Common use of Payment of Benefit Clause in Contracts

Payment of Benefit. The Company shall pay the benefit to the Director in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing for one hundred nineteen (119) additional months.

Payment of Benefit. The Beginning with the month immediately after the month in which the Director’s Separation from Service occurs, the Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with month. The annual benefit shall be paid to the month following the Director’s Termination of Service and continuing Director for one hundred nineteen (119) additional monthsten years.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s 's Termination of Service and continuing Service. This annual benefit shall be paid to the Director for one hundred nineteen (119) additional months15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Director Director's beneficiary in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing 's death. This annual benefit shall be paid to the Director's beneficiary for one hundred nineteen (119) additional months15 years.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing Service. The Company shall pay the annual benefit to the Director for one hundred nineteen twelve (11912) additional monthsyears.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing Service. The Company shall pay the annual benefit to the Director for one hundred nineteen twelve (11912) additional months.years. The following Section 2.3.3 shall be added to the Agreement immediately following Section 2.3.2:

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s 's Termination of Service and continuing Service. The annual benefit shall be paid to the Director for one hundred nineteen 20 years, or as elected on the Election Form (119) additional monthsExhibit 2). The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s 's Termination of Service and continuing Service. The annual benefit shall be paid to the Director for one hundred nineteen (119) additional months20 years. The Company shall credit interest pursuant to Section 3.1.2 on the remaining account balance during any applicable installment period.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing Service, paying the annual benefit to the Director for one hundred nineteen (119) additional monthsa period of 10 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Director in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following a Change of Control, payable to the Director’s Termination Director for a period of Service and continuing for one hundred nineteen ten (11910) additional monthsyears.

Payment of Benefit. The Company shall pay the annual benefit amount to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing Service, payable to the Director for one hundred nineteen (119) additional monthsa period of 10 years.

Payment of Benefit. The Company shall pay the annual benefit amount to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing unless the Director is a Specified Employee in which case the Company shall pay the annual benefit commencing with the seventh (7th) month following Termination of Employment. . The annual benefit shall be paid to the Director for one hundred nineteen ten (11910) additional monthsyears.

Payment of Benefit. The Company shall pay the benefit to the Director in twelve one hundred twenty (12120) equal monthly installments payable installments, including interest at the Payment Rate, commencing on the first day of each month commencing with the month following the Director’s Termination of Service and continuing for one hundred nineteen (119) additional monthsNormal Retirement Date.

Payment of Benefit. The Company shall pay the annual benefit amount to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service 's Normal Retirement Date and continuing for one hundred nineteen (119) 119 additional months.

Payment of Benefit. The Company shall pay the annual benefit amount to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service and continuing Service. The annual benefit shall be paid to the Director for one hundred nineteen ten (11910) additional monthsyears.

Payment of Benefit. The Company shall pay the benefit to the Director in twelve (12) equal monthly installments payable on commencing with the first day of each month commencing with the month following the Director’s Termination date on which the Director is determined to be totally and permanently disabled, paying the annual benefit to the Director for a period of Service and continuing for one hundred nineteen five (1195) additional monthsyears.

Payment of Benefit. The Company Corporation shall pay the annual benefit to the Director in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Director’s 's Termination of Service and continuing for one hundred nineteen (119) additional monthsthe 59 months that follow.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s Termination of Service 's Normal Retirement Date and continuing for one hundred nineteen (119) 119 additional months.

Payment of Benefit. The Company shall pay the benefit to the Director in twelve (12) 12 equal monthly installments payable on commencing within 90 days after the first day date of each month commencing with the month following the Director’s 's Termination of Service and continuing for one hundred nineteen (119) 119 additional months.

Payment of Benefit. The Company shall pay the benefit to the Director in twelve (12) 120 equal monthly installments payable installments, including interest at the Final Crediting Rate, compounded monthly, commencing on the first day of each month commencing with the month following the Director’s 's Termination of Service and continuing for one hundred nineteen (119) additional monthsService.

Payment of Benefit. The Company shall pay the annual benefit to the Director in twelve (12) 12 equal monthly installments payable on the first day of each month commencing with the month following the Director’s 's Termination of Service Service. The Company shall pay the annual benefit to the Director for 12 years. The Company, in its sole and continuing for one hundred nineteen (119) additional months.absolute discretion, may pay the present value of the remaining annual installments in a lump sum, at any time, using an 8 % discount rate. ARTICLE 3