age, Date and for reasons other than death death, Disability or DisabilityInvoluntary Early Termination, the Company shall pay to the Executive the benefit described in this 4.2 Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

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

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before prior to the Normal Retirement AgeDate, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 4.2.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.)

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Early Retirement Benefit. If the Executive terminates employment Termination of Executive's Employment occurs on or after the Early Retirement Age and Date but before the Normal Retirement Age, and for reasons other than death or DisabilityDate, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Southside Bancshares Corp), Salary Continuation Agreement (Southside Bancshares Corp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement AgeDate, and for reasons other than death or Disabilitydeath, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.

Appears in 2 contracts

Samples: Salary Continuation Agreement (City National Bancshares Corp), Salary Continuation Agreement (City National Bancshares Corp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement AgeDate, and for reasons other than death death, Change in Control or Disability, the Company shall pay to the Executive the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Hf Financial Corp)

Early Retirement Benefit. If the Executive terminates employment on or after prior to the Early Retirement Age and before the Normal Retirement Age, and normal retirement age for reasons other than death or Disabilitydisability, the Company shall may pay an early Retirement Benefit prior to the Executive normal retirement date equal to the benefit described in this 4.2 in lieu deferral account balance. This early payment is at the sole and absolute discretion of any other benefit under this Agreementthe Board of Directors.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Cerritos Valley Bancorp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and before the Normal Retirement AgeDate, and for reasons other than death or Disabilityfollowing a Change of Control, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Acnb Corp)

Early Retirement Benefit. If the Executive terminates employment on or after the Early Retirement Age and Date but before the Normal Retirement Age, and for reasons other than death or DisabilityDate, the Company shall pay to the Executive the benefit described in this 4.2 in lieu of any other benefit under this AgreementSection 2.2.

Appears in 1 contract

Samples: Salary Continuation Agreement (United Financial Corp \Mn\)

Early Retirement Benefit. If the Executive Executive's employment terminates employment on or after the Early Retirement Age and before the Normal Retirement Age, and Age for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Phantom Stock Agreement (CNB Corp /Sc/)

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