Common use of Normal Termination Benefit Clause in Contracts

Normal Termination Benefit. Upon the earlier of the Director's Termination of Service at the Normal Termination Date or the Distribution Date, the Company shall pay to the Director the benefit described in this Section 4.1.

Appears in 2 contracts

Samples: Fee Agreement (Regency Bancorp), Fee Agreement (Regency Bancorp)

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Normal Termination Benefit. Upon the earlier of the Director's Termination of Service at the Normal Termination Date or the Distribution Date, the Company Bank shall pay to the Director the benefit described in this Section 4.1.

Appears in 2 contracts

Samples: Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp)

Normal Termination Benefit. Upon the earlier of the Director's Termination of Service at the on or after attainment of Normal Termination Date or the Distribution DateBenefit Age, the Company shall pay to the Director the benefit described in this Section 4.14.1 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)

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Normal Termination Benefit. Upon the earlier of the Director's Termination of Service at on the Normal Termination Date or the Distribution Datenormal termination date as described in Section 1.1.6, the Company Bank shall pay to the Director the benefit described in this Section 4.1.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Capital Corp of the West)

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