Common use of Retirement Date Clause in Contracts

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 9 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Executive Salary Continuation Agreement (Flag Financial Corp), Executive Salary Continuation Agreement (Surrey Bancorp)

AutoNDA by SimpleDocs

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 8 contracts

Samples: Executive Salary Continuation Agreement (ESSA Bancorp, Inc.), Executive Salary Continuation Agreement (ESSA Bancorp, Inc.), Executive Salary Continuation Agreement (ESSA Bancorp, Inc.)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the Executive’s sixty-fifth (65th) birthday, unless by action birthday or the date of the Board of Directors this period of active employment shall be shortened or extendedSeparation from Service.

Appears in 6 contracts

Samples: Executive Salary Continuation Agreement (Centra Financial Holdings Inc), Executive Salary Continuation Agreement (Centra Financial Holdings Inc), Executive Salary Continuation Agreement (Centra Financial Holdings Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on the Executive’s thirty (30) days after attaining his sixty-fifth second (65th62nd) birthday, unless by action of the Board of Directors this his period of active employment shall be shortened or extended.

Appears in 4 contracts

Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on as of the Executive’s December 31st nearest his sixty-fifth (65th) birthday, unless by action of the Board of Directors this his period of active employment shall be shortened or extended.

Appears in 3 contracts

Samples: Executive Salary Continuation Agreement (Wilson Bank Holding Co), Executive Salary Continuation Agreement (Wilson Bank Holding Co), Executive Salary Continuation Agreement (Wilson Bank Holding Co)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of or such later date as the Board of Directors this period of active employment shall be shortened or extendedExecutive as may actually retire.

Appears in 3 contracts

Samples: Executive Salary Continuation Agreement (Surrey Bancorp), Executive Salary Continuation Agreement (Surrey Bancorp), Executive Salary Continuation Agreement (Surrey Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, then in order to receive the benefits of this program, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s 's sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s 's sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Hampden Bancorp, Inc.), Executive Salary Continuation Agreement (Hampden Bancorp, Inc.)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s 's sixty-fifth five (65th65) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (North Bancorp Inc), Executive Salary Continuation Agreement (North Bancorp Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the December 31st nearest the Executive’s sixty-fifth (65th) birthday, unless by action of birthday or such later date as the Board of Directors this period of active employment shall be shortened or extendedExecutive may actually retire.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Centra Financial Holdings Inc), Executive Salary Continuation Agreement (Centra Financial Holdings Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on the Executive’s thirty (30) days after attaining his sixty-fifth second (65th62nd) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extendedsuch later date as he may actually retire.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the December 31st nearest the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened birthday or extendedSeparation from Service.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Mountain National Bancshares Inc), Executive Salary Continuation Agreement (Mountain National Bancshares Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on the Executive’s December 31st nearest his sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Oak Hill Financial Inc), Executive Salary Continuation Agreement (Oak Hill Financial Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on the Executive’s sixty-fifth thirty (65th30) days after attaining his sixty- second (62nd) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extendedsuch later date as he may actually retire.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)

Retirement Date. If the Executive remains in the continuous employ of of, the Bank, the Executive shall retire from active employment with the Bank on the later of the December 31st nearest the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened birthday or extendedSeparation from Service.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Mountain National Bancshares Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the Executive’s 's sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Origin Bancorp, Inc.)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s 's sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (American Financial Group Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened birthday or extendedSeparation from Service.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Southcrest Financial Group Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the Executive’s 's sixty-fifth (65th) birthday, unless by action of birthday or such other date as the Board of Directors this period of active employment shall be shortened or extendedExecutive may actually retire.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Origin Bancorp, Inc.)

AutoNDA by SimpleDocs

Retirement Date. If the Executive remains in the continuous employ of the Bank, then in order to receive the benefits of this program, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s 's sixty-fifth second (65th62) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall be entitled to retire from active employment with the Bank on or after the Executive’s sixty-fifth (65th) birthday, unless by action birthday and obtain the retirement benefits provided hereunder so long as he has incurred a separation from service within the meaning of the Board of Directors this period of active employment shall be shortened or extended.Section 409A. “

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (CB Financial CORP)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth seventh (65th67th) birthday, unless by action of or such later date as the Board of Directors this period of active employment shall be shortened or extendedExecutive as may actually retire.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Surrey Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth seventh (65th67th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Surrey Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the later of the Executive’s sixty-fifth (65th) birthday, unless by action of birthday or such other date as the Board of Directors this period of active employment shall be shortened or extendedExecutive may actually retire.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Origin Bancorp, Inc.)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on of the Executive’s December 31st nearest his sixty-fifth (65th) birthday, unless by action of the Board of Directors this his period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Wilson Bank Holding Co)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the January 1st nearest the Executive’s 's sixty-fifth third (65th63rd) birthday, unless by action of the Board of Directors this his period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Wilber Corp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, then in order to receive the benefits of this program, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s 's sixty-fifth (65th65) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Centra Financial Holdings Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive he shall retire from active employment with the Bank on the Executive’s his sixty-fifth (65th) birthday, (hereinafter "Normal Retirement Date") unless by action of the Board of Directors this his period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Mahoning National Bancorp Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth second (65th62nd) birthday, unless by action of birthday or such later date as the Board of Directors this period of active employment shall be shortened or extendedExecutive may actually retire.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Southcrest Financial Group Inc)

Retirement Date. If the Executive remains in the continuous employ of the Bank, then in order to receive the benefits of this program, the Executive shall retire from active employment with the Bank on the December 31st nearest the Executive’s sixty-fifth (65th65) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!