Common Contracts
2 similar Supplemental Retirement Agreement contracts by NBT Bancorp Inc
AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT EFFECTIVE January 20, 2010Supplemental Retirement Agreement • March 1st, 2010 • NBT Bancorp Inc • National commercial banks
This Amended and Restated NBT Bancorp Inc. Supplemental Executive Retirement Plan (the “Plan”) is effective as of November 5, 2009. The purpose of the Plan is to permit certain employees of NBT Bancorp Inc. (the “Company”), its subsidiary, NBT Bank, National Association (the “Bank”) and adopting affiliated employers to receive supplemental retirement income when such amounts would be due under the benefit and contribution formulas in the tax-qualified NBT Bancorp Inc. Defined Benefit Pension Plan and NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan but cannot be paid thereunder due to the reductions and other limitations imposed by Sections 401(a)(17), 401(k)(3), 401(m) and 415 of the Internal Revenue Code of 1986, as amended and to provide such employees’ with an aggregate retirement benefit (taking into consideration amounts paid under such Plans and social security benefits) commencing following retirement at or after age 60 of not less than 60% of such employees’ final ave
AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT EFFECTIVE NOVEMBER 5, 2009Supplemental Retirement Agreement • November 9th, 2009 • NBT Bancorp Inc • National commercial banks
