Common use of Normal Retirement Benefit Clause in Contracts

Normal Retirement Benefit. Upon Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Thousand Dollars ($71,000). The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventySixty-One Thousand One Hundred Twenty-Five Dollars ($71,000)61,125) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this AgreementSeparation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Seventy-One Fifty Thousand Dollars ($71,000)50,000) ($750,000 in the aggregate) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu the date of any other benefit under this AgreementExecutive’s Separation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyForty-One Two Thousand Dollars ($71,000)42,000) in lieu of any other benefit hereunder. The annual benefit will shall be paid in equal monthly installments commencing on the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen ten (1510) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement AgeAge prior to Separation from Service, the Employer shall pay the Executive an annual benefit in the amount of Forty-Eight Thousand Seven Hundred Seventy-One Thousand Two Dollars ($71,00048,772). The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age and continuing for the greater of the Executive’s lifetime or fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Fifteen Thousand Dollars ($71,000)15,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyFifty-One Two Thousand Dollars ($71,000)52,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Eleven Thousand Dollars ($71,000)11,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service following Normal Retirement Age, the Employer shall pay the Executive an annual benefit equal to thirty-five percent (35%) of High 3 Average Pay in the amount lieu of Seventy-One Thousand Dollars ($71,000)any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyFifty-One Four Thousand Dollars ($71,000)54,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Fifty- Four Thousand Dollars ($71,000)54,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyForty-One Five Thousand Dollars ($71,000)45,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Eighty Thousand Dollars ($71,00080,000). The annual benefit will be paid in equal monthly installments commencing on the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyThirty-One Six Thousand Dollars ($71,000)36,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual a benefit in the amount of SeventyEight Hundred Eighty-One Six Thousand Six Hundred Sixty Dollars ($71,000). The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15886,660) years. This benefit will be in lieu of any other benefit under this Agreementhereunder. The benefit will be paid in a lump sum the month following Separation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Twenty Thousand Dollars ($71,000)20,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyFifty-One Five Thousand Dollars ($71,000)55,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon If Normal Retirement AgeAge occurs prior to Separation from Service, Disability and the Executive’s death, the Employer shall pay the Executive an annual benefit in the amount of SeventyTwenty-One Five Thousand Dollars ($71,00025,000). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this AgreementAge.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Three Hundred Thousand Dollars ($71,000)300,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Fifty Eight Thousand Dollars ($71,000)58,000) in lieu of any other benefit hereunder. The annual benefit will shall be paid in equal monthly installments commencing on the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen ten (1510) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service on or after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount shown on the table below in lieu of Seventy-One Thousand Dollars ($71,000)any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) yearsuntil the Executive’s death. This benefit will be in lieu of any other benefit under this Agreement.Executive’s age at Separation from Service Annual Benefit 65 $12,872 66 $16,766 67 $21,398 68 or later $26,500

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyTwenty-One Two Thousand Dollars ($71,000)22,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Hundred Thousand Dollars ($71,000)100,000) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this AgreementSeparation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyTwenty-One Eight Thousand Dollars ($71,000)28,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventySixty-One Thousand Five Hundred Dollars ($71,000)61,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer Company shall pay the Executive an annual benefit in the amount of Seventy-One Hundred Fifty Thousand Dollars ($71,000)150,000) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this AgreementSeparation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive the annual benefits described in this Section 2.1. During the first sixty (60) months following Separation from Service the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Hundred Four Thousand Dollars ($71,000). The annual benefit will be paid 104,000) in equal monthly installments commencing installments. During the one hundred twenty (120) months following the initial sixty (60) month following Normal Retirement Age and continuing for fifteen period the Employer shall pay the Executive an annual benefit in the amount of Five Thousand Seven Hundred Two Dollars (15$5,702) years. This benefit will be in lieu of any other benefit under this Agreementequal monthly installments.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyTwenty-One Seven Thousand Dollars ($71,000)27,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Thirty Thousand Dollars ($71,000)30,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing in the first month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Nine Thousand Five Hundred Dollars ($71,000)9,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Forty Thousand Dollars ($71,000)40,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing in the first month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyThirty-One Nine Thousand Dollars ($71,000)39,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Fifty Thousand Dollars ($71,000)50,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing in the first month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Two Thousand Dollars ($71,000)72,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Seventy-One Hundred Thousand Dollars ($71,000)100,000) ($1,500,000 in the aggregate) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu the date of any other benefit under this AgreementExecutive’s Separation from Service.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Six Hundred Thousand Dollars ($71,000)600,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Eighteen Thousand Dollars ($71,000)18,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyFifty-One Three Thousand Five Hundred Dollars ($71,000)53,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement AgeAge prior to Separation from Service, Disability and death, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Fifty Thousand Dollars ($71,000)50,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyForty-One Five Thousand Dollars ($71,000)45,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years, subject to the conditions and limitations hereinafter set forth. This benefit will The Schedule A originally attached to the Agreement shall be deleted in lieu of any other benefit under this Agreementits entirety and replaced by the Schedule A attached hereto.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyForty-One Two Thousand Dollars ($71,000)42,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyForty-One Two Thousand Dollars ($71,000)42,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Thousand Dollars ($71,000)_____________. The Employer will pay the annual benefit will be paid in twelve (12) equal monthly installments commencing the month following Normal Retirement Age and continuing for a period of fifteen (15) years. This benefit will be in lieu years commencing on the first day of any other benefit under this Agreementthe second month following Separation from Service, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Seventy Thousand Dollars ($71,000)70,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) yearsuntil the Executive’s death. This benefit will The Schedule A originally attached to the Agreement shall be in lieu of any other benefit under this Agreementremoved and replaced by the Schedule A attached hereto.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyFifty-One Six Thousand Five Hundred Dollars ($71,000)56,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the first day of the month following Normal Retirement Age Separation from Service and continuing for fifteen twenty (1520) years, subject to the conditions and limitations hereinafter set forth. This benefit will The Schedule A originally attached to the Agreement shall be deleted in lieu of any other benefit under this Agreementits entirety and replaced by the Schedule A attached hereto.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement AgeAge prior to Separation from Service, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Seventy Thousand Dollars ($71,00070,000). The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age and continuing for the greater of the Executive’s lifetime or fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of SeventyThirty-One Eight Thousand Five Hundred Dollars ($71,000)38,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreementuntil the Executive’s death.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount of Seventy-One Thirty Thousand Dollars ($71,000)30,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Normal Retirement Age Separation from Service and continuing for fifteen (15) years. This benefit will be in lieu of any other benefit under this Agreement, subject to the conditions and limitations hereinafter set forth.