Normal Retirement Benefits. In the event Participant’s employment is terminated on or after Participant has attained Retirement Age, commencing on the Normal Commencement Date, subject to Section 2.7, Participant shall be entitled to receive the Annual Retirement Benefit, in the amount set forth on Schedule A for “Normal Retirement,” in equal monthly payments. Subject to Section 2.9 of this Plan, monthly payments of the Annual Retirement Benefit shall continue until Participant’s death.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (Umpqua Holdings Corp), Supplemental Executive Retirement Plan (Umpqua Holdings Corp)
Normal Retirement Benefits. In the event Participant’s employment is terminated on or after Participant has attained Retirement Age, commencing on the Normal Commencement Date, subject to Section 2.7, Participant shall be entitled to receive monthly payments of the Annual Retirement Benefit, in the amount set forth on Schedule A for “Normal Retirement,” in equal monthly payments. Subject to Section 2.9 of this Plan, monthly payments of the Annual Retirement Benefit shall continue until Participant’s death.Normal
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Umpqua Holdings Corp)
Normal Retirement Benefits. In the event Participant’s 's employment is terminated on or after Participant has attained Retirement Age, commencing on the Normal Commencement Date, subject to Section 2.7, Participant shall be entitled to receive the Annual Retirement Benefit, in the amount set forth on Schedule A for “Normal Retirement,” in equal monthly payments. Subject to Section 2.9 of this Plan, monthly payments of the Annual Retirement Benefit shall continue commencing on the Normal Commencement Date and continuing until Participant’s the later of Participant or Spouse's death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Cowlitz Bancorporation)
Normal Retirement Benefits. In the event Participant’s 's employment is terminated on or after Participant has attained Retirement Age, commencing then on the Normal Commencement Date, subject to Section 2.7, Participant shall be entitled to receive monthly payments of the Annual Retirement Benefit, in the amount set forth on Schedule A for “Normal Retirement,” in equal monthly payments. Subject to Section 2.9 of this Plan, monthly payments of the Annual Retirement Benefit shall continue until Participant’s 's death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Umpqua Holdings Corp)
Normal Retirement Benefits. In the event Participant’s employment is terminated on or after Participant has attained Retirement Age, commencing on the Normal Commencement Date, subject to Section 2.7, Participant shall be entitled to receive the Annual Retirement Benefit, in the amount set forth on Schedule A for “Normal Retirement,” in equal monthly payments. Subject to Section 2.9 of this Plan, monthly payments of the Annual Retirement Benefit shall continue commencing on the Normal Commencement Date and continuing until Participantthe later of Participant or Spouse’s death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Cowlitz Bancorporation)