Common use of Grant of Salary Continuation Benefits Clause in Contracts

Grant of Salary Continuation Benefits. Pursuant to the action of the Board of Directors or the Compensation Committee, as the case may be, the Bank hereby grants to the Participant the salary continuation benefits set forth in subsections 1(a) through (g) hereof. For purposes of this Agreement, “Full Years of Employment With the Bank Completed” shall have the same meaning as set forth in the Plan.