Common use of Executive Benefits Payments Clause in Contracts

Executive Benefits Payments. The Executive shall be entitled to payment of the Applicable Percentage of (i) the balance in the Benefit Account in installments upon the terms as specified in the Agreement, and (ii) the Index Benefit for each Plan Year payable in installments until the Executive's death. SCHEDULE C BENEFICIARY DESIGNATION To the Administrator of the Heritage Bank of Commerce Executive Indexed Compensation Benefits Agreement: Pursuant to the Provisions of my Executive Indexed Compensation Benefits Agreement with Heritage Bank of Commerce, permitting the designation of a beneficiary or beneficiaries by a participant, I hereby designate the following persons and entities as primary and secondary beneficiaries of any benefit under said Agreement payable by reason of my death:

Executive Benefits Payments. The Executive shall be entitled to payment of the Applicable Percentage of (i) the balance in the Benefit Account in installments upon the terms as specified in the Agreement, and (ii) the Index Benefit for each Plan Year payable in installments until the Executive's death. SCHEDULE C BENEFICIARY DESIGNATION To the Administrator of the Heritage Bank of Commerce Executive Indexed Stocxxxxx Xxxcutive Supplemental Compensation Benefits Agreement: Pursuant to the Provisions of my Executive Indexed Supplemental Compensation Benefits Agreement with Heritage Bank of CommerceStocxxxxx, permitting xxrmitting the designation of a beneficiary or beneficiaries by a participant, I hereby designate the following persons and entities as primary and secondary beneficiaries of any benefit under said Agreement payable by reason of my death:: PRIMARY BENEFICIARY: ---------------------- ----------------------- -------------------------- Name Address Relationship