Plan Termination Generally. This Agreement may be terminated only by a written agreement signed for Two River Community Bank and by the Executive. The benefit hereunder shall be the amount that Two River Community Bank has accrued with respect to Two River Community Bank’s obligations hereunder as of the date 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, after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.
Appears in 6 contracts
Samples: Two River Community Bank Supplemental Executive Retirement Agreement (Two River Bancorp), Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)
