Common use of Effect on Pension Rights Clause in Contracts

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualified), assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualifiednon-qualified), assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1subparagraph 10.1, the Employee shall accrue an additional, fully vested benefit under the CompanyBank’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension non-qualified plan and shall be determined subject in all respects pursuant to the terms of the applicable tax-qualified defined benefit pension plan(s)plan) equal to the difference between: (a) the benefit that the Employee would have accrued under all tax-qualified defined benefit pension plans of the Company or its Company, the Bank and their Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualified)Control, assuming: (i) the Employee remained continuously employed by the Company Bank until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such tax-qualified defined benefit pension plan plans increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(isubparagraph 11.1.3(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all tax-qualified defined benefit pension plans of the Company Company, the Bank and its their Affiliates in which the Employee participated immediately prior to the Change in Controlparticipated.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualifiednon-qualified), assuming: (i) the Employee remained continuously employed by the Company until the third fifth anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.110.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualifiednon-qualified), assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i11.1.3(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualified), assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.17.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between: (a) the benefit that the Employee would have accrued under all defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualified), assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such defined benefit pension plan increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(i8.1.2(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Control.

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1subparagraph 10.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension non-qualified plan and shall be determined subject in all respects pursuant to the terms of the applicable tax-qualified defined benefit pension plan(s)plan) equal to the difference between: (a) the benefit that the Employee would have accrued under all tax-qualified defined benefit pension plans of the Company or its Affiliates in which the Employee participated immediately prior to the Change in Control (whether tax qualified or nonqualified)Control, assuming: (i) the Employee remained continuously employed by the Company until the third anniversary of the Change in Control, (ii) the Employee’s compensation for purposes of calculating benefits under such tax-qualified defined benefit pension plan plans increased at a rate of four percent per year for the period of imputed service described above in Subparagraph 7.1.2(a)(isubparagraph 11.1.3(a)(i), and (iii) the terms of all such defined benefit pension plans remained identical to those in effect immediately prior to the Change in Control; and (b) the actual benefit due to the Employee under all tax-qualified defined benefit pension plans of the Company and its Affiliates in which the Employee participated immediately prior to the Change in Controlparticipated.