Common use of Form and Timing of Benefit Clause in Contracts

Form and Timing of Benefit. Subject to Section 2.6, the Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Separation from Service. The annual benefit shall be distributed to the Executive for twenty (20) years.

Form and Timing of Benefit. Subject to Section 2.6, the Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Separation from Servicedate of Disability. The annual benefit shall be distributed to the Executive for twenty (20) yearsyears (240 months).

Form and Timing of Benefit. Subject to Section 2.6, the Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Separation from Service. The annual benefit shall be distributed to the Executive for twenty (20) yearsyears (240 months).

Form and Timing of Benefit. Subject to Section 2.6, the Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Executive’s Separation from Service. The annual benefit shall be distributed paid to the Executive for twenty (20) yearsyears (240 months).

Form and Timing of Benefit. Subject to Section 2.6, the The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Separation from ServiceExecutive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for twenty fifteen (2015) years.

Form and Timing of Benefit. Subject to Section 2.6, the Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Executive’s Separation from Service. The annual benefit shall be distributed to the Executive for twenty (20) years.

Form and Timing of Benefit. Subject to Section 2.6, the The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments, commencing on the first day of the month following the Separation from ServiceExecutive’s Normal Retirement Age. The annual benefit shall be distributed to the Executive for twenty (20) years.