Common use of Withdrawal Rights Not Exercised Clause in Contracts

Withdrawal Rights Not Exercised. (1) Contributions Made Annually --------------------------- If the Executive does not exercise any withdrawal rights pursuant to Subsection 2.2, such annual Contributions to the Retirement Income Trust Fund shall continue each year, unless this Subsection 2.1(b) specifically states otherwise, until the earlier of (i) the last Plan Year that Contributions are required pursuant to Exhibit A, or (ii) the Plan Year of the Executive's termination of employment.

Appears in 2 contracts

Samples: Executive Supplemental Retirement Income Agreement (West Essex Bancorp Inc), Executive Supplemental Retirement Income Agreement (West Essex Bancorp Inc)

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Withdrawal Rights Not Exercised. (1) Contributions Made Annually --------------------------- If the Executive does not exercise any withdrawal rights pursuant to Subsection 2.2, such the annual Contributions to the Retirement Income Trust Fund shall continue each year, unless this Subsection 2.1(b) specifically states otherwise, until the earlier of (i) the last Plan Year that Contributions are required pursuant to Exhibit A, or (ii) the Plan Year of the Executive's termination of employment.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Greater Community Bancorp)

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Withdrawal Rights Not Exercised. (1) Contributions Made Annually --------------------------- If the Executive does not exercise any withdrawal rights pursuant to Subsection 2.2, such the annual Contributions to the Retirement Income Trust Fund shall continue each year, unless this Subsection 2.1(b) specifically states otherwise, until the earlier of (i) the last Plan Year that Contributions are required pursuant to Exhibit A, or (ii) the Plan Year of the Executive's termination of employment.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (United National Bancorp)

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