Early Voluntary Termination Benefit. If Early Voluntary Termination occurs, the Corporation shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.
Early Voluntary Termination Benefit. Upon the Executive’s Early Voluntary Termination, the Executive shall not be entitled to a benefit under this Agreement
Early Voluntary Termination Benefit. If Early Voluntary Termination occurs, the Employer shall pay the Executive the vested portion of the Deferral Account balance. This benefit shall be paid in quarterly installments between 2 years and 10 years, at the selection of the Executive, and shall commence the first day of the immediately subsequent quarter following Separation from Service. During the payment period, interest shall be credited on the unpaid portion of the Deferral Account balance as described in Section 3.1(b)(ii). The quarterly payments shall be amortized in such a way so as to produce equal payments over the remaining payment period. This will require quarterly reamortization for changes in the Crediting Rate.
Early Voluntary Termination Benefit. There is no Early Voluntary Termination Benefit under this Agreement.
Early Voluntary Termination Benefit. The Company shall not pay an Early Voluntary Termination Benefit under this Agreement.
Early Voluntary Termination Benefit. If Early Voluntary Termination occurs, neither the Executive nor the Beneficiary shall be due any benefit hereunder and the Employer’s obligations under this Agreement shall terminate.
Early Voluntary Termination Benefit. If the Executive experiences Early Voluntary Termination prior to age 63, the Bank shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.
Early Voluntary Termination Benefit. Upon an Early Voluntary Termination prior to the Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Plan.
Early Voluntary Termination Benefit. If Early Voluntary Termination occurs, the Bank shall pay the Director an annual benefit in the amount shown on the table below in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Benefit Age and continuing for ten (10) years. Before 2017 $ 0 2018 $ 300 2019 $ 450 2020 $ 600 2021 $ 750 2022 $ 900 2024 $ 1,050 January 1, 2025 to April 30, 2025 $ 1,200 May 1, 2025 or later $ 12,000
Early Voluntary Termination Benefit. If Early Voluntary Termination occurs, the Employer shall pay the Executive the Deferral Account balance in lieu of any other benefit hereunder. This benefit shall be paid in one hundred eighty (180) consecutive equal monthly installments commencing the month following Normal Retirement Age. During the period between Separation from Service and Normal Retirement Age, no interest shall be credited on the Deferral Account balance. During the payout period, the Deferral Account balance shall be credited with interest at the Distribution Period Crediting Rate in accordance with Section 3.1(b)(ii) hereof, and each Plan Year during the payout period, the installments for such Plan Year shall be re-amortized based on the value of the Deferral Account balance as of the last day of the preceding Plan Year and the remaining number of monthly installments.
