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Common use of Normal Retirement Benefit Clause in Contracts

Normal Retirement Benefit. If the Director terminates service on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement.

Appears in 16 contracts

Samples: Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Normal Retirement Benefit. If the Director terminates service Upon Termination of Service on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Director the benefit described in this Section 4.1 2.1 in lieu of any other benefit under this Agreement.

Appears in 11 contracts

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

Normal Retirement Benefit. If the Director terminates service Upon Termination of Service on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Director the benefit described in this Section 4.1 2.1 in lieu of any other benefit under this Agreement.

Appears in 10 contracts

Samples: Director Retirement Agreement (McIntosh Bancshares Inc /Ga/), Director Retirement Agreement (Efc Bancorp Inc), Director Retirement Agreement (Efc Bancorp Inc)

Normal Retirement Benefit. If the Director terminates service Upon Termination of Service on or after the Normal Retirement Age Date for reasons other than death, the Company shall pay to the Director the benefit described in this Section 4.1 2.1 in lieu of any other benefit under this Agreement.

Appears in 9 contracts

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

Normal Retirement Benefit. If the Director terminates service on or after the Normal Retirement Age Date for reasons other than death, Disability or Change of Control, the Company shall pay to the Director the benefit described in this Section 4.1 2.1 in lieu of any other benefit under this Agreement.

Appears in 7 contracts

Samples: Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp)

Normal Retirement Benefit. If the Director terminates service on or Director's Termination of Services occurs after the Normal Early Retirement Age Date for reasons other than deathdeath or Disability, the Company shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Normal Retirement Benefit. If the Director terminates service on or after the Normal Retirement Age Date, and for reasons other than deathdeath or Disability, the Company Bank shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement2.1.

Appears in 2 contracts

Samples: Director Emeritus Agreement (Lawrence Financial Holdings Inc), Director Retirement Agreement (Lawrence Financial Holdings Inc)

Normal Retirement Benefit. If the Director terminates service on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Director the benefit described in this Section Section 4.1 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Normal Retirement Benefit. If the Director terminates service employment on or after the Normal Retirement Age Date for reasons other than death, the Company shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement4.1.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (HCSB Financial Corp)

Normal Retirement Benefit. If the Director terminates service on or after the Normal Retirement Age for reasons other than deathDate, the Company shall pay to the Director the benefit described in this Section 4.1 in lieu of any other benefit under this Agreement2.

Appears in 1 contract

Samples: Director Retirement Agreement (City National Bancshares Corp)