Voluntary Termination of Employment Other Than for Good Reason. In the event the Employee incurs a voluntary Termination of Employment prior to Retirement Age for any reason other than Good Reason (or as a result of the Employee’s death or Disability), the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in Section 3.3 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Age. Such benefit shall continue to be paid for the period set forth in Section 3.3.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (Ameris Bancorp), Supplemental Executive Retirement Agreement (Ameris Bancorp), Supplemental Executive Retirement Agreement (Ameris Bancorp)
Voluntary Termination of Employment Other Than for Good Reason. In the event the Employee incurs a voluntary Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Good Reason (or as a result of the Employee’s death or Disability), the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in Section 3.3 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Payment Age. Such benefit shall continue to be paid for the period set forth in Section 3.3.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Ameris Bancorp)
Voluntary Termination of Employment Other Than for Good Reason. In the event the Employee incurs a voluntary Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Good Reason (or as a result of the Employee’s death or Disability), the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in Section 3.3 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Age. Such benefit shall continue to be paid for the period set forth in Section 3.3.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Ameris Bancorp)