Salary Continuation Plan Plan Year Reporting Hypothetical Termination Benefits Schedule

EX-10.4 5 l32032aexv10w4.htm EX-10.4 EX-10.4

Exhibit 10.4


		*Salary Continuation Plan*		Plan Year Reporting

Hypothetical Termination Benefits Schedule

William Loving


Birth Date: 3/28/1955		Early Voluntary Termination
Plan Anniversary Date: 1/1/2009
Normal Retirement: 3/28/2020, Age 65		Annual Benefit ²
Normal Retirement Payment: Monthly for 15 years		Amount Payable at
		Normal Retirement Age


						Benefit								Based On
Values		Age				Level				Vesting				Benefit
as of		(1)				(2)				(3)				(4)

Dec 2008 ¹			53				54,663				8.33	%			4,555
Dec 2009			54				54,663				16.67	%			9,111
Dec 2010			55				54,663				25.00	%			13,666
Dec 2011			56				54,663				33.33	%			18,221
Dec 2012			57				54,663				41.67	%			22,776

Dec 2013			58				54,663				50.00	%			27,332
Dec 2014			59				54,663				58.33	%			31,887
Dec 2015			60				54,663				66.67	%			36,442
Dec 2016			61				54,663				75.00	%			40,997
Dec 2017			62				54,663				83.33	%			45,552

Dec 2018			63				54,663				91.67	%			50,108
Dec 2019			64				54,663				100.00	%			54,663
Mar 2020			65				54,663				100.00	%			54,663


¹		The first line reflects 12 months of data, January 2008 to December 2008.

²		The annual benefit amount will be paid for 15 years.

^*		The purpose of this hypothetical illustration is to show the participant’s annual benefit based on various termination assumptions. Actual benefits are based on the terms and provisions of the plan agreement. Consequently, actual benefits may differ from those shown on this Hypothetical Termination Benefits Schedule.



Salary Continuation Plan for Pendleton Community Bank, Inc — Franklin, WV		Securities offered through Clark Securities, Inc., DBA CCFS, Inc. in Texas
1002388 46672 364449 v7.09.14.07 02/22/2008:11 SCP—E,F NB		Member FINRA & SIPC, Dallas, TX 75201, (800) ###-###-####.