Common use of Normal Retirement Clause in Contracts

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 15 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

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Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 12 contracts

Samples: Salary Continuation Agreement (Carolina Bank Holdings Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Normal Retirement. Unless For Separation from Service on or a Change in Control occurs before Normal Retirement Age, when after the date the Executive attains Normal Retirement Age Age, the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If However, if the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Paragon Commercial CORP), Salary Continuation Agreement (Paragon Commercial CORP), Salary Continuation Agreement (Paragon Commercial CORP)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall will pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall will be paid.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall will pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall will be paid.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive Separates from Service after the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, 5 no further benefits benefit shall be paid.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive Separates from Service on or after the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement AgeAge and unless the benefit shall have been paid under section 2.4 after a Change in Control, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp)

Normal Retirement. Unless For Separation from Service on or a Change in Control occurs before Normal Retirement Age, when after the date the Executive attains Normal Retirement Age Age, the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If However, if the Executive’s Separation from Service thereafter is a Termination with for Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Crescent Financial Corp), Salary Continuation Agreement (Crescent Financial Corp)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement AgeAge or unless the benefit shall have been paid under section 2.4 after a Change in Control, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section Section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause the result of an involuntary termination for Cause, or if this Agreement terminates under Article 55 hereof, no further benefits shall be paidpaid thereafter.

Appears in 2 contracts

Samples: Salary Continuation Agreement (CBTX, Inc.), Executive Employment Agreement (CBTX, Inc.)

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Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s 's Separation from Service thereafter is a Termination with for Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (Intermountain Community Bancorp)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter after Normal Retirement Age is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s 's Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 1 contract

Samples: Salary Continuation Agreement (First South Bancorp Inc)

Normal Retirement. Unless Upon the Executive’s Separation from Service on or a Change in Control occurs before Normal Retirement Age, when the Executive attains after Normal Retirement Age for reasons other than death, the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paidpayable under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Home Bancorp Wisconsin, Inc.)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.this

Appears in 1 contract

Samples: Salary Continuation Agreement (Carolina Bank Holdings Inc)

Normal Retirement. Unless For Separation from Service on or a Change in Control occurs before Normal Retirement Age, when after the date the Executive attains Normal Retirement Age the Bank shall will pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If However, if the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, 5 the Executive is entitled to no further benefits shall be paidbenefits.

Appears in 1 contract

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Appears in 1 contract

Samples: Salary Continuation Agreement (First Reliance Bancshares Inc)

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