Common use of Supplemental Executive Retirement Benefit Clause in Contracts

Supplemental Executive Retirement Benefit. The Executive will be a participant in the Supplemental Executive Retirement Plan. Under the plan, the Executive will be eligible to receive a supplemental nonqualified annual cash benefit over a fifteen (15) year period beginning at his retirement or as otherwise provided under the plan.

Supplemental Executive Retirement Benefit. The Executive will be a participant in the Supplemental Executive Retirement Plan. Under the plan, the Executive will be eligible to receive a supplemental nonqualified annual cash benefit of $50,000 per year over a fifteen twenty (1520) year period beginning at his retirement or as otherwise provided under the plan.

Supplemental Executive Retirement Benefit. The Executive will be a participant in the Supplemental Executive Retirement Plan. Under the plan, the Executive will be eligible to receive a supplemental nonqualified annual cash benefit of $25,000 per year over a fifteen (15) year period beginning at his retirement or as otherwise provided under the plan.

Supplemental Executive Retirement Benefit. The Executive will continue to be a participant in the Supplemental Executive Retirement Plan. Under the such plan, the Executive will be eligible to receive is fully-vested in a supplemental nonqualified annual cash benefit over a of $25,000 per year for fifteen (15) year period years beginning at his retirement or as otherwise provided under the plan.