Plan Termination Generally. The Company may unilaterally terminate this Agreement at any time. Except as provided in Section 7.3, 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 19 contracts
Samples: Salary Continuation Agreement, Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Plan Termination Generally. The Company and Director may unilaterally terminate this Agreement at any time. The benefits hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder, as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 13 contracts
Samples: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)
Plan Termination Generally. The Company and the Director may unilaterally terminate this Agreement at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder. Except as provided in Section 7.3, 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 7 contracts
Samples: Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)
Plan Termination Generally. The This Agreement may be terminated only by a written agreement signed by the Company may unilaterally terminate this Agreement at any timeand the Director. Except as provided in Section 7.38.3, 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 7 contracts
Samples: Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp)
Plan Termination Generally. The This Agreement may be terminated only by a written agreement signed by the Company may unilaterally terminate this Agreement at any timeand the Director. Except as provided in Section 7.310.3, 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 6 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Plan Termination Generally. The This Agreement may be terminated only by a written agreement signed by the Company may unilaterally terminate this Agreement at any timeand the Director. Except as provided in Section 7.39.3, 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 6 contracts
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.)
Plan Termination Generally. The Company and Executive may unilaterally terminate this Agreement at any time. The benefits hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder, as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 5 contracts
Samples: Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc)
Plan Termination Generally. The Company and Director may unilaterally terminate this Agreement at any time. Except as provided in Section 7.39.3, 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 4 or Article 35.
Appears in 4 contracts
Samples: Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Director Deferred Fee Agreement (Community Capital Corp /Sc/)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any time. Except as provided in Section 7.310.3, 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: Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.)
Plan Termination Generally. The Company may unilaterally terminate this Agreement unilaterally at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder. Except as provided in Section 7.3, 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 (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any timeunilaterally by written action. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder as of the date the Agreement is terminated. Except as provided in Section 7.311.3, 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 4 contracts
Samples: Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.), Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.), Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.)
Plan Termination Generally. The Agreement may be amended by the Company may unilaterally terminate this Agreement at any timeand Director. Except as provided in Section 7.39.3, 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 3 contracts
Samples: Director Revenue Neutral Retirement Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any time. Except as provided in Section 7.39.3, 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 4 or Article 35.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)
Plan Termination Generally. The Company and the Executive may unilaterally terminate this Agreement at any time. Except as provided in Section 7.3, 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 (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/), Salary Continuation Agreement (Community Capital Corp /Sc/)
Plan Termination Generally. The Company and Director may unilaterally terminate this Agreement at any time. The benefits hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder, as of the date of this Agreement is terminated. Except as provided in Section 7.39.13, 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 31 herein.
Appears in 3 contracts
Samples: Director Retirement Agreement, Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)
Plan Termination Generally. The Company and Executive may unilaterally terminate this Agreement at any time. The benefit hereunder shall be the Accrual Balance as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 (Westbury Bancorp, Inc.), Salary Continuation Agreement (Westbury Bancorp, Inc.)
Plan Termination Generally. The Company Corporation may unilaterally terminate this Agreement Plan at any time. Except as provided in Section 7.310.3, the termination of this Agreement Plan shall not cause a distribution of benefits under this AgreementPlan. 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 Plan (Choiceone Financial Services Inc), Director Deferred Compensation Plan (Choiceone Financial Services Inc)
Plan Termination Generally. The Company and the Executive may unilaterally terminate this Agreement at any time. The benefit hereunder shall be the Accrual Balance as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 (United Bancshares Inc/Oh), Salary Continuation Agreement (United Bancshares Inc/Oh)
Plan Termination Generally. The Company Corporation may unilaterally terminate this Agreement at any time. The benefit shall be the Account Value as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)
Plan Termination Generally. The Company and Executive may unilaterally by mutual agreement terminate this Agreement at any time. The benefit hereunder shall be the entire amount accrued by the Company with respect to the Company’s obligations hereunder. Except as provided in Section 7.3, 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 (MBT Financial Corp), Supplemental Executive Retirement Agreement (MBT Financial Corp)
Plan Termination Generally. The Agreement may be terminated by the Company may unilaterally terminate this Agreement at any timeand the Director. Except as provided in Section 7.310.3, 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 Fee Agreement, Director Deferred Fee Agreement (First Community Financial Corp)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any timeunilaterally by written action. In the event that the Company terminates this Agreement, the Participant will become 100% vested in the benefit described in Section 3.1 as of the date that the Company terminates this Agreement. Except as provided in Section 7.312.3, 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 2 contracts
Samples: Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc)
Plan Termination Generally. The This Agreement may be terminated only by a written agreement signed by the Company may unilaterally terminate this Agreement at any timeand the Officer. Except as provided in Section 7.39.3, 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 2 contracts
Samples: Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.)
Plan Termination Generally. The Company and Executive may unilaterally terminate this Agreement at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder. Except as provided in Section 7.3, 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 (Sussex Bancorp), Salary Continuation Agreement (Sussex Bancorp)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any timeunilaterally by written action. The benefit hereunder shall be the “Accrual Balance” as set forth on Schedule A as of the date the Agreement is terminated. Except as provided in Section 7.3, 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 (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)
Plan Termination Generally. The Company and Executive may unilaterally by mutual agreement terminate this Agreement at any time. The benefit hereunder shall be the entire amount accrued by the Company with respect to the Company's obligations hereunder. Except as provided in Section 7.3, 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: Supplemental Executive Retirement Agreement (MBT Financial Corp)
Plan Termination Generally. The This Agreement may be terminated only by a written agreement signed by the Company may unilaterally terminate this Agreement at any timeand the Director. Except as provided in Section 7.310.3, 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 1 contract
Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)
Plan Termination Generally. The Company Corporation may unilaterally terminate this Agreement at any timetime upon 90 days advance written notice to the Director. Except as provided in Section 7.310.3, 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 1 contract
Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Plan Termination Generally. The Company and Director may unilaterally terminate this Agreement at any timetime by written agreement. Except as provided in Section 7.39.3, 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 or Section 7.1.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc)
Plan Termination Generally. The Company and Executive may unilaterally terminate this Agreement at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the obligations hereunder as of the date the Agreement is terminated. Except as provided in Section 7.3, 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. The Company and the Director may unilaterally mutually terminate this Agreement at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder as of the date the Agreement is terminated. Except as provided in Section 7.38.3, 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
Plan Termination Generally. The Company may unilaterally terminate this Agreement unilaterally at any time. The benefit hereunder shall be the amount the Company has accrued with respect to the Company’s obligations hereunder. Except as provided in Section 7.3, 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 (Eagle Bancorp Montana, Inc.)
Plan Termination Generally. The Company may unilaterally terminate this Agreement at any timetime upon ninety (90) days advance written notice to Director. Except as provided in Section 7.310.3, 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 1 contract
Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)
Plan Termination Generally. The Company and Executive may unilaterally terminate this Agreement at any timetime by written agreement. Except as provided in Section 7.39.3, 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 or Section 7.1.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (Coastal Banking Co Inc)
Plan Termination Generally. This Agreement may be terminated by the Company and Executive. The benefit shall be the amount the Company may unilaterally terminate this has accrued with respect to the Company’s obligations hereunder as of the date the Agreement at any timeis terminated. Except as provided in Section 7.38.3, 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. The Company may unilaterally terminate this Agreement at any time. The benefit shall be the Accrual Balance as of the date the Agreement is terminated. Except as provided in Section 7.38.3, 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 Agreement (Fentura Financial Inc)
