Common use of Early Retirement or Termination Clause in Contracts

Early Retirement or Termination. a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty (60), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 50% 61 60% 62 70% 63 80% 64 90% 65 100%

Early Retirement or Termination. a.a. If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-five (6065), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 50% 61 60% 62 70% 63 80% 64 90% 65 100%

Early Retirement or Termination. a.a. If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty (60), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 50% 61 60% 62 70% 63 80% 64 90% 65 100%

Early Retirement or Termination. a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-five (6065), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 65 50% 61 66 60% 62 67 70% 63 68 80% 64 69 90% 65 70 100%

Early Retirement or Termination. a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-two (6062), but prior to attaining Normal Retirement Age, and the Employee had been actively employed by the Bank for at least ten (10) years, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 62 50% 61 63 60% 62 70% 63 64 80% 64 90% 65 100%

Early Retirement or Termination. a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-five (6065), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 50% 61 60% 62 70% 63 80% 64 90% 65 100%

Early Retirement or Termination. a.a. If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-two (6062), but prior to attaining Normal Retirement Age, and the Employee had been actively employed by the Bank for at least ten (10) years, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 62 50% 61 63 60% 62 70% 63 64 80% 64 90% 65 100%

Early Retirement or Termination. a.a. If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty sixty-five (6065), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 65 50% 61 66 60% 62 67 70% 63 68 80% 64 69 90% 65 70 100%

Early Retirement or Termination. a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty-sixty (6066), but prior to attaining Normal Retirement Age, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years: Age of Employee on Effective Date of Early Retirement or Termination % of Normal Retirement Supplemental Pension 60 67 50% 61 68 60% 62 70% 63 69 80% 64 90% 65 70 100%