Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days of the Executive's Termination of Employment.

Appears in 7 contracts

Samples: Executive Deferred Compensation Agreement (North Valley Bancorp), Executive Deferred Compensation Agreement (North Valley Bancorp), Executive Deferred Compensation Agreement (North Valley Bancorp)

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

Appears in 5 contracts

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

Payment of Benefit. The Company Bank shall pay the benefit to the Executive in a lump sum payable within 60 days of following the Executive's Termination of Employment.

Appears in 5 contracts

Samples: Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Deferred Compensation Agreement (Quad City Holdings Inc), Executive Deferred Compensation Agreement (QCR Holdings Inc)

Payment of Benefit. The Company company shall pay the benefit to the Executive in a lump sum payable within 60 days of the Executive's following Termination of Employment.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the this benefit to the Executive in a single lump sum payable within 60 sixty (60) days of the Executive's following Termination of EmploymentEmployment subsequent to a Change in Control.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Team Financial Inc /Ks), Salary Continuation Agreement (Team Financial Inc /Ks), Salary Continuation Agreement (Team Financial Inc /Ks)

Payment of Benefit. The Company company shall pay the benefit to the Executive in a lump sum payable within 60 days of the Executive's Termination a Change of EmploymentControl.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum payable within 60 sixty (60) days of after the Executive's Termination of Employment.

Appears in 4 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks)

Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum payable within 60 sixty (60) days of the Executive's Termination of Employment.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days of following the Executive's Termination of Employment.

Appears in 4 contracts

Samples: Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Deferred Compensation Agreement (QCR Holdings Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days of after the Executive's Termination of Employment.

Appears in 4 contracts

Samples: Executive Deferred Compensation Agreement (Iowa First Bancshares Corp), Executive Deferred Compensation Agreement (Iowa First Bancshares Corp), Executive Deferred Compensation Agreement (Iowa First Bancshares Corp)

Payment of Benefit. The Company shall pay the benefit in a single lump sum to the Executive in a lump sum payable within 60 sixty (60) days of following the Executive's Termination of Employment.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Team Financial Inc /Ks), Salary Continuation Agreement (Team Financial Inc /Ks), Salary Continuation Agreement (Team Financial Inc /Ks)

Payment of Benefit. The Company company shall pay the benefit to the Executive in a lump sum payable within 60 days following a Change of the Executive's Termination of EmploymentControl.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days after the date of the Executive's Termination of Employment.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Lake Ariel Bancorp Inc), Salary Continuation Agreement (Lake Ariel Bancorp Inc), Salary Continuation Agreement (Lake Ariel Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive Executive’s beneficiary in a lump sum payable within 60 days of from the Executive's Termination of Employment’s death.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)

Payment of Benefit. The Company company shall pay the benefit to the Executive in a lump sum payable within 60 sixty (60) days of the Executive's following Termination of Employment.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum payable payment within 60 sixty (60) days of the Executive's following Termination of Employment.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

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

Appears in 2 contracts

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

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump lump-sum payment payable within 60 days following the date of Termination of Employment an amount equal to the present value of the Executive's Termination of Employmentbenefit calculated at Section 2.4.1.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Tib Financial Corp.), Salary Continuation Agreement (Tib Financial Corp.)

Payment of Benefit. The Company shall pay the annual benefit to the Executive in a lump sum payable within 60 sixty (60) days of the Executive's following Termination of Employment.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Oak Valley Bancorp), Salary Continuation Agreement (Oak Valley Bancorp)

Payment of Benefit. The Company shall pay the benefit Change of Control Benefit to the Executive in a lump sum payable within 60 sixty (60) days of after the Executive's Termination of Employment.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Firstbank Corp/Id), Salary Continuation Agreement (Firstbank Corp/Id)

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Payment of Benefit. The Company shall pay the benefit amount to the Executive in a lump sum payable within 60 days of after the Executive's ’s Termination of Employment.

Appears in 2 contracts

Samples: Salary Continuation Agreement (First Keystone Corp), Salary Continuation Agreement (First Keystone Corp)

Payment of Benefit. The Company company shall pay the benefit to the Executive in a lump sum payable within 60 days of the following Executive's Termination of Employment’s Separation from Service.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit amount to the Executive in a lump sum payable within 60 days of the Executive's following Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 sixty (60) days of the Executive's following Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive Executive's beneficiary in a lump sum payable within 60 days of the death of the Executive's Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable which is to be paid within 60 days of following the Executive's Termination of Employment.

Appears in 1 contract

Samples: Executive Phantom Stock Agreement (Belmont Bancorp)

Payment of Benefit. The Company Employer shall pay the benefit to the Executive Executive’s beneficiary in a lump sum payable within 60 days of following the Executive's Termination of Employment’s death.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days of after the Executive's Termination ’s termination of Employment.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable present value payment based on the Discount Rate within 60 sixty (60) days of the Executive's following Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (Greer Bancshares Inc)

Payment of Benefit. The Company Employer shall pay the benefit to the Executive Executive's beneficiary in a lump sum payable within 60 days of following the Executive's Termination of Employmentdeath.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 days of the Executive's after Termination of Employment.

Appears in 1 contract

Samples: Executive Incentive Retirement Agreement (Ridgestone Financial Services Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive in a lump sum payable within 60 sixty (60) days of after the Executive's Termination of Employment.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Lawrence Financial Holdings Inc)

Payment of Benefit. The Company shall pay the benefit to the Executive Executive's beneficiary in a lump sum payable within 60 days of the date of death of the Executive's Termination of Employment.

Appears in 1 contract

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc)

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