Common use of PAYMENT OF MONTHLY INSTALLMENTS Clause in Contracts

PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the Executive’s Separation from Service due to resignation, removal, failure to be re-elected, or the Executive’s sixty-fifth (65th) birthday.

Appears in 2 contracts

Samples: Executive Deferred Compensation Agreement (LINKBANCORP, Inc.), Executive Deferred Compensation Agreement (GNB Financial Services Inc)

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PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the ExecutiveDirector’s Separation from Service due to resignation, removal, failure to be re-elected, or the ExecutiveDirector’s sixty-fifth (65th) birthday.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (GNB Financial Services Inc)

PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the end of the Executive’s Separation from Service term of office due to resignation, removal, failure to be re-elected, or the Executive’s 's sixty-fifth (65th) birthdaybirthday or five (5) years from October 28, 2001, whichever is later.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (LINKBANCORP, Inc.)

PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the Executiveend of the Director’s Separation from Service term of office due to resignation, removal, failure to be re-elected, or the ExecutiveDirector’s sixty-fifth ( ) birthday or five (65th5) birthdayyears from , whichever is later.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (GNB Financial Services Inc)

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PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the Executiveend of the Director’s Separation from Service term of office due to resignation, removal, failure to be re-elected, or the ExecutiveDirector’s sixty-fifth (65th) birthdaybirthday or five (5) years from October 26, 2001, whichever is later.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.)

PAYMENT OF MONTHLY INSTALLMENTS. Installment payments of deferred amounts shall commence on the first day of the calendar month following the end of the Executive’s Separation from Service term of office due to resignation, removal, failure to be re-elected, or the Executive’s sixty-fifth (65th) birthdaybirthday or five (5) years from , whichever is later.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (GNB Financial Services Inc)

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