Exhibit 10.7
SCHEDULE A
UNITED NATIONAL BANK & TRUST CO.
SALARY CONTINUATION AGREEMENT
XXXXX X. XXXXXXXX
EARLY
TERMINATION DISABILITY
ANNUAL ANNUAL
BENEFIT BENEFIT CHANGE-IN-CONTROL
EARLY PAYABLE AT PAYABLE AT BENEFIT
EXECUTIVE'S ACCRUAL TERMINATION VESTED NORMAL NORMAL PAYABLE IN A
PLAN PLAN YEAR AGE AT PLAN BALANCE @ VESTING ACCRUAL RETIREMENT RETIREMENT LUMP SUM
YEAR ENDING YEAR END 7.5% (1) SCHEDULE BALANCE AGE (2) AGE (2)
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1 April 2002 52 $27,486 0% $0 $0 $8,031 $652,190
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2 April 2003 53 $57,106 100%(3) $57,106 $15,484 $15,484 $652,190
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3 April 2004 54 $89,025 100% $89,025 $22,400 $22,400 $652,190
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4 April 2005 55 $123,422 100% $123,422 $28,818 $28,818 $652,190
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5 April 2006 56 $160,489 100% $160,489 $34,773 $34,773 $652,190
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6 April 2007 57 $200,435 100% $200,435 $40,299 $40,299 $652,190
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7 April 2008 58 $243,481 100% $243,481 $45,428 $45,428 $652,190
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8 April 2009 59 $289,869 100% $289,869 $50,186 $50,186 $652,190
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9 April 2010 60 $339,858 100% $339,858 $54,602 $54,602 $652,190
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10 April 2011 61 $393,728 100% $393,728 $58,700 $58,700 $652,190
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11 April 2012 62 $451,780 100% $451,780 $62,503 $62,503 $652,190
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12 April 2013 63 $514,339 100% $514,339 $66,032 $66,032 $652,190
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13 April 2014 64 $581,754 100% $581,754 $69,306 $69,306 $652,190
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14 April 2015 65 652,190(4) 100% $652,190 $72,100 $72,100 $652,190
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15 April 2016 66 $627,724 $627,724
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16 April 2017 67 $601,359 $601,359
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17 April 2018 68 $572,947 $572,947
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18 April 2019 69 $542,329 $542,329
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19 April 2020 70 $509,334 $509,334
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20 April 2021 71 $473,778 $473,778
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21 April 2022 72 $435,461 $435,461
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22 April 2023 73 $394,170 $394,170
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23 April 2024 74 $349,673 $349,673
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24 April 2025 75 $301,722 $301,722
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25 April 2026 76 $250,048 $250,048
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VESTED
PLAN PLAN YEAR EXECUTIVE'S ACCRUAL BALANCE @ ACCRUAL
YEAR ENDING AGE AT PLAN YEAR END 7.5% (1) BALANCE
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26 April 2027 77 $194,363 $194,363
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27 April 2028 78 $134,354 $134,354
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28 April 2029 79 $69,687 $69,687
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29 April 2030 80 $0 $0
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(1) The Accrual Balance reflects payment at the beginning of each month during
retirement.
(2)Benefit is based on present value of the current payment stream of the vested
accrual balance using a standard discount rate (7.50%).
(3)Xx. Xxxxxxxx becomes 100% vested in the Early Termination Benefit upon
reaching 30 years of service on May 22, 2002.
(4)Reflects 12 months data prior to projected retirement in April 2015.
