Common use of Normal Retirement Benefit Clause in Contracts

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 Fifty Thousand Dollars ($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 the date of Executive’s Separation 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 Fifty Forty-Two Thousand Dollars ($50,000) ($750,000 in the aggregate42,000) in lieu of any other benefit hereunder. The annual benefit will shall be paid in one hundred eighty (180) equal monthly installments commencing on the first day of the month following the date of Executive’s Separation from ServiceService and continuing for ten (10) years.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement Age prior to Separation from Service after Normal Retirement AgeService, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Fifty Forty-Eight Thousand Seven Hundred Seventy-Two Dollars ($50,000) ($750,000 in the aggregate) in lieu of any other benefit hereunder48,772). The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the month following Normal Retirement Age and continuing for the date greater of the Executive’s Separation from Servicelifetime or fifteen (15) years.

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 Fifty Sixty-One Thousand One Hundred Twenty-Five Dollars ($50,000) ($750,000 in the aggregate61,125) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in one hundred eighty (180) equal monthly installments commencing the month following the date of Executive’s Separation 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 Fifty Fifteen Thousand Dollars ($50,000) ($750,000 in the aggregate15,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Thirty Thousand Dollars ($50,000) ($750,000 in the aggregate30,000) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing in the first month following the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Seventy Thousand Dollars ($50,000) ($750,000 in the aggregate70,000) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Forty-Two Thousand Dollars ($50,000) ($750,000 in the aggregate42,000) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

Normal Retirement Benefit. Upon If Normal Retirement Age occurs prior to Separation from Service after Normal Retirement AgeService, Disability and the Executive’s death, the Employer shall pay the Executive an annual benefit in the amount of Twenty-Five Thousand Dollars ($25,000). The annual benefit will be paid for fifteen (15) years in the amount of Fifty Thousand Dollars ($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 the date of Executive’s Separation from ServiceNormal Retirement Age.

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 Fifty Three Hundred Thousand Dollars ($50,000) ($750,000 in the aggregate300,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Twenty-Seven Thousand Dollars ($50,000) ($750,000 in the aggregate27,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Eleven Thousand Dollars ($50,000) ($750,000 in the aggregate11,000) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Fifty-Four Thousand Dollars ($50,000) ($750,000 in the aggregate54,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Six Hundred Thousand Dollars ($50,000) ($750,000 in the aggregate600,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 for fifteen (15) years in the amount of Fifty One Hundred Four Thousand Dollars ($50,000104,000) in equal monthly installments. During the one hundred twenty (120) months following the initial sixty (60) month period the Employer shall pay the Executive an annual benefit in the amount of Five Thousand Seven Hundred Two Dollars ($750,000 in the aggregate5,702) 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 the date of Executive’s Separation from Serviceinstallments.

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 Fifty Forty-Five Thousand Dollars ($50,000) ($750,000 in the aggregate45,000) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the first day of the month following the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, 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 for fifteen (15) years in the amount of Fifty Forty-Two Thousand Dollars ($50,000) ($750,000 in the aggregate42,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Sixty-Nine Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate69,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Twenty-Two Thousand Dollars ($50,000) ($750,000 in the aggregate22,000) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Forty-Two Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate42,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Twenty-Eight Thousand Dollars ($50,000) ($750,000 in the aggregate28,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Sixty-One Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate61,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Nine Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate9,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Fifty-Three Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate53,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement Age prior to Separation from Service after Normal Retirement AgeService, Disability and death, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Fifty Thousand Dollars ($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 the date of Executive’s Separation from ServiceNormal Retirement Age and continuing for fifteen (15) years.

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 Fifty Thousand Dollars ($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 in the first month following the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Fifty-Six Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate56,500) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the first day of the month following the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, 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 for fifteen (15) years in the amount of Fifty Fifty- Four Thousand Dollars ($50,000) ($750,000 in the aggregate54,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer Company shall pay the Executive an annual benefit for fifteen (15) years in the amount of One Hundred Fifty Thousand Dollars ($50,000) ($750,000 in the aggregate150,000) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in one hundred eighty (180) equal monthly installments commencing the month following the date of Executive’s Separation 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 Fifty Forty-Five Thousand Dollars ($50,000) ($750,000 in the aggregate45,000) 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 the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, subject to the conditions and limitations hereinafter set forth.

Normal Retirement Benefit. Upon the Executive reaching Normal Retirement Age prior to Separation from Service after Normal Retirement AgeService, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Fifty Seventy Thousand Dollars ($50,000) ($750,000 in the aggregate) in lieu of any other benefit hereunder70,000). The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the month following Normal Retirement Age and continuing for the date greater of the Executive’s Separation from Servicelifetime or fifteen (15) years.

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 Fifty Thirty-Nine Thousand Dollars ($50,000) ($750,000 in the aggregate39,000) 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 the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, 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 for fifteen (15) years in the amount of Fifty Twenty Thousand Dollars ($50,000) ($750,000 in the aggregate20,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Fifty-Two Thousand Dollars ($50,000) ($750,000 in the aggregate52,000) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the first day of the month following the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, 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 for fifteen (15) years in the amount of Fifty Eight Thousand Dollars ($50,000) ($750,000 in the aggregate58,000) in lieu of any other benefit hereunder. The annual benefit will shall be paid in one hundred eighty (180) equal monthly installments commencing on the first day of the month following the date of Executive’s Separation from ServiceService and continuing for ten (10) years.

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 Fifty Forty Thousand Dollars ($50,000) ($750,000 in the aggregate40,000) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing in the first month following the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Fifty-Five Thousand Dollars ($50,000) ($750,000 in the aggregate55,000) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an initial annual benefit for fifteen (15) years in the amount of Fifty One Hundred Twenty-Five Thousand Dollars ($50,000) ($750,000 in the aggregate125,000) in lieu of any other benefit hereunder. Additionally, on the first anniversary of the first payment and on each subsequent anniversary thereafter the annual benefit shall increase by three percent (3%) over the annual benefit from the prior year. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the month following the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty Eighty Thousand Dollars ($50,000) ($750,000 in the aggregate) in lieu of any other benefit hereunder80,000). The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing on the first day of the month following the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Thirty Thousand Dollars ($50,000) ($750,000 in the aggregate30,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Eighteen Thousand Dollars ($50,000) ($750,000 in the aggregate18,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years, 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 for fifteen (15) years in the amount of Fifty Seventy-Two Thousand Dollars ($50,000) ($750,000 in the aggregate72,000) 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 the date of Executive’s Separation from ServiceService and continuing for fifteen (15) years.

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 Fifty One Hundred Thousand Dollars ($50,000100,000) ($750,000 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 the date of Executive’s Separation 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 Fifty Thirty-Eight Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate38,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

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 Fifty Twenty Thousand Five Hundred Dollars ($50,000) ($750,000 in the aggregate20,500) 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 Separation from Service and continuing until the date of Executive’s Separation from Servicedeath.

Normal Retirement Benefit. Upon Separation from Service after Normal Retirement Age, the Employer shall pay the Executive an annual a benefit for fifteen (15) years in the amount of Fifty Eight Hundred Eighty-Six Thousand Six Hundred Sixty Dollars ($50,000) ($750,000 in the aggregate886,660) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing a lump sum the month following the date of Executive’s Separation 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 Fifty Thirty-Six Thousand Dollars ($50,000) ($750,000 in the aggregate36,000) in lieu of any other benefit hereunder. The annual benefit will be paid in one hundred eighty (180) equal monthly installments commencing the first day of the month following the date of Executive’s Separation from ServiceService and continuing for twenty (20) years, 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 for fifteen (15) years in the amount of Fifty One Hundred Thousand Dollars ($50,000) ($750,000 in the aggregate100,000) in lieu of any other benefit hereunder. The annual benefit will be paid for fifteen (15) years in one hundred eighty (180) equal monthly installments commencing the month following the date of Executive’s Separation from Service.

Normal Retirement Benefit. Upon If Separation from Service after occurs at Normal Retirement Age, the Employer shall pay the Executive an annual benefit for fifteen (15) years in the amount of Fifty Sixty Thousand Dollars ($50,000) ($750,000 in the aggregate60,000) in lieu of any other benefit hereunder. If Separation from Service occurs after Normal Retirement Age, for each full month between Normal Retirement Age and Separation from Service, up to a maximum of twenty-four (24) months, the Bank shall increase this annual benefit by .3274%. The annual benefit will be paid for fifteen (15) years in one hundred eighty (180) equal monthly installments commencing the month following the date of Executive’s Separation from Service.