Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-sum payment no later than 60 days after the Director's Termination of Service.

Appears in 15 contracts

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

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Payment of Benefit. The Company shall pay the benefit determined under Section 2.2.1 to the Director in a lump-lump sum payment no later than 60 within 30 days after the Director's following Termination of Service.

Appears in 10 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement, Director Retirement Agreement (Sierra Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's following Termination of Service.

Appears in 8 contracts

Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc), Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp)

Payment of Benefit. The Company shall pay the benefit to the Director Director's beneficiary in a lump-lump sum payment no later than within 60 days after following the Director's Termination of Servicedeath.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (Tib Financial Corp.), Director Deferred Fee Agreement (Cooperative Bankshares Inc), Director Deferred Fee Agreement (Cooperative Bankshares Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than payable within 60 days after of the Director's Termination of Service.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (North Valley Bancorp), Director Deferred Fee Agreement (North Valley Bancorp), Director Deferred Fee Agreement (North Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's Termination of Service.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (Iowa First Bancshares Corp), Standard Office Lease (Orange National Bancorp), Director Deferred Fee Agreement (Tib Financial Corp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-single lump sum payment no later than within 60 days after the Director's Termination of Service.

Appears in 5 contracts

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's ’s Termination of Service.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's Termination Change of ServiceControl.

Appears in 4 contracts

Samples: Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/)

Payment of Benefit. The Company shall pay the benefit to the Director beneficiary in a lump-lump sum payment no later than within 60 days after following the Director's Termination of Service’s death.

Appears in 4 contracts

Samples: Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within 30 days after the Director's Termination of Service.

Appears in 3 contracts

Samples: Director Deferred Fee Agreement (First Community Bancshares Inc /In), Deferred Fee Agreement (Lafayette Bancorporation), Director Deferred Fee Agreement (First Community Bancshares Inc /In)

Payment of Benefit. The Company shall pay the benefit amount to the Director in a lump-lump sum payment no later than 60 within sixty (60) days after following the Director's Termination of Service.

Appears in 2 contracts

Samples: Director Retirement Agreement (Oak Valley Bancorp), Director Retirement Agreement (Oak Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-sum payment no later than 60 days after the Director's ’s Termination of Service.

Appears in 2 contracts

Samples: Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (Smithtown Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within 90 days after the Director's Termination of Service.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Director Directors beneficiary in a lump-lump sum payment no later than 60 within sixty (60) days after following the Director's Normal Termination of ServiceDate.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Commerce National Corp), Stock Appreciation Rights Agreement (Commerce National Corp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within thirty (30) days after the Director's ’s Termination of Service.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp), Deferred Fee Agreement (Central Valley Community Bancorp)

Payment of Benefit. The Company shall pay the this benefit to the Director in a lump-lump sum payment no later than 60 within 3 days after the Director's Termination of Service.

Appears in 2 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within sixty (60) days after following the Director's Normal Termination of ServiceDate.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Commerce National Corp), Stock Appreciation Rights Agreement (Commerce National Corp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after following the Director's Termination of Service.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Cooperative Bankshares Inc), Director Deferred Fee Agreement (Cooperative Bankshares Inc)

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Payment of Benefit. The Company shall pay the benefit to the Director in a lump-single lump sum payment no later than 60 within sixty (60) days after the Director's of Termination of Service.

Appears in 1 contract

Samples: Directors Deferred Income Agreement (Peoples Financial Corp /MS/)

Payment of Benefit. The Company Corporation shall pay the benefit to the Director in (or his beneficiary if Termination of Service was due to death)in a lump-lump sum payment no later than within 60 days after of the Director's Early Termination of ServiceDate.

Appears in 1 contract

Samples: Director Retirement Agreement (Esb Financial Corp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within 90 days after the Director's ’s Termination of Service.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (HCSB Financial Corp)

Payment of Benefit. The Company company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's Termination of Service.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Community Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after following the Director's Termination of Service’s Normal Retirement Date.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc)

Payment of Benefit. The Company shall pay the benefit amount to the Director in a lump-lump sum payment no later than within 60 days after the Director's following Termination of Service.

Appears in 1 contract

Samples: Director Retirement Agreement (Cooperative Bankshares Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within sixty (60) days after the Director's Termination of Service.

Appears in 1 contract

Samples: Deferred Fee Agreement (Lawrence Financial Holdings Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than within 60 days after the Director's Termination of Service.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (National Penn Bancshares Inc)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within sixty (60) days after the Director's following Termination of Service.

Appears in 1 contract

Samples: Director Retirement Agreement (Oak Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within 30 days after the Director's following Termination of Service.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Community Financial Corp /Va/)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-lump sum payment no later than 60 within sixty (60) days after the Director's following Termination of Service. Payment to Specified Employees shall be made on the first day of the seventh (7th) month following Termination of Employment.

Appears in 1 contract

Samples: Director Retirement Agreement (Oak Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit to the Director in a lump-sum payment no later than lump stun within 60 days after the Director's following Termination of Service.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc)

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