Common use of Opportunity Cost Clause in Contracts

Opportunity Cost. The Opportunity Cost for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Opportunity Cost, and multiplying that sum by the greater of either one of the following: (i) the average after tax yield of a one-year Treasury xxxx, or (ii) the Bank's average annualized after-tax Cost of Funds Expense as determined by the Bank's third quarter call report as filed with the appropriate regulatory agency.

Opportunity Cost. The Opportunity Cost for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Opportunity Cost, and multiplying that sum by the greater of either one of the following: (i) the average after tax yield of a one-year Treasury xxxx, or (ii) the Bank's average annualized after-tax Cost of Funds Expense as determined by the Bank's third quarter call report as filed with the appropriate regulatory agency.

Opportunity Cost. The Opportunity Cost for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' ’ after-tax Opportunity Cost, and multiplying that sum by the greater of either one of the following: (i) the average after tax yield of a one-year Treasury xxxx, or (ii) the Bank's ’s average annualized after-tax Cost of Funds Expense as determined by the Bank's ’s third quarter call report as filed with the appropriate regulatory agency.

Opportunity Cost. The Opportunity Cost for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' ’ after-tax Opportunity Cost, and multiplying that sum by the greater of either one of the following: (i) the average after tax yield of a one-year Treasury xxxx, or (ii) the Bank's ’s average annualized after-tax Cost of Funds Expense as determined by the Bank's ’s third quarter call report as filed with the appropriate regulatory agency.