Common use of Withdrawals From Retirement Income Trust Fund Clause in Contracts

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Executive pursuant to the Xxxxxxx X. Xxxxxxx, Xx. Grantor Trust Agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, "exercise of withdrawal rights" shall mean those withdrawal rights to which the Executive is entitled under Article III of the Xxxxxxx X.

Appears in 1 contract

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

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Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Executive pursuant to the Xxxxxxx Xxxxxx X. Xxxxxxx, Xx. Xxxxx Grantor Trust Agreement agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, "exercise of withdrawal rights" shall mean those withdrawal rights to which the Executive is entitled under Article III of the Xxxxxxx X.under

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (United National Bancorp)

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Executive pursuant to the Xxxxxxx X. Xxxxxxx, Xx. Xxxxxxxxx Xxxxx Grantor Trust Agreement agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank's =s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, "exercise of withdrawal rights" shall mean those withdrawal rights to which the Executive is entitled under Article III of the Xxxxxxx X.Subsection

Appears in 1 contract

Samples: Retirement Income Agreement (Magyar Bancorp, Inc.)

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Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Executive pursuant to the Xxxxxxx X. Xxxxxxx, Xx. Xxxx Xxxxxxxxxx Grantor Trust Agreement agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank's =s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, "exercise of withdrawal rights" shall mean those withdrawal rights to which the Executive is entitled under Article III of the Xxxxxxx X.Subsection

Appears in 1 contract

Samples: Retirement Income Agreement (Magyar Bancorp, Inc.)

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