Common use of Primary Benefit Clause in Contracts

Primary Benefit. The benefit under this Section 4.1.1 is the Deferral Account balance at end of the Plan Year immediately preceding the director's death. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death.

Primary Benefit. The benefit under this Section 4.1.1 3.1.1 is the Deferral Account balance at end of the Plan Year immediately preceding the director's deathNormal Retirement Date. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's deathTermination of Service.

Primary Benefit. The benefit under this Section 4.1.1 3.3.1 is the Deferral Account balance at end of the Plan Year immediately preceding the directorDirector's deathTermination of Service. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's deathTermination of Service.

Primary Benefit. The benefit under this Section 4.1.1 3.1.1 is the Deferral Account balance at the end of the Plan Year immediately preceding the director's deathNormal Retirement Date. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death’s Termination of Service.

Primary Benefit. The benefit under this Section 4.1.1 3.1.1 is the Deferral Account balance at end of the Plan Year Anniversary immediately preceding the director's deathNormal Retirement Date. The Company shall pay the primary benefit in ten (10) 15 equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's deathNormal Retirement Date.

Primary Benefit. The benefit under this Section 4.1.1 3.3.1 is the Deferral Account balance at the end of the Plan Year immediately preceding the director's deathDirector’s Termination of Service. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death’s Termination of Service.

Primary Benefit. The benefit under this Section 4.1.1 3.2.1 is the Deferral Account balance at the end of the Plan Year immediately preceding the director's deathDirector’s Termination of Service multiplied by the Vesting Percentage. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death’s Termination of Service.