Common use of Plan Termination Generally Clause in Contracts

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 36 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lake Shore Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.), Supplemental Executive Retirement Agreement

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Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 21 contracts

Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Bank of Marin Bancorp)

Plan Termination Generally. This Agreement The Bank may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date unilaterally terminate this Agreement is terminatedat any time. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 15 contracts

Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Company, the Bank and the Executive. The benefit , in which case the Executive shall be receive the Accrual Balance Early Termination Benefit, determined as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 33 (and permissible under Section 409A of the Code and the regulations thereunder).

Appears in 13 contracts

Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.Table A.

Appears in 12 contracts

Samples: Supplemental Executive Retirement Agreement (Plumas Bancorp), Supplemental Executive Retirement Agreement, Supplemental Executive Retirement Agreement

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 12 contracts

Samples: Deferred Compensation Agreement (Bancorp 34, Inc.), Executive Deferred Compensation Agreement (CBTX, Inc.), Deferred Compensation Agreement (Alamogordo Financial Corp)

Plan Termination Generally. This The Bank may unilaterally terminate this Agreement may be terminated only by a written agreement signed by the Bank and the Executiveat any time. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 10 contracts

Samples: Director Retirement Plan (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Old Line Bancshares Inc), Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveParticipant. The benefit shall be the Accrual Balance vested Deferral Account balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 3 or Article 34.

Appears in 9 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the ExecutiveDirector. The benefit hereunder shall be the Accrual Balance amount the Company has accrued with respect to the Company’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 8 contracts

Samples: Director Retirement Agreement (Orrstown Financial Services Inc), Director Retirement Agreement (Orrstown Financial Services Inc), Director Retirement Agreement (Orrstown Financial Services Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit hereunder shall be the Accrual Balance amount the Company has accrued with respect to the Company’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 8 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Salary Continuation Agreement (Madison County Financial, Inc.), Salary Continuation Agreement (Madison County Financial, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance amount the Bank has accrued with respect to the obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 8 contracts

Samples: Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3. The benefit shall be the Early Termination benefit as set forth on Schedule A determined as of the date of the termination of the Agreement.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)

Plan Termination Generally. This The Bank may unilaterally terminate this Agreement may be terminated only by a written agreement signed by the Bank and the Executiveat any time. The benefit shall be the Accrual Balance as of amount accrued by the date this Agreement is terminatedBank with respect to the Bank’s obligations hereunder. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 7 contracts

Samples: Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 6 contracts

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

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Early Termination benefit as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 5 contracts

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

Plan Termination Generally. This Except as otherwise provided herein, this Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The Upon such termination of the Agreement in accordance with this Section 8.2, the benefit shall be 100% of the Accrual Balance Account Value determined as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp), Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Early Termination benefit as set forth on Schedule A as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 4 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance vested benefit as specified in Article 2 or Article 3 as applicable as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminatedEmployee. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 4 contracts

Samples: Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminatedDirector. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 3 contracts

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Fee Agreement (Central Valley Community Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance amount the Bank has accrued with respect to its obligations hereunder as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.. Rhinebeck Savings Bank New Director Fee Continuation Plan Agreement

Appears in 3 contracts

Samples: New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.)

Plan Termination Generally. This The Bank may unilaterally terminate this Agreement may be terminated only by a written agreement signed by the Bank and the Executiveat any time. The amount of the benefit shall be the Accrual Balance frozen as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Luther Burbank Corp), Salary Continuation Agreement (Luther Burbank Corp), Salary Continuation Agreement (Luther Burbank Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveCompany. The benefit hereunder shall be the Executive Benefit Accrual as of the date the Agreement is terminated, except, however, in the event a Change of Control has occurred, the benefit shall be the Accrual Balance as of the date this Agreement is terminatedbenefit described in Section 2.5. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 3 contracts

Samples: Executive Supplemental Income Agreement (Peoples Financial Corp /MS/), Executive Supplemental Income Agreement (Peoples Financial Corp /MS/), Executive Supplemental Income Agreement (Peoples Financial Corp /MS/)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The Any termination of this Agreement shall not result in any loss of accrued benefits to the Executive, and the benefit to the Executive hereunder in the event of any such termination shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.38.4 below, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 33 of this Agreement.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the The Bank and the Executive. The benefit shall be the Accrual Balance as of the date Director may terminate this Agreement is terminatedat any time. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 3 contracts

Samples: Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Ohio Valley Banc Corp), Salary Continuation Agreement (Ohio Valley Banc Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Company, the Bank and the Executive. The benefit shall be the Accrual Balance Early Termination Benefit as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)

Plan Termination Generally. This Except as otherwise provided in Article 15.15, this Agreement may be terminated only by a written agreement signed by the Bank Employer and the Executive. The benefit hereunder shall be the Accrual Balance vested Annual Benefit as of the date this the Agreement is terminated. Except as provided in Section 8.3Article 15.15, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 Articles 3, 4, 5 or Article 36.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Plumas Bancorp), Executive Salary Continuation Agreement (Plumas Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance entire amount accrued by the Bank with respect to the Bank’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Juniata Valley Financial Corp), Salary Continuation Agreement (Juniata Valley Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.. Ameriana Bank, SB Supplemental Retirement Plan

Appears in 2 contracts

Samples: Supplemental Retirement Plan (Ameriana Bancorp), Supplemental Retirement Plan (Ameriana Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Corporation and the Executive. The benefit shall be the Accrual Balance Early Termination benefit as set forth on Schedule A as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

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

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made in the same form and at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Nexity Financial Corp), Salary Continuation Agreement (Nexity Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. However, the Bank may unilaterally terminate this Agreement to conform with written directives to the Bank from its banking regulators. The benefit upon such unilateral termination shall be the Accrual Balance Account Value as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.), Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 3.5. Nara Bank Long Term Incentive Agreement

Appears in 2 contracts

Samples: Long Term Incentive Agreement, Long Term Incentive Agreement (Nara Bancorp Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the The Bank and the Executive. The benefit shall be the Accrual Balance as of the date Executive may terminate this Agreement is terminatedat any time. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp), Supplemental Executive Retirement Income Agreement (Home Federal Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the sum of: (a) the Accrual Balance as of the date this Agreement is terminated; and (b) the Deferral Account balance. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Company, the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminatedDirector. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (Sussex Bancorp), Director Deferred Compensation Agreement (Sussex Bancorp)

Plan Termination Generally. This The Bank may unilaterally terminate this -------------------------- Agreement may be terminated only by a written agreement signed by the Bank and the Executiveat any time. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Pacific Premier Bancorp Inc), Salary Continuation Agreement (Pacific Premier Bancorp Inc)

Plan Termination Generally. This Agreement The Bank may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date unilaterally terminate this Agreement is terminatedat any time. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc), Executive Deferred Compensation Agreement (Green Bankshares, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.4, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 2 contracts

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

Plan Termination Generally. This Except as otherwise provided in Article 15.15, this Agreement may be terminated only by a written agreement signed by the Bank Employer and the Executive. The benefit hereunder shall be the Accrual Balance vested Annual Benefit as of the date this the Agreement is terminated. Except as provided in Section 8.3Article 15.15, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 Articles 3, 4, 5 or Article 3.6. XXXXX XXXXXXXXXX & LONG PC

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement, Executive Salary Continuation Agreement (Plumas Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under Under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Director Retirement Agreement (Alamogordo Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Company, the Bank and the Executive. The benefit shall be the Accrual Balance Early Termination. Benefit as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Retirement Plan (Ameriana Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon Bank of the Xxxxx Salary Continuation Agreement such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Bank of the James Financial Group Inc)

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Plan Termination Generally. This Except as otherwise provided herein, this Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The Upon such termination of the Agreement in accordance with Section 8.2, the benefit shall be 100% of the Accrual Balance Account Value determined as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Athens Bancshares Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance Stock Appreciation Rights Account as of the date this the Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Greer Bancshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance amount the Bank has accrued with respect to the Bank’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminatedDirector. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance amount the Bank has accrued with respect to the Bank’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Guaranty Bancshares Inc /Tx/)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the The Bank and the Executive. The benefit shall be the Accrual Balance as of the date Executive may terminate this Agreement is terminatedat any time. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Excess Benefit Plan Agreement (Home Federal Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and with written notice to the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (HCSB Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit hereunder shall be the Accrual Balance amount the Company has accrued with respect to the obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (First South Bancorp Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance amount the Bank has accrued with respect to its obligations hereunder as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.. Supplemental Executive Retirement Agreement

Appears in 1 contract

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

Plan Termination Generally. This The Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance amount the Company has accrued with respect to the Company’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (First Community Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance (as described in Exhibit A) as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Harvard Illinois Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. Executive The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Greer Bancshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Director Fee Continuation Agreement (MFB Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance amount the Bank has accrued with respect to its obligations hereunder as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.. New Director Fee Continuation Plan Agreement

Appears in 1 contract

Samples: New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Employer and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 34.

Appears in 1 contract

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

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.I.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (River Financial Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.36.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Account Value as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Central Valley Community Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance entire amount accrued by the Bank with respect to the Bank’s obligations hereunder as of the date this Agreement is terminated. Except as provided in Section 8.3Paragraph 11.3 below, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest permissible distribution event permitted under Article 2 or Article 3event.

Appears in 1 contract

Samples: Executive Supplemental Compensation Agreement (Five Star Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 32.

Appears in 1 contract

Samples: Director Retirement Agreement (Central Valley Community Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminatedDirector. Except as provided in Section 8.310.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance Account Value as of the date this Agreement is terminated. Except as provided in Section 8.3, the Ameriana Bank, SB Salary Continuation Plan termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Plan (Ameriana Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveJxxxx. The benefit hereunder shall be the Accrual Balance amount the Bank has accrued with respect to the Bank’s obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.33.7.5, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Compensation and Amendment Agreement (United Bancorporation of Alabama Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit hereunder shall be the Accrual Balance Account Value as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 32.

Appears in 1 contract

Samples: Salary Continuation Agreement (Beach First National Bancshares Inc)

Plan Termination Generally. This Except as otherwise provided in Section 8.3, this Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit upon termination shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Plumas Bancorp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 3 or Article 34.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Centerstate Banks of Florida Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.39.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 4 or Article 35.

Appears in 1 contract

Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the ExecutiveDirector. The benefit hereunder shall be the Accrual Balance Account Value as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 32.

Appears in 1 contract

Samples: Director Retirement Agreement (Beach First National Bancshares Inc)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank Company and the Executive. The benefit hereunder shall be the Accrual Balance amount the Company has accrued with respect to the obligations hereunder as of the date this the Agreement is terminated. Except as provided in Section 8.37.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon after such termination termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Acnb Corp)

Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance (as described in Schedule A) as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Penseco Financial Services Corp)

Plan Termination Generally. This The Bank may unilaterally terminate this Agreement may be terminated only by a written agreement signed by the Bank and the Executiveat any time. The benefit shall be the Accrual Balance as of the date this the Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

Appears in 1 contract

Samples: Salary Continuation Agreement (Regional Bankshares Inc)

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