Common use of One Benefit Only Clause in Contracts

One Benefit Only. Notwithstanding any provision of this Agreement, the Executive and the Executive’s Beneficiary are entitled to one benefit derived from 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. Subsequent occurrence of events dealt with by Article 2 shall not entitle the Executive or the Executive’s Beneficiary to other or additional benefits derived from Article 2.

Appears in 6 contracts

Samples: Salary Continuation Plan Agreement (Charter Financial Corp/Ga), Salary Continuation Plan (Charter Financial Corp/Ga), Salary Continuation Plan (Charter Financial Corp/Ga)

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One Benefit Only. Notwithstanding any provision of this Agreement, the Executive and the Executive’s Beneficiary are entitled to one benefit derived from Article 2 3 of this Agreement, which shall be determined by the first event to occur that is dealt with by Article 2 of this Agreement. Subsequent occurrence of events dealt with by Article 2 3 shall not entitle the Executive or the Executive’s Beneficiary to other or additional benefits derived from Article 23.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga), Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga), Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga)

One Benefit Only. Notwithstanding Despite any contrary provision of this Agreement, the Executive and the Executive’s any Beneficiary are entitled to one benefit derived from 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. Subsequent occurrence of events dealt with by this Article 2 shall not entitle the Executive or the Executive’s Beneficiary to other or additional benefits derived from under Article 2.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan (Fraternity Community Bancorp Inc), Supplemental Executive Retirement Plan (Fraternity Community Bancorp Inc)

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One Benefit Only. Notwithstanding Despite any contrary provision of this Agreement, the Executive and the Executive’s Beneficiary are entitled to one benefit derived from 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. Subsequent occurrence of events dealt with by this Article 2 shall not entitle the Executive or the Executive’s 's Beneficiary to other or additional benefits derived from under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (BNC Bancorp)

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