Post-Retirement Services Clause Samples

Post-Retirement Services. During the period in which payments are being made to a Participant under this Plan, the Participant shall provide a reasonable level of advisory, consulting and public relations services as necessary, in the discretion of the Board, to the Company at its reasonable request, in order that the Company may continue to benefit from the Participant's experience, knowledge, reputation and contacts in the industry. The Participant shall be available to advise and counsel the Company's officers, directors and employees at all reasonable times by telephone, mail, e-mail or in person, but in no event exceeding 10 hours per month. However, the Participant's failure to render such services or to give such advice and counsel due to illness or Disability shall not affect his or her right to receive payments under this Plan. The Participant shall be deemed to be an independent contractor during any period in which such advisory, consulting and public relations services are being rendered, and as such shall not be subject to control and direction by the Company, but shall be subject to his or her own control and direction in the performance of such services. The Company shall reimburse the Participant for any reasonable expenses incurred by the Participant in performing such advisory, consulting and public relations services.

Post-Retirement Services. On your retirement Date, you will cease to be a regular, active employee of the Company. After your Retirement Date and continuing for the period until you attain age 65, in consideration for the continuation of the Transition Payment set forth in Section 4 and other benefits set forth in Section 5, you agree to render additional services as requested jointly by the Successor CEO and the Board, after consultation with you and upon reasonable efforts to schedule such assistance so as not to materially disrupt your business and personal affairs, which services will not exceed an average of more than 20% of the hours you previously worked for the Company. a. You will work with the Successor CEO, the Board, shareholders, employees (without asserting direct influence over senior management members), customers, an appropriate industry leaders and groups to facilitate an effective transition of the leadership of the Company to the Successor CEO. b. At the Company’s request, and subject to your right to indemnification, you will cooperate and provide assistance to the Company in any pending or future claims or lawsuits involving the Company or any of its subsidiaries where you have knowledge of the underlying facts. c. While you are performing these services, you are an independent contractor and are not an employee, partner, or co-venturer of, or in any other service relationship with the Company. The manner in which you render these services will be within your sole control and discretion. Without limiting the foregoing, you are not authorized to assume or create any obligation or responsibility, express or implied, on behalf of, or in the name of, the Company or to bind the Company in any manner without the prior express written authorization from the Company. d. The Company will pay or reimburse you in accordance with its policies for any reasonable, documented business expenses incurred in performing such services, provided the Successor CEO or the Board has agreed to such expenses in advance of any expense incurred. Expenses that qualify for reimbursement will be paid by the Company in accordance with its current practices.

Post-Retirement Services. Following Executive’s Retirement Date, the parties agree that Executive shall continue to provide certain regional banking services, as may be requested from time to time by the Chief Executive Officer of the Bank, through and until December 31, 2018, at which time Executive shall cease to be employed by the Bank in any capacity.

Post-Retirement Services. Upon the earlier to occur of Executive's termination of employment by the Corporation or expiration of this Agreement, the Corporation agrees to provide Executive with such Post-retirement services, facilities and other arrangements as were provided to Executive prior to his re-employment by the Corporation in accordance with Section 11 of his Prior Agreement, for the remainder of his life (and with respect to financial and tax planning services, for the remainder of his spouse's life).