Common use of Payment of Benefit Clause in Contracts

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

Appears in 8 contracts

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

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

Appears in 7 contracts

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

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

Appears in 5 contracts

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

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

Appears in 5 contracts

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

Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum within 60 days no earlier than the date which is six (6) months after Termination of Employment.

Appears in 4 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 shall pay the benefit to the Executive in a single lump sum within 60 days after the Executive's Termination of Employment.

Appears in 4 contracts

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

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

Appears in 4 contracts

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

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

Appears in 4 contracts

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

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

Appears in 4 contracts

Samples: Deferred Compensation Agreement (QCR Holdings Inc), 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 single lump sum within 60 days after the date of the Executive's Termination of Employment.

Appears in 3 contracts

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

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

Appears in 2 contracts

Samples: 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 single lump sum within 60 days after Termination of Employmentfollowing Executive’s Separation from Service.

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum to the Executive within 60 thirty (30) days after following the Executive's Termination of Employment.

Appears in 2 contracts

Samples: Continuation Agreement (Southside Bancshares Corp), Continuation Agreement (Southside Bancshares Corp)

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

Appears in 1 contract

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)

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

Appears in 1 contract

Samples: Compensation Agreement (Lawrence Financial Holdings Inc)

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

Appears in 1 contract

Samples: Incentive Retirement Agreement (Ridgestone Financial Services Inc)

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

Appears in 1 contract

Samples: Phantom Stock Agreement (Belmont Bancorp)

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

Appears in 1 contract

Samples: Continuation Agreement (Temecula Valley Bancorp Inc)

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

Appears in 1 contract

Samples: Employment Agreement (Greer Bancshares Inc)

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