ACCRUAL OF BENEFIT. First Charter may use any reasonable accounting policy in accruing the Benefit, and shall accrue the Benefit on its books on a monthly basis. The amount accrued shall be segregated from other accounts on the books and records of First Charter as a contingent liability of First Charter to the Executive.
Appears in 7 contracts
Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)
ACCRUAL OF BENEFIT. First Charter may use any reasonable accounting policy in accruing the Benefit, and shall accrue the Benefit on its books on a monthly basis. The amount accrued shall be segregated from other accounts on the books and records of First Charter as a contingent liability of First Charter to the Executive.. Article V
Appears in 3 contracts
Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)
