Suspension of benefits. Notwithstanding the provisions of subsections 3(a), 3(c), and 3(d), in the event the Benefit Credit Balance is less than an Installment Payment to be paid, the Installment Payment shall not be made. To the extent that Installment Payments are suspended under this section, such suspended Installment Payments (without interest) shall be paid as soon as the Benefit Credit Balance is greater than or equal to the suspended Installment Payment or Installment Payments.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (First National Corp /Sc/), Supplemental Executive Retirement Agreement (First National Corp /Sc/), Supplemental Executive Retirement Agreement (First National Corp /Sc/)
