Common use of RETIREMENT BENEFIT AND POST-RETIREMENT DEATH BENEFIT Clause in Contracts

RETIREMENT BENEFIT AND POST-RETIREMENT DEATH BENEFIT. Upon retirement the Bank in accordance with Paragraph 3 and subject to Paragraphs 4(b) and 8, commencing with the first day of the month following the date of such retirement, shall pay Executive an annual benefit equal to $29,425 in equal monthly installments (of 1/12 of the annual benefit) for a period of one hundred eighty (180) months.

RETIREMENT BENEFIT AND POST-RETIREMENT DEATH BENEFIT. Upon retirement the Bank in accordance with Paragraph 3 and subject to Paragraphs 4(b) and 8, commencing with the first day of the month following the date of such retirement, shall pay Executive an annual benefit equal to $29,425 43,500 in equal monthly installments (of 1/12 of the annual benefit) for a period of one hundred eighty (180) months.

RETIREMENT BENEFIT AND POST-RETIREMENT DEATH BENEFIT. Upon retirement the Bank in accordance with Paragraph 3 and subject to Paragraphs 4(b) and 8, commencing with the first day of the month following the date of such retirement, shall pay Executive an annual benefit equal to $29,425 41,730 in equal monthly installments (of 1/12 of the annual benefit) for a period of one hundred eighty (180) months.

RETIREMENT BENEFIT AND POST-RETIREMENT DEATH BENEFIT. Upon retirement the Bank in accordance with Paragraph 3 and subject to Paragraphs 4(b) and 8, commencing with the first day of the month following the date of such retirement, shall pay Executive an annual benefit equal to $29,425 70,000 in equal monthly installments (of 1/12 of the annual benefit) for a period of one hundred eighty (180) months.