Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Executive’s Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 yearsthe Executive’s lifetime.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the The Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each monthmonth beginning with the calendar month immediately following the expiration of six (6) months from the Executive’s Termination of Employment. The annual benefit shall be paid to the Executive for 15 yearshis or her lifetime.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Executive=s Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 yearsthe Executive=s lifetime.

Payment of Benefit. Beginning The Bank shall pay the Disability benefit to the Executive in 12 equal monthly installments on the first day of each month beginning with the later of (xi) the seventh month after the month in which the Executive’s Separation from Service occursService, or (yii) the month immediately after the month in which the Executive attains his Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (xa) the seventh month after the month in which the Executive’s Separation from Service occursService, or (yb) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 yearshis lifetime.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall will pay the Disability benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall will be paid to the Executive for 15 yearsthe Executive’s lifetime.

Payment of Benefit. Beginning with the later of (xi) the seventh month after the month in which the Executive’s Separation from Service occurs, or (yii) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall will pay the benefit under this section 2.2 Section 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 10 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 yearsthe Executive’s lifetime.

Payment of Benefit. Beginning with the later of (x) the seventh (7th) month after the month in which the Executive’s Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in twelve (12) equal monthly installments on the first (1st) day of each month. The annual benefit shall be paid to the Executive for 15 yearsthe Executive’s lifetime with a fifteen (15) – year term certain period.

Payment of Benefit. Beginning with the later of (xi) the seventh month after the month in which the Executive’s Separation from Service occurs, or (yii) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall will pay the benefit under this section Section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 10 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall will pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to is payable for 180 months or for the Executive for 15 yearsExecutive’s lifetime, whichever is longer.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s 's Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit under described in this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 ten years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s 's Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 ten years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit under this section 2.2 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s 's Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 2.3 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 20 years.

Payment of Benefit. Beginning with the later of (x) the seventh month after the month in which the Executive’s 's Separation from Service occurs, or (y) the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 20 years.

Payment of Benefit. Beginning with the later of (x) the seventh (7th) month after the month in which the Executive’s 's Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in twelve (12) equal monthly installments on the first (1st) day of each month. The annual benefit shall be paid to the Executive for 15 yearsthe Executive's lifetime with a fifteen (15) - year term certain period.

Payment of Benefit. Beginning The Bank shall pay the Disability benefit to the Executive in 12 equal monthly installments on the first day of each month beginning with the later of (xi) the seventh month after the month in which the Executive’s Separation from Service occursService, or (yii) the month immediately after the month in which the Executive attains her Normal Retirement Age, the Bank shall pay the benefit under this section 2.2 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive for 15 years.

Payment of Benefit. Beginning with the later of (x) the seventh (7th) month after the month in which the Executive’s Separation from Service occursService, or (y) the month immediately after the month in which the Executive attains the Normal Retirement Age, the Bank shall pay the Disability benefit under this section 2.2 to the Executive in twelve (12) equal monthly installments on the first (1st) day of each month. The annual benefit shall be paid to the Executive for 15 yearsa fifteen (15) – year term certain period and is otherwise referred to as the salary continuation benefit.