Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph I (H)] for that Plan Year.
Appears in 7 contracts
Samples: Agreement (Midsouth Bancorp Inc), Supplemental Retirement Plan Agreement (Merrill Merchants Bancshares Inc), Continuation Plan Agreement (Flag Financial Corp)
Index Retirement Benefit. The “Index Retirement Benefit Benefit” for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (G)] for that Plan Year over less the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Year.
Appears in 5 contracts
Samples: Executive Salary Continuation Agreement (Peoples Bancorp of North Carolina Inc), Executive Salary Continuation Agreement (Peoples Bancorp of North Carolina Inc), Executive Salary Continuation Agreement (Peoples Bancorp of North Carolina Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by of the Index [subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph I (H)] for that Plan YearYear divided by a factor equal to 1.06 minus the marginal tax rate.
Appears in 4 contracts
Samples: Executive Supplemental Retirement Plan (Cn Bancorp Inc), Executive Supplemental Retirement Plan (Cn Bancorp Inc), Executive Supplemental Retirement Plan (Cn Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year, divided by a factor equal to 1.10 minus the marginal tax rate.
Appears in 4 contracts
Samples: Supplemental Retirement Plan Executive Agreement (Bank of Granite Corp), Supplemental Retirement Plan (Bank of Granite Corp), Executive Supplemental Retirement Plan (Bank of Granite Corp)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year over the Opportunity Cost of Funds Expense [subparagraph I (H)] for that Plan Year.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Park National Corp /Oh/), Continuation Plan (Quitman Bancorp Inc), Continuation Plan (Commercial Bancshares Inc \Oh\)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year, divided by a factor equal to 1.00 minus the marginal tax rate.
Appears in 3 contracts
Samples: Agreement (South Street Financial Corp), Executive Supplemental Retirement (Bank of Granite Corp), Agreement (South Street Financial Corp)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year.
Appears in 3 contracts
Samples: Executive Supplemental Retirement Plan (United Financial Inc), Executive Supplemental Retirement Plan (United Financial Inc), Executive Supplemental Retirement Plan (United Financial Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Year.
Appears in 2 contracts
Samples: Executive Supplemental Retirement Plan Agreement (Ameriana Bancorp), Executive Supplemental Retirement Plan Agreement (Ameriana Bancorp)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] F]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] G]) for that Plan Year, divided by a factor equal to 1.13 minus the marginal tax rate.
Appears in 2 contracts
Samples: Executive Supplemental Retirement Plan (Ecb Bancorp Inc), Supplemental Retirement Plan (Ecb Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] H]) for that Plan Year over the Cost of Funds Expense (Subparagraph I [subparagraph I (H)] I]) for that Plan Year.
Appears in 2 contracts
Samples: Supplemental Retirement Plan (Peoples Banctrust Co Inc), Supplemental Retirement Plan (Peoples Banctrust Co Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] H]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] I]) for that Plan Year, minus the after-tax interest expense pursuant to Section III (B) of this Agreement.
Appears in 2 contracts
Samples: Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp), Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year.
Appears in 2 contracts
Samples: Supplemental Retirement Plan (Carolina Bank Holdings Inc), Supplemental Retirement Plan (Carolina Bank Holdings Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Yearyear over the Opportunity Cost [Subparagraph I (I)], for that year.
Appears in 1 contract
Samples: Supplemental Retirement Plan (Croghan Bancshares Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Cost of Funds Expense Expenses (Subparagraph I [subparagraph I (H)] ]) for that Plan Year, divided by a factor equal to 1.00 minus the marginal tax rate.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (BV Financial, Inc.)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (G)] for that Plan Year over less the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Year, divided by a factor equal to 1.09 minus the marginal tax rate.
Appears in 1 contract
Samples: Agreement (Crescent Banking Co)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Yearyear over the Cost of Funds [Subparagraph I (I)], for that year.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan Agreement (CapitalSouth Bancorp)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year. The Index for any Plan Year shall be the aggregate annual after-tax income from the life insurance contract(s) described hereinafter as defined by FASB Technical Bulletin 85-4. This Index shall be applied as if such insurance contract(s) were purchased on the Effective Date of the Executive Plan.
Appears in 1 contract
Samples: Agreement (Bucs Financial Corp)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year year over the Opportunity Cost of Funds Expense [subparagraph I (H)] for that Plan Yearyear.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan Agreement (FedFirst Financial CORP)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index [subparagraph Subparagraph I (GH)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (HI)] for that Plan Year.
Appears in 1 contract
Samples: Supplemental Retirement Plan (Poage Bankshares, Inc.)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] F]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] G]) for that Plan Year, divided by a factor equal to 1.00 minus the marginal tax rate.
Appears in 1 contract
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (F)] for that Plan Year less the Opportunity Cost [Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph I (H)] for that Plan Year.
Appears in 1 contract
Samples: Supplemental Retirement Plan (New England Bancshares Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Yearyear over the Cost of Funds [Subparagraph I (I)] for that year.
Appears in 1 contract
Samples: Supplemental Retirement Plan Agreement (Shore Bancshares Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Year. The Index for any Plan Year shall be the aggregate annual after-tax income from the life insurance contracts described hereinafter as defined by FASB Technical Bulletin 85-4. This Index shall be applied as if such insurance contracts were purchased on the effective date hereof.
Appears in 1 contract
Samples: Agreement (Ameriana Bancorp)
Index Retirement Benefit. The Index Retirement Benefit for the Executive CEO for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [(subparagraph I (GI(G)] ) for that the Plan Year over the Opportunity Cost of Funds Expense [(subparagraph I (HI(H)] ) for that Plan Year.
Appears in 1 contract
Samples: Continuation Plan Agreement (Rockport National Bancorp Inc)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year, divided by a factor equal to 1.08 minus the marginal tax rate.
Appears in 1 contract
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index (Subparagraph I [subparagraph I (G)] ]) for that Plan Year over the Opportunity Cost of Funds Expense (Subparagraph I [subparagraph I (H)] ]) for that Plan Year, divided by a factor equal to 1.81 minus the marginal tax rate.
Appears in 1 contract
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index [subparagraph (Subparagraph I (G)] ) for that Plan Year over the Opportunity Cost of Funds Expense [subparagraph (Subparagraph I (H)] ) for that Plan YearYear divided by a factor equal to 1.05 minus the marginal tax rate.
Appears in 1 contract
Samples: Retirement Plan Executive Agreement (Grandsouth Bancorporation)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined determined- by the Index [subparagraph Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph I -[Subparagraph h (H)] for that Plan Year, divided. by a factor equal to 1.07 minus the marginal tax rate.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Citizens Bancshares Corp /Ga/)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (GH)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (HI)] for that Plan Year.
Appears in 1 contract
Samples: Supplemental Retirement Plan Agreement (Merrill Merchants Bancshares Inc)
Index Retirement Benefit. The Index Retirement Benefit for the Executive for any year shall be equal to the excess of the annual earnings (if any) determined by the Index [subparagraph Subparagraph I (GF)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (HG)] for that Plan Year.
Appears in 1 contract
Samples: Supplemental Retirement Plan Agreement (German American Bancorp)
Index Retirement Benefit. The Index Retirement Benefit for each Executive in the Executive Plan for any year each Plan Year shall be equal to the excess of the annual earnings (if any) determined by of the Index [subparagraph Subparagraph I (G)] for that Plan Year over the Cost of Funds Expense [subparagraph Subparagraph I (H)] for that Plan Year.
Appears in 1 contract
