Common use of Opportunity Cost Clause in Contracts

Opportunity Cost. The Opportunity Cost Expense 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 any 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 average annualized after-tax yield of a one-year Treasury xxxx for the Plan Year.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (CCF Holding Co)

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Opportunity Cost. The Opportunity Cost Expense 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 any 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 average annualized after-tax yield of a one-the one year Treasury xxxx for the Plan YearBxxx minus fifty (50) basis points.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (Centra Financial Holdings Inc)

Opportunity Cost. The Opportunity Cost Expense for any Plan Year shall be 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 any the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Opportunity Cost, and multiplying that sum by the average annualized after-tax yield of a one-one year Treasury xxxx for the Plan YearBill.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (North Georgia Community Financial Partne)

Opportunity Cost. The Opportunity Cost Expense 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 any Executive the 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 average annualized after-tax yield of a one-year Treasury xxxx for the Plan YearXxxx, or, in any event, no less than five and one half percent (5.50%).

Appears in 1 contract

Samples: Director Supplemental Retirement Plan Agreement (Service Bancorp Inc)

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Opportunity Cost. The Opportunity Cost Expense 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 any the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Opportunity Cost, and multiplying that sum by the average annualized after-tax yield of a one-year Treasury xxxx bill for the Plan Year.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (Cherokee Banking Co)

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