Common use of Monthly Benefit Amount Clause in Contracts

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 2 224.17 3 323.50 4 415.25 5 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately

Appears in 2 contracts

Samples: Director Retirement Agreement (Community Valley Bancorp), Director Retirement Agreement (Community Valley Bancorp)

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Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 89.58 2 224.17 172.33 3 323.50 248.67 4 415.25 319.25 5 384.33 6 444.50 7 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately

Appears in 1 contract

Samples: Director Retirement Agreement (Community Valley Bancorp)

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 100.75 2 224.17 193.83 3 323.50 279.75 4 415.25 359.08 5 432.33 6 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately

Appears in 1 contract

Samples: Director Retirement Agreement (Community Valley Bancorp)

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 59.42 2 224.17 114.25 3 323.50 164.83 4 415.25 211.58 5 254.75 6 294.58 7 331.42 8 365.42 9 396.75 10 425.75 11 452.50 12 477.16 13 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately

Appears in 1 contract

Samples: Director Retirement Agreement (Community Valley Bancorp)

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Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 74.83 2 224.17 143.92 3 323.50 207.75 4 415.25 266.67 5 321.00 6 371.25 7 417.67 8 460.50 9 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately:

Appears in 1 contract

Samples: Director Retirement Agreement (Community Valley Bancorp)

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 81.25 2 224.17 156.25 3 323.50 225.58 4 415.25 289.50 5 348.58 6 403.17 7 453.50 8 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately

Appears in 1 contract

Samples: Director Retirement Agreement (Community Valley Bancorp)

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