Common Contracts
1 similar Retirement Agreement contracts
ContractRetirement Agreement • May 5th, 2020 • South Carolina
<DOCUMENT> <TYPE>EX-10.14 <SEQUENCE>8 <FILENAME>exhibit10-14.txt <TEXT> Messrs. Johnson, Sligh, Owen, Livingston and Wiseman each entered into a Retirement Agreement with Newberry Federal Savings Bank on November 1, 2002. A form of the Retirement Agreement is filed herewith, along with a schedule of benefits for each individual. <PAGE> NEWBERRY FEDERAL SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT THIS AGREEMENT is adopted this 1st day of November, 2002, by and between NEWBERRY FEDERAL SAVINGS BANK, a federally-chartered savings bank located in Newberry, South Carolina (the "Bank"), and ________________(the "Director"). INTRODUCTION To encourage the Director to remain a director of the Bank, the Bank is willing to provide retirement income benefits to the Director. The Bank will pay the benefits from its general assets. AGREEMENT The Bank and the Director agree as follows: Article 1 Definitions Whenever used in this Agreement, the following words and phrases shall have the meanings specif
