United National Bank & Trust Co. Salary Continuation Agreement Schedule for Leo E. Doyle

Contract Categories: Human Resources › Salary Continuation Agreements
Summary

This schedule is part of a Salary Continuation Agreement between United National Bank & Trust Co. and executive Leo E. Doyle. It outlines the annual accruals, vesting percentages, and projected retirement benefits payable to Mr. Doyle, including early termination, disability, and change-in-control scenarios. The agreement specifies when benefits become vested, the amounts payable at various ages, and the lump sum available at normal retirement. The schedule provides a clear timeline and benefit amounts through age 80, ensuring Mr. Doyle's retirement income is defined and predictable.

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EX-10.8 6 l90603aex10-8.txt EXHIBIT 10.8 Exhibit 10.8 SCHEDULE A UNITED NATIONAL BANK & TRUST CO. SALARY CONTINUATION AGREEMENT LEO E. DOYLE
------------------------------------------------------------------------------------------------------------------------------------ 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 50 $24,692 0% $0 $0 $7,873 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 2 April 2003 51 $51,301 0% $0 $0 $15,178 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 3 April 2004 52 $79,976 0% $0 $0 $21,957 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 4 April 2005 53 $110,877 0% $0 $0 $28,248 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 5 April 2006 54 $144,177 0% $0 $0 $34,086 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 6 April 2007 55 $180,062 100%(3) $180,062 $39,503 $39,503 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 7 April 2008 56 $218,733 100% $218,733 $44,530 $44,530 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 8 April 2009 57 $260,406 100% $260,406 $49,195 $49,195 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 9 April 2010 58 $305,314 100% $305,314 $53,523 $53,523 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 10 April 2011 59 $353,708 100% $353,708 $57,540 $57,540 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 11 April 2012 60 $405,860 100% $405,860 $61,268 $61,268 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 12 April 2013 61 $462,060 100% $462,060 $64,727 $64,727 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 13 April 2014 62 $522,623 100% $522,623 $67,936 $67,936 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 14 April 2015 63 $587,887 100% $587,887 $70,915 $70,915 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 15 April 2016 64 $658,219 100% $658,219 $73,679 $73,679 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 16 April 2017 65 $668,473(4) 100% $668,473 $73,900 $73,900 $668,473 ------------------------------------------------------------------------------------------------------------------------------------ 17 April 2018 66 $621,018 $621,018 ------------------------------------------------------------------------------------------------------------------------------------ 18 April 2019 67 $592,257 $592,257 ------------------------------------------------------------------------------------------------------------------------------------ 19 April 2020 68 $561,263 $561,263 ------------------------------------------------------------------------------------------------------------------------------------ 20 April 2021 69 $527,863 $527,863 ------------------------------------------------------------------------------------------------------------------------------------ 21 April 2022 70 $491,871 $491,871 ------------------------------------------------------------------------------------------------------------------------------------ 22 April 2023 71 $453,084 $453,084 ------------------------------------------------------------------------------------------------------------------------------------ 23 April 2024 72 $411,286 $411,286 ------------------------------------------------------------------------------------------------------------------------------------ 24 April 2025 73 $366,243 $366,243 ------------------------------------------------------------------------------------------------------------------------------------ 25 April 2026 74 $317,703 $317,703 ------------------------------------------------------------------------------------------------------------------------------------ 26 April 2027 75 $265,395 $265,395
EXECUTIVE'S ACCRUAL VESTED PLAN YEAR AGE AT PLAN BALANCE @ ACCRUAL ENDING YEAR END 7.5% (1) BALANCE -------------------------------------------------------------------------------- 27 April 2028 76 $209,026 $209,026 -------------------------------------------------------------------------------- 28 April 2029 77 $148,281 $148,281 -------------------------------------------------------------------------------- 29 April 2030 78 $82,821 $82,821 -------------------------------------------------------------------------------- 30 April 2031 79 $12,278 $12,278 -------------------------------------------------------------------------------- 31 April 2032 80 $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 becomes 100 percent vested upon reaching age 55 on June 29, 2006. (4)Reflects two (2) months data prior to projected retirement in June 2016.