Amount of Benefit. The initial annual benefit under this Section 2.1 is One Hundred Thousand Dollars ($100,000). The Bank may increase the annual benefit under this Section 2.1 at the sole and absolute discretion of the Board. Any such discretionary increase shall require the recalculation of all the amounts on [Schedule A] attached hereto.
Amount of Benefit. The annual benefit under this Section 2.2 is the Early Termination Annual Benefit set forth on [Schedule A] for the Plan Year ended immediately prior to the date on which the Early Termination occurs. Additionally, the annual benefit amount shall be increased by a pro-rated amount relative to the Executive’s service during the partial Plan Year in which the Early Termination occurs. This amount will be added to the annual benefit amount at the end of the preceding Plan Year on [Schedule A]. For example, assuming that Early Termination occurs on January 31, 2023, the Early Termination Annual Benefit would be the sum of the Early Termination Annual Benefit for the January 1 – December 31, 2022 Plan Year, plus a pro-rated portion of the Early Termination Annual Benefit for the January 1 – December 31, 2023 Plan Year).
Amount of Benefit. The annual benefit under this [Section 2.3] is the Disability Annual Benefit set forth on [Schedule A] for the Plan Year ended immediately prior to the date on which the Disability occurs. Additionally, the annual benefit amount shall be increased by a pro-rated amount relative to the Executive’s service during the partial Plan Year in which the Separation from Service occurs. This amount will be added to the annual benefit amount at the end of the preceding Plan Year on [Schedule A], consistent with the example in Section 2.2.1.
Amount of Benefit. The annual benefit under this Section 2.4 shall be equal to the amount of the benefit payable under Section 2.1.1, as the same may be increased from time to time in accordance with the terms thereof.
Amount of Benefit. The benefit under this Section 2.5 is the Pre-retirement Death Benefit amount set forth on [Schedule A] for the Plan Year ended immediately prior to the date on which the Separation from Service due to death occurs. Additionally, the annual benefit amount shall be increased by a pro-rated amount relative to the Executive’s service during the partial Plan Year in which the Separation from Service due to death takes place. This amount will be added to the annual benefit amount at the end of the preceding Plan Year on [Schedule A], consistent with the example in Section 2.2.1.
Amount of Benefit. The benefit under this Section 2.1 is:
Amount of Benefit. The benefit payable to a Participant pursuant to an Award under this Plan shall be equal to the sum of the vested portions, if any, of the Participant’s Time-Vesting Benefit Amount and Performance-Vesting Benefit Amount. Those amounts shall be determined in accordance with Section 7 of this Plan, based upon the Participant’s Target Cash Value for the Performance Period (or, in the case of an individual that becomes a Participant after the Effective Date of a Performance Period, an amount (the “Projected Benefit Amount”) equal to the Target Cash Value for the Performance Period multiplied by a fraction, the numerator of which shall be the number of calendar days from the Participant’s Effective Date of Participation to the end of the Performance Period and the denominator of which shall be the total number of days in Performance Period).
Amount of Benefit. The benefit to spouses qualifying under [Section 7.02(a)] shall be a monthly income commencing as of the date of the death of the Employee, in an amount equal to # less # below:
Amount of Benefit. Subject to [Section 9.02(f)], the Plan benefit payable to a Participant upon such Participant's Severance from Service for reasons other than death, shall be equal to the vested balance of his Account, determined as of the Valuation Date related to the Benefit Payment Date for the Participant.
Supplemental Retirement Benefit Amount. The amount of the Supplemental Retirement Benefit shall be $125,000 per year, for an aggregate amount of $500,000 (the “Total Supplemental Retirement Benefit Amount”).
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