Termination Benefit. In the event the Agreement is terminated, the Director shall be entitled to his Accrued Benefit as of the termination date. Payment of the Director’s Accrued Benefit shall not be dependent upon his continuation of service with the Association following the Agreement termination date, and such Accrued Benefit shall be paid in a lump sum within thirty (30) days of the date of termination of the Agreement.
Appears in 5 contracts
Samples: Director Deferred Compensation Agreement, Director Deferred Compensation Agreement (First Capital Inc), Director Deferred Compensation Agreement (First Capital Inc)
