Common use of Voluntary or Involuntary Termination (Not For Cause) Prior to Benefit Age Clause in Contracts

Voluntary or Involuntary Termination (Not For Cause) Prior to Benefit Age. If the Executive (i) does not exercise his withdrawal rights pursuant to Subsection 2.2 and (ii) voluntarily or involuntarily terminates his service with the Bank pursuant to Subsection 5.1 and such termination is not for Cause, disability, or related to a Change in Control, the annual Supplemental Retirement Income Benefit Contributions to the Retirement Income Trust Fund set forth in Exhibit A for all Plan Years through the Plan Year in which such termination occurs, shall be required of the Bank within thirty (30) days after such voluntary or involuntary termination (or if the Executive is a Specified Employee, not earlier than the first day of the seventh (7th) month following the Executive’s Separation from Service). No additional Supplemental Retirement Income Benefit Contributions to the Retirement Income Trust Fund shall be required by the Bank for Plan Years subsequent to the Plan Year in which termination occurs

Appears in 4 contracts

Samples: Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)

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