Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the last day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement AgeDate, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 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 annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit to the Executive in monthly installments, each equal to 1/12th of such annual benefit, on the first day of each month. The annual benefit monthly installments shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years240 months.

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month after the Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, Date and continuing on for the first greater of each month thereafter for a total period of twenty (20) yearsthe Executive’s life or an additional 179 months.

Payment of Benefit. Beginning with the month after the Executive’s Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing on the first day of with the month following the Executive’s attainment of Normal Retirement Age, and continuing on paying the first of each month thereafter annual benefit to the Executive for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the Early Termination annual benefit to the Executive in 12 equal monthly installments, payable on the last day of each month, beginning with the month after the Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments, payable on the last day of each month, beginning with the month after the Executive's Normal Retirement Date. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month after the Executive's Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on Date. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on . The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. Beginning with the month after the Executive’s Normal Retirement Date, the Bank shall pay the Change-in-Control benefit amount to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month immediately after the month in which the Executive attains the Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month within ninety (90) days following the Executive’s attainment of Normal Retirement Age, Date and continuing payable on the first of each month thereafter thereafter. The annual benefit shall be paid to the Executive for a total period of twenty ten (2010) years.

Payment of Benefit. Beginning the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this 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 in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. Beginning 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 in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Company shall pay the annual benefit shall be paid described in Section 2.4.1 above to the Executive in twelve (12) equal monthly installments commencing payable on the first day of each month commencing with the month following the Executive’s attainment of Normal Retirement Age, and continuing on . Such annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) consecutive years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of with the month following the Executive’s attainment of Normal Retirement Age, Age and continuing payable on the first of each month thereafter thereafter. The annual benefit shall be paid to the Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The 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. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years, after which the Bank’s obligations under this Agreement shall lapse and forever expire.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month immediately after the month in which the Executive attains Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The annual benefit Bank shall be paid pay the Normal Retirement Benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of 's Normal Retirement Age, and continuing on Date. The Normal Retirement Benefit shall be paid to the first of each month thereafter Executive for a total period of twenty fifteen (2015) years.

Payment of Benefit. The Bank shall pay the annual normal retirement benefit to the Executive each year for a period of 15 years. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the lapse of six months after the Executive’s attainment of Normal Retirement Age, Date and continuing on for the first of each month thereafter for 179 months thereafter, resulting in a total period of twenty (20) years180 payments.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank will pay the benefit under this section 2.1 to the Executive in equal monthly installments on the last day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years180 months.

Payment of Benefit. Beginning with the month after the Executive's Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning with the month immediately after the month in which the Executive attains the Normal Retirement Age. The Normal Retirement annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearshis lifetime.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing on the first day of with the month following the Executive’s attainment of Normal Retirement Age, and continuing on paying the first of each month thereafter annual benefit to the Executive for a total period of twenty (20) 20 years. However, in lieu of any other benefit under this Agreement the Executive may petition the Bank in writing to request a lump sum payable within 60 days from Termination of Employment. The Bank in its sole and absolute discretion may accept or reject such written request.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearslifetime.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of the month, beginning with the month immediately after the month in which the Executive attains Normal Retirement Age. The Normal Retirement annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years180 months.

Payment of Benefit. The annual benefit Bank shall be paid pay the Annual Benefit to the Executive in twelve (12) equal monthly installments commencing on with the first day of the month following the Executive’s attainment of date the Executive attains Normal Retirement Age, and continuing on shall continue payments to the first of each month thereafter Executive for a total period of twenty (20) years. Commencing on the first anniversary of the first of the month following the date the Executive attains Normal Retirement Age and continuing on each subsequent anniversary, the Bank shall increase the benefit by three percent (3%) from the previous anniversary date.

Payment of Benefit. The annual benefit Bank shall be paid pay the Annual Benefit to the Executive in twelve (12) equal monthly installments commencing on with the first day of the month following the Executive’s attainment of date the Executive attains Normal Retirement Age, and continuing on shall continue payments to the first of each month thereafter Executive for a total period of twenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing on the first day of with the month following the Executive’s attainment of Normal Retirement Age, and continuing on paying the first of each month thereafter annual benefit to the Executive for a total period of twenty (20) 20 years. However, in lieu of any other benefit under this Agreement the Executive may petition the Bank in writing to request a lump sum payable within 60 days from the Executive’s Normal Retirement Date. The Bank in its sole and absolute discretion may accept or reject such written request.

Payment of Benefit. Beginning with the month after the Executive attains Normal Retirement Age, the Bank shall pay the Early Termination benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day for life with 15 years of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearspayments guaranteed.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank will pay the benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.lifetime. 2.2

Payment of Benefit. Beginning with the month after the Executive’s Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day for life with 15 years of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearspayments guaranteed.

Payment of Benefit. Beginning with the month immediately after the month in which Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) 12 equal monthly installments commencing on the first day of with the month following the Executive’s attainment of Normal Retirement Age, and continuing on paying the first of each month thereafter annual benefit to the Executive for a total period of twenty (20) seventeen years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank will pay the annual benefit to the Executive in equal monthly installments on the last day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) ten years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains age 65, the Bank will pay the annual benefit to the Executive in equal monthly installments on the last day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the benefit under this section 2.1 to the Executive in equal monthly installments on the last day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years180 months.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning in the month immediately after the Executive’s Normal Retirement Age. This annual benefit shall be paid to the Executive in twelve for 15 years (12) equal 180 monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearspayments).

Payment of Benefit. The Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following each month. The annual benefit is payable for 180 months or for the Executive’s attainment of Normal Retirement Agelifetime, and continuing on the first of each month thereafter for a total period of twenty (20) yearswhichever is longer.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank will pay the benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years.lifetime. 2.5

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on 65th birthday. The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty (20) years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on . The annual benefit shall be paid to the first of each month thereafter Executive for a total period of twenty (20) years.

Payment of Benefit. The Bank shall pay the annual normal retirement benefit to the Executive each year for a period of 15 years. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month immediately following the Executive’s attainment of Normal Retirement Age, Date and continuing on for the first of each month thereafter for 179 months thereafter, resulting in a total period of twenty (20) years180 payments.

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the Early Termination Annual Benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank will pay the benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall will be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearslifetime.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 20 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit described in this section 2.1 to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in ( ) equal monthly installments payable on the first (1st) day of each month, beginning with the month immediately after the month in which the Executive attains the Normal Retirement Age. The Normal Retirement annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for 's lifetime with a total period of twenty (20( ) years- year term certain period.

Payment of Benefit. Beginning with the month after the Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the last day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month after the Executive's Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the last day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit described in this section 2.1 to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. Beginning with the month after the Executive’s Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 10 years.

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) ten years.

Payment of Benefit. The Bank shall pay the annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on with the first day of the month following the Executive’s attainment of Executive attaining Normal Retirement Age, and continuing on paying the first of each month thereafter annual benefit to the Executive for a total period of twenty (20) years.

Payment of Benefit. Beginning with the month after the Executive's Normal Retirement Date, the Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day for life with 15 years of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearspayments guaranteed.

Payment of Benefit. The Bank shall pay the annual benefit to the Executive in 12 equal monthly installments on the first day of each month, beginning with the month immediately after the month in which the Executive attains Normal Retirement Age. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) 15 years.

Payment of Benefit. The annual benefit Bank shall pay the Annual Benefit to the Executive in 12 equal monthly installments payable on the first day of each month, beginning in the month immediately after the Executive’s Normal Retirement Age. This Annual Benefit shall be paid to the Executive in twelve for 15 years (12) equal 180 monthly installments commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearspayments).

Payment of Benefit. Beginning with the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) years's lifetime.

Payment of Benefit. Beginning in the month immediately after the month in which the Executive attains Normal Retirement Age, the Bank shall pay the annual benefit to the Executive in equal monthly installments on the first day of each month. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following for the Executive’s attainment of Normal Retirement Age, and continuing on the first of each month thereafter for a total period of twenty (20) yearslifetime.