Common use of Supplemental Retirement Compensation Clause in Contracts

Supplemental Retirement Compensation. During the Term of the Agreement, the Company shall credit an annual supplemental retirement contribution on behalf of the Executive to an unfunded bookkeeping account (“Retirement Account”), in an amount equal to (i) 72.5% of his then current base salary for each fiscal year or partial fiscal year ending during the Term through March 31, 2017 and (ii) 42.5% of his then current base salary for the fiscal year or partial fiscal year ending March 31, 2018. Each contribution shall be made on each March 31 during the Term including the payment for March 31, 2018.

Supplemental Retirement Compensation. During the Term of the Agreement, the Company shall credit an annual supplemental retirement contribution on behalf of the Executive to an unfunded bookkeeping account (“Retirement Account”), in an amount equal to the sum of (i) 72.5% of his then current base salary for each fiscal year or partial fiscal year ending during the Term through March 31, 2017 and (ii) 42.5% of his then current base salary and (ii) for the each fiscal year or partial fiscal year ending March 31following the Amendment Effective Date, 201830% of his then current base salary (the “Additional Retirement Amount”). Each contribution shall be made on each March 31 during the Term including the payment for on March 31, 20182017.

Supplemental Retirement Compensation. During the Term of the Agreement, the Company shall credit an annual supplemental retirement contribution on behalf of the Executive to an unfunded bookkeeping account (“Retirement Account”), in an amount equal to (i) 72.5% of his then current base salary for each fiscal year or partial fiscal year ending during the Term through March 31, 2017 and (ii) 42.5% of his then current base salary for the fiscal year or partial fiscal year ending March 31, 2018salary. Each contribution shall be made on each March 31 during the Term including the payment for March 31, 2018Term.

Supplemental Retirement Compensation. During the Original Term of the Agreement, the Company shall credit an annual supplemental retirement contribution on behalf of the Executive to an unfunded bookkeeping account (“Retirement Account”), in an amount equal to (i) 72.5% of his then current base salary for each fiscal year or partial fiscal year ending during the Term through March 31, 2017 and (ii) 42.5% of his then current base salary. The first contribution shall be made upon the execution of this Agreement (based upon his base salary for the fiscal year or partial fiscal year ending March 31of $650,000), 2018. Each contribution and subsequent contributions shall be made on each March 31 during the Term including remainder of the payment for March 31Original Term, 2018subject to a maximum of six annual contributions.