Postponed Retirement Benefit. In the event Retirement Age is postponed, the postponed retirement benefit shall be equal to the Retirement Benefit, unless the Board of Directors, in the exercise of its sole discretion, elects to increase the Retirement Benefit. Payment of the postponed Retirement Benefit shall commence on the first business day of the month after the Officer attains the postponed Retirement Age.
Appears in 4 contracts
Samples: Employment Agreement (United Bancshares Inc/Oh), Supplemental Income Agreement (First Community Financial Group Inc), Supplemental Income Agreement (First Community Financial Group Inc)