Rabbi Trust. Within 10 days of a Change of Control, a rabbi trust shall be established and shall at all times be funded with assets at least equal to the present value of the unpaid balance of the Normal Retirement Benefit. A discount rate no greater then the ten year Treasury note shall be used in calculating present value.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Norwood Financial Corp), Salary Continuation Agreement (Norwood Financial Corp), Salary Continuation Agreement (Norwood Financial Corp)
Rabbi Trust. Within 10 90 days of a Change in Control of Controlthe Corporation, a rabbi trust shall be established and shall at all times be funded with assets at least equal to the present value of the unpaid balance of the Normal Retirement BenefitExecutive's vested benefit. A discount rate no greater then than the ten year Treasury note shall be used in calculating present value.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp)
Rabbi Trust. Within 10 90 days of a Change of Control, a rabbi trust shall be established and shall at all times be funded with assets at least equal to the present value of the unpaid balance of the Normal Retirement Benefit. A discount rate no greater then than the ten year Treasury note shall be used in calculating present value.
Appears in 1 contract
Samples: Salary Continuation Agreement (Codorus Valley Bancorp Inc)
