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Common use of Hardship Distribution Clause in Contracts

Hardship Distribution. The Company may make a hardship distribution under the circumstances described in Section 8.11.1 below. Any such distribution shall require the adjustment described in Section 8.11.2 to any amounts to be paid under Sections 2.1, 2.2, 2.3 or 2.4 or Article 3.

Appears in 18 contracts

Samples: Director Retirement Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)

Hardship Distribution. The Company may make a hardship distribution under the circumstances described in Section 8.11.1 2.4.1 below. Any such distribution shall require the adjustment described in Section 8.11.2 2.4.2 to any amounts to be paid under Sections 2.1, 2.2, 2.2 or 2.3 or 2.4 or Article 3.

Appears in 7 contracts

Samples: Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)

Hardship Distribution. The Company may make a hardship distribution under the circumstances described in Section 8.11.1 2.8.1 below. Any such distribution shall require the adjustment described in Section 8.11.2 2.8.2 to any amounts to be paid under Sections 2.1, 2.2, 2.3 Article 2 or 2.4 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (First South Bancorp Inc), Salary Continuation Agreement (First South Bancorp Inc)