Common use of Service with Affiliates Clause in Contracts

Service with Affiliates. For purposes of this Agreement, including without limitation for purposes of determining the Executive’s eligibility for and the amount of any Retirement Benefit payable under the Agreement and whether the Executive had a Separation from Service, all periods of employment by the Executive with the Company and the MHC, and amounts payable to the Executive with respect to such employment, shall be deemed to constitute service with and payment by the Bank.

Appears in 3 contracts

Sources: Supplemental Executive Retirement Agreement (Provident Bancorp, Inc.), Supplemental Executive Retirement Agreement (Provident Bancorp, Inc.), Supplemental Executive Retirement Agreement (Provident Bancorp, Inc.)