Common use of Employee Retirement Plans Clause in Contracts

Employee Retirement Plans. In addition to the benefits provided herein, to the extent permitted by the applicable plan, the Executive will be entitled to continue to participate, consistent with past practices, in all employee retirement plans maintained by the Company in effect as of the date of the termination of his employment. The Executive's participation in such retirement plans shall continue for a period of sixty (60) months from the date of the termination of his employment (at which point he will be considered to have terminated employment within the meaning of the plans) and the compensation payable to the Executive under (i) and (ii) above shall be treated (unless otherwise excluded) as compensation under such plans. If continued participation in any plan is not permitted or if any such plan does not continue to exist, the Company shall pay to the Executive and, if applicable, his designated beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in the plan) of the excess of (i) the benefit the Executive would have been paid under such plan if he had continued to be covered for the 36-month period (less any amounts he would have been required to contribute) with assumed earnings calculated at eight percent (8%) per annum, over (ii) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum.

Employee Retirement Plans. In addition to the benefits provided herein, to To the extent permitted by the applicable ------------------------- plan, the Executive will be entitled to continue to participate, consistent with past practices, in all employee retirement plans maintained by the Company in Corporation In effect as of the his date of termination, including, to the termination extent such plan is still maintained by the Corporation, The Bank Corporation of his employmentGeorgia Employees' Retirement Plan. The Executive's participation in such retirement plans shall continue for a period of sixty thirty-six (6036) months from the his date of the termination of his employment (at which point he will be considered to have terminated employment within the meaning of the plansplan) and the compensation payable to the Executive under (ia) and (iib) above shall be treated (unless otherwise excluded) as compensation under such plansthe plan. If continued participation in any plan is not permitted or if any such plan does not continue to existpermitted, the Company Corporation shall pay to the Executive and, if applicable, applicable his designated beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in the plan) Present Value of the excess of (iI) the benefit the Executive would have been paid under such plan if he had continued to be covered for the 36-month period (less any amounts he would have been required to contribute) with assumed earnings calculated at eight percent (8%) per annum), over (ii) the benefit actually payable under such plan. The Company Corporation shall pay such additional benefits (if any) in a lump sumsum or in a series of cash payments, whichever coincides with the payment of benefits under such plan.

Employee Retirement Plans. In addition to the benefits provided herein, to To the extent permitted by the applicable plan, the Executive will be entitled to continue to participate, consistent with past practices, in all employee retirement and deferred compensation plans maintained by the Company in effect as of the his date of termination, including, to the termination of his employmentextent such plans are still maintained by the Company, the Blouxx Xxxirement Plan, the Blouxx 000(k) Plan, the Blouxx Xxxess 401(k) Plan, the SERP and the Executive SERP. The Executive's participation in such retirement plans shall continue for a period of sixty (60) months from the date of the termination of his employment (at which point he will be considered to have terminated employment within the meaning of the plans) Severance Period and the compensation payable to the Executive under (ia) and (iib) above shall be treated (unless otherwise excluded) as compensation under the plan as if it were paid on a monthly basis. For purposes of the Blouxx 000(k) Plan and the Blouxx Xxxess 401(k) Plan, he will receive an amount equal to the Company's contributions to the plan, assuming Executive had participated in such plansplan at the maximum permissible contributions level. If continued participation in any plan is not permitted by the plan or if any such plan does not continue to existby applicable law, the Company shall pay to the Executive andor, if applicable, his designated beneficiary, beneficiary a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in the plan) of the excess of (i) the benefit the Executive would have been paid under such plan if he had continued to be covered for the 36-month period (less any amounts he would have been required to contribute) with assumed earnings calculated at eight percent (8%) per annum, over (ii) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum.of

Employee Retirement Plans. In addition to the benefits provided herein, to the extent permitted by the applicable plan, the Executive will be entitled to continue to participate, consistent with past practices, in all employee retirement plans plans, maintained by the Company in effect as of the effective date of the termination of his employment. The Executive's participation in such retirement plans shall continue for a period of sixty thirty-six (6036) months from the effective date of the termination of his employment (at which point he will be considered to have terminated employment within the meaning of the plans) and the compensation payable to the Executive under (i) and (ii) above shall be treated (unless otherwise excluded) as compensation under such plans. If continued participation in any plan is not permitted or if any such plan does not continue to exist, the Company shall pay to the Executive and, if applicable, his designated beneficiary, a supplemental benefit equal to the present value on the effective date of termination of employment (calculated as provided in the plan) of the excess of (iA) the benefit the Executive would have been paid under such plan if he had continued to be covered for the 36-month period (less any amounts he would have been required to contribute) with assumed earnings calculated at eight percent (8%) per annum, over (ii) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum.at