Common use of Normal Retirement Benefits Clause in Contracts

Normal Retirement Benefits. If the Executive shall continue in the employment of the Corporation until she attains the age of sixty-five (65), she shall be entitled to a supplemental retirement benefit (hereinafter “Benefit”) commencing on the first day of the month next following her actual retirement and continuing for fifteen (15) years, in an amount equal to twenty-five percent (25%) of the average of the three (3) highest years of Compensation (average compensation) paid to such Executive in the ten (10) years of employment with the Corporation immediately preceding such Executive’s retirement from the Corporation.

Normal Retirement Benefits. If the Executive shall continue in the employment of the Corporation until she he attains the age of sixty-five (65), she he shall be entitled to a supplemental retirement benefit (hereinafter “Benefit”) Benefit commencing on the first day of the month next following her his actual retirement and continuing for fifteen (15) years, payable monthly, in an annual amount equal to twenty-five twenty percent (2520%) of supplemental compensation above the average of the three (3) highest years of Compensation (average compensation) compensation which would be paid to such Executive in executive under the ten (10) years life annuity benefit of employment with the Corporation immediately preceding such Executive’s retirement from the CorporationSavings Bank Employees Retirement Association Plan.

Normal Retirement Benefits. If the Executive shall continue in the employment of the Corporation until she he attains at least the age of sixty-five (65), she he shall be entitled to a an annual supplemental retirement benefit (hereinafter “called the "Benefit”") commencing on the first day of the month next following her his actual retirement and continuing for fifteen (15) years, in an amount equal to twenty-five percent (25%) of the average of the three (3) highest years of Compensation (average compensation) paid to such Executive in the ten (10) years of employment with the Corporation immediately preceding such Executive’s 's retirement from the Corporation.

Normal Retirement Benefits. If the Executive shall continue in the employment of the Corporation until she he attains the age of sixty-five (65), she he shall be entitled to a supplemental retirement benefit (hereinafter “Benefit”) commencing on the first day of the month next following her his actual retirement and continuing for fifteen (15) years, in an amount equal to twenty-five percent (25%) of the average of the three (3) highest years of Compensation (average compensation) paid to such Executive in the ten (10) years of employment with the Corporation immediately preceding such Executive’s retirement from the Corporation.

Normal Retirement Benefits. If the Executive shall continue in the employment of the Corporation until she he attains the age of sixty-five (65), she he shall be entitled to a supplemental retirement benefit (hereinafter “"Benefit”") commencing on the first day of the month next following her his actual retirement and continuing for fifteen (15) years, payable monthly, in an amount equal to twenty-five percent Twenty Percent (2520%) of the average of the three (3) highest years of Compensation compensation (average compensation) paid to such Executive Executives in the ten (10) years of employment with the Corporation immediately preceding such Executive’s retirement from the Corporation's retirement.