Common use of Supplemental Benefit Clause in Contracts

Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 29, 2003 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit:

Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 29April 22, 2003 2009 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit:

Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 2910, 2003 2008 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". " With respect to the Supplemental Benefit:

Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 29December 20, 2003 2007 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit:

Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 29June 26, 2003 2010 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit: