United National Bank & Trust Co. Salary Continuation Agreement Schedule for Roger L. Mann

Contract Categories: Human Resources › Salary Continuation Agreements
Summary

This schedule is part of a Salary Continuation Agreement between United National Bank & Trust Co. and Roger L. Mann. It outlines the annual accruals, vested balances, and benefits payable to Mr. Mann upon early termination, disability, normal retirement, or a change in control. The agreement specifies the amounts and timing of payments, with Mr. Mann being fully vested from the agreement's effective date. Payments are structured as annual amounts or a lump sum, depending on the event triggering the benefit.

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EX-10.6 4 l90603aex10-6.txt EXHIBIT 10.6 Exhibit 10.6 SCHEDULE A UNITED NATIONAL BANK & TRUST CO. SALARY CONTINUATION AGREEMENT ROGER L. MANN
------------------------------------------------------------------------------------------------------------------------------------ EARLY TERMINATION DISABILITY ANNUAL ANNUAL CHANGE-IN- BENEFIT BENEFIT CONTROL EARLY PAYABLE AT PAYABLE AT BENEFIT EXECUTIVE'S ACCRUAL TERMINATION VESTED NORMAL NORMAL PAYABLE PLAN PLAN YEAR AGE AT PLAN BALANCE @ VESTING ACCRUAL RETIREMENT RETIREMENT IN A YEAR ENDING YEAR END 7.5% (1) SCHEDULE BALANCE AGE (2) AGE (2) LUMP SUM ------------------------------------------------------------------------------------------------------------------------------------ 1 April 2002 60 $255,552 100% (3) $255,552 $37,863 $37,863 $1,441,874 ------------------------------------------------------------------------------------------------------------------------------------ 2 April 2003 61 $530,944 100% $530,944 $72,999 $72,999 $1,441,874 ---------------------------------------------------------------------------------------------------------------------------------- 3 April 2004 62 $827,715 100% $827,715 $105,603 $105,603 $1,441,874 ---------------------------------------------------------------------------------------------------------------------------------- 4 April 2005 63 $1,147,525 100% $1,147,525 $135,859 $135,859 $1,441,874 ---------------------------------------------------------------------------------------------------------------------------------- 5 April 2006 64 $1,441,874(4) 100% $1,441,874 $159,400 $159,400 $1,441,874 ---------------------------------------------------------------------------------------------------------------------------------- 6 April 2007 65 $1,383,092 $1,383,092 ----------------------------------------------------------------------------------------------------------------------------------- 7 April 2008 66 $1,324,438 $1,324,438 ----------------------------------------------------------------------------------------------------------------------------------- 8 April 2009 67 $1,261,232 $1,261,232 ----------------------------------------------------------------------------------------------------------------------------------- 9 April 2010 68 $1,193,118 $1,193,118 ----------------------------------------------------------------------------------------------------------------------------------- 10 April 2011 69 $1,119,716 $1,119,716 ----------------------------------------------------------------------------------------------------------------------------------- 11 April 2012 70 $1,040,617 $1,040,617 ----------------------------------------------------------------------------------------------------------------------------------- 12 April 2013 71 $955,376 $955,376 ----------------------------------------------------------------------------------------------------------------------------------- 13 April 2014 72 $863,518 $863,518 ----------------------------------------------------------------------------------------------------------------------------------- 14 April 2015 73 $764,529 $764,529 ----------------------------------------------------------------------------------------------------------------------------------- 15 April 2016 74 $657,855 $657,855 ----------------------------------------------------------------------------------------------------------------------------------- 16 April 2017 75 $542,899 $542,899 ----------------------------------------------------------------------------------------------------------------------------------- 17 April 2018 76 $419,020 $419,020 ----------------------------------------------------------------------------------------------------------------------------------- 18 April 2019 77 $285,523 $285,523 ----------------------------------------------------------------------------------------------------------------------------------- 19 April 2020 78 $141,662 $141,662 ----------------------------------------------------------------------------------------------------------------------------------- 20 April 2021 79 $0 $0 -----------------------------------------------------------------------------------------------------------------------------------
(1) The Accrual balance reflects payment at the beginning of each month during retirement. (2) Benefit is based on present value of the current payment stream of the vested accrual balance using a standard discount rate (7.50%). (3) Participant is 100 percent vested upon effective date of the Salary Continuation Agreement. (4) Reflects 11 months data prior to projected retirement in March 2006.