One Benefit Only. Despite anything to the contrary in this Agreement, the Director and Beneficiary are entitled to one benefit only under this Agreement, which shall be determined by the first event to occur that is dealt with by this Agreement. Except as provided in section 2.5 or Article 3, subsequent occurrence of events dealt with by this Agreement shall not entitle the Director or Beneficiary to other or additional benefits under this Agreement.
Appears in 18 contracts
Samples: Director Retirement Agreement, Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)
One Benefit Only. Despite Notwithstanding anything to the contrary contained in this Amended Agreement, the Director and his Beneficiary are entitled to one benefit only under this Amended Agreement, which shall be determined by the first event to occur that is dealt with by this Amended Agreement. Except as provided in section 2.5 or Article 3Section 4.5, subsequent occurrence of events dealt with by this Amended Agreement shall not entitle the Director or his Beneficiary to other or additional benefits under this Agreement.
Appears in 4 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
One Benefit Only. Despite anything to the any contrary in provision of this Agreement, the Director and Beneficiary are is entitled to one benefit only under Article 2 of this Agreement, which shall be determined by the first event to occur that is dealt with by Article 2 of this Agreement. Except as provided in section 2.5 or Article 32.5, subsequent occurrence of events dealt with by this Agreement shall not entitle the Director or Beneficiary to other or additional benefits under this Agreement.
Appears in 4 contracts
Samples: Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp)
One Benefit Only. Despite Notwithstanding anything to the contrary contained in this Agreement, the Director and Beneficiary are is entitled to one benefit only under this Agreement, which shall be determined by the first event to occur that is dealt with by this Agreement. Except as provided in section 2.5 or Article 3, subsequent Subsequent occurrence of events dealt with by this Agreement shall not entitle the Director or Beneficiary his or her beneficiaries to other or additional benefits under this Agreement.
Appears in 1 contract
Samples: Director Elective Income Deferral Agreement (Capital Corp of the West)
