Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Termination of Employment and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The annual benefit shall be paid to the Executive Executive's beneficiary for a period of 15 years180 months.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 years180 months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company Bank shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company Bank shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years239 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive’s beneficiary in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Datedeath, paying the annual benefit to the Executive Executive’s beneficiary for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 20 years, or as elected on the Election Form (Exhibit 2). The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years180 months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the 's Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 20 years. The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Termination of Employment and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 20 years, or as elected on the Election Form (Exhibit 2). The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit Date and continuing until a total of 179 additional monthly payments have been made to the Executive for a period of 15 yearsor to the Executive's beneficiary.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit described in Section 2.3.1 above to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. Such annual benefit shall be paid to the Executive for a period of 15 fifteen (15) consecutive years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 180 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The Company shall pay this annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with within 90 days after the month following date of the Executive’s Normal Retirement Date, paying the annual benefit to the Executive 's Termination of Employment and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit described in Section 2.1.1 above to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . Such annual benefit shall be paid to the Executive for a period of 15 fifteen (15) consecutive years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 eighteen years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 consecutive equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years239 additional months.

Payment of Benefit. The Company shall pay the annual benefit described in Section 2.4.1 above to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. Such annual benefit shall be paid to the Executive for a period of 15 fifteen (15) consecutive years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 eighteen years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the . The Company shall pay this annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years60 days after said Termination of Employment and continuing for 179 months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s at Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit described in Section 2.2.1 above to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. Such annual benefit shall be paid to the Executive for a period of 15 fifteen (15) consecutive years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying Age and continuing for 239 additional months or at the annual benefit to Company's option pay the Executive for a period Accrued Benefit set forth on Schedule "A" within sixty (60) days after the Executive's termination of 15 yearsemployment.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal and consecutive monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement DateAge and continuing for two hundred fifteen (215) additional months, paying the annual benefit to the Executive for a period total of 15 yearstwo hundred sixteen (216) monthly payments.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s attainment of Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 yearsAge.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit in this Section 2.4 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years239 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The Company shall pay this annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal and consecutive monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement DateDate and continuing for two hundred fifteen (215) additional months, paying the annual benefit to the Executive for a period total of 15 yearstwo hundred sixteen (216) monthly payments.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the first day of the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal and consecutive monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement DateDate and continuing for two hundred fifteen (215) additional months, paying the annual benefit to the Executive for a period total of 15 yearstwo hundred sixteen (216) monthly payments.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal consecutive monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.. GREER STATE BANK Amended and Restated Salary Continuation Agreement

Payment of Benefit. The Company Employer shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with for fifteen (15) years beginning on the first day of the month following after the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive’s beneficiary in 12 equal monthly installments commencing with the month within one year following the Executive’s Normal Retirement Datedeath, paying the annual benefit to the Executive Executive’s beneficiary for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty-one years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The Company shall pay this annual benefit to the Executive Executive's beneficiary for a period of 15 20 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Separation from Service. The Company shall pay this annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s 's attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual retirement benefit described in this Section 2.1 to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the annual . The benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The Company shall pay this annual benefit to the Executive Executive's beneficiary for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual retirement benefit described in this Section 2.2 to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the annual . The benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 yearstwo hundred thirty-nine (239) additional months.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 yearstwo hundred thirty-nine (239) additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 twenty-one years.

Payment of Benefit. The Company shall pay the annual retirement benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first day of the month following the Executive’s attainment of his Normal Retirement Date, paying the annual . The benefit shall be paid to the Executive for a period of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit determined in Section 2.4.1 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive Executive's beneficiary in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the 's death. The Company shall pay this annual benefit to the Executive Executive's beneficiary for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with the first of the month following the Executive’s Normal Retirement Date's Termination of Employment, paying the annual benefit to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 ten years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal consecutive monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 fifteen (15) years.. GREER STATE BANK Amended and Restated Salary Continuation Agreement

Payment of Benefit. The Company shall pay the annual benefit Normal Retirement Benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s installments. The annual Normal Retirement Date, paying the annual benefit Benefit shall be paid to the Executive for a period term of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit in this Section 2.3 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s at Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 ten years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Executive attaining Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 ten (10) years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 10 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Executive attaining Normal Retirement DateAge, paying the annual benefit to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit Immediate Annual Benefit to the Executive in 12 equal monthly installments commencing with installments. The Immediate Annual Benefit shall commence on the first day of the month following the Executive’s Normal Retirement Date, paying the annual benefit 's termination of employment. The Immediate Annual Benefit shall be paid to the Executive for a period term of 15 fifteen (15) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Age and continuing for a period of 15 years239 additional months.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years179 additional months.

Payment of Benefit. The Company shall pay the annual benefit determined under Section 2.3.1 to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement DateTermination of Employment, paying the annual benefit to the Executive for a period of 15 17 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable to the Executive on the first day of each month commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive Date and continuing for a period of 15 years.179 additional months

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the Termination of Employment. The annual benefit shall be paid to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 years20 years or lifetime, whichever is greater.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the Age. The annual benefit shall be paid to the Executive for a period of 15 20 years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Early Termination Date, paying the . The annual benefit shall be paid to the Executive for fifteen (15) years. The Board, in its sole discretion, may elect to pay this benefit in a period of 15 yearslump sum.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s 's Normal Retirement Date, paying the . The annual benefit shall be paid to the Executive for a period of 15 years.

Payment of Benefit. The Company shall pay distribute the annual benefit to the Executive in 12 twelve (12) equal monthly installments commencing with on the first day of the month following the Executive’s Normal Retirement Date, paying the . The annual benefit shall be distributed to the Executive for a period of 15 twenty (20) years.

Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s 's Normal Retirement Date, paying the Age. The Company shall pay this annual benefit to the Executive for a period of 15 fifteen (15) years.