Common use of Monthly Credits Clause in Contracts

Monthly Credits. Subject to the provisions of Section 3 .4(b)(iv) below, beginning with July 2007 and continuing throughout the Term and any Renewal Term of this Agreement, the Bank shall credit to the Deferral Account on the last day of each calendar month an additional One Thousand Six Hundred Dollars ($1,600.00) per month; provided that in no event shall the Bank be obligated to credit any amount to the Deferral Account with respect to any month unless Executive is employed by the Bank under this Agreement as of the last day of such calendar month.

Monthly Credits. Subject to the provisions of Section 3 .4(b)(iv3.4(b)(ii) below, beginning with July 2007 as of August 1, 2014 and continuing throughout the Term and Term, including any Renewal Term Term, of this Agreement, the Bank shall credit to the Deferral Account on the last day of each calendar month an additional One Thousand Six Hundred Dollars amount equal to the product of ($1,600.00A) per month1% and (B) the Executive’s Base Salary in effect at the time; provided that in no event shall the Bank be obligated to credit any amount to the Deferral Account with respect to any month unless Executive is employed by the Bank under this Agreement as of the last day of such calendar month.

Monthly Credits. Subject to the provisions of Section 3 .4(b)(iv3.4(b)(ii) below, beginning with July 2007 as of December 1, 2014 and continuing throughout the Term and Term, including any Renewal Term Term, of this Agreement, the Bank shall credit to the Deferral Account on the last day of each calendar month an additional One Thousand Six Hundred Dollars amount equal to the product of ($1,600.00A) per month1% and (B) the Executive’s Base Salary in effect at the time; provided that in no event shall the Bank be obligated to credit any amount to the Deferral Account with respect to any month unless Executive is employed by the Bank under this Agreement as of the last day of such calendar month.

Monthly Credits. Subject to the provisions of Section 3 .4(b)(iv--------------- SECTION 3.4(b)(iv) below, beginning with July January 2007 and continuing throughout the Term and any Renewal Term of this Agreement, the Bank shall credit to the Deferral Account on the last day of each calendar month an additional One Two Thousand Six Hundred Dollars ($1,600.002,000.00) per month; provided that in no event shall the Bank be obligated to credit any amount to the Deferral Account with respect to any month unless Executive is employed by the Bank under this Agreement as of the last day of such calendar month.

Monthly Credits. Subject to the provisions of Section 3 .4(b)(iv3.4(b)(iv) below, beginning with July 2007 September 2008 and continuing throughout the Term and any Renewal Term of this Agreement, the Bank shall credit to the Deferral Account on the last day of each calendar month an additional One Thousand Six Three Hundred Forty Dollars ($1,600.001,340) per month; , provided that in no event shall the Bank be obligated to credit any amount to the Deferral Account with respect to any month unless Executive is employed by the Bank under this Agreement as of the last day of such calendar month.