Common use of Accounting Device Only Clause in Contracts

Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement and is not a trust fund of any kind.

Appears in 29 contracts

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Deferred Compensation Agreement (Bancorp 34, Inc.)

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Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement and Agreement. The Deferral Account is not a trust fund fund, bank account or insured deposit account of any kind.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Fp Bancorp Inc), Salary Continuation Agreement (Fp Bancorp Inc)

Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement and Agreement. The Deferral Account is not a trust fund of any kind.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Cerritos Valley Bancorp)

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Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement and Plan. The Deferral Account is not a trust fund of any kind.

Appears in 1 contract

Samples: Deferred Compensation Plan (Cascade Financial Corp)

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