Common use of Accrued Liability Balance Clause in Contracts

Accrued Liability Balance. For the purposes of this Agreement, the term “Accrued Liability Balance” means the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Director under this Agreement, by applying Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance; however, once chosen, the method must be consistently applied.

Accrued Liability Balance. For the purposes of this Agreement, the term “Accrued Liability Balance” Balance means the liability that should be accrued by the BankEmployer, under Generally Accepted Accounting Principles (“"GAAP”"), for the Bank’s Employer's obligation to the Director Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 (“"APB 12”") as amended by Statement of Financial Accounting Standards Number 106 (“"FAS 106”") and an appropriate discount rate as determined by the Discount RateBank. Any one of a variety of amortization methods may be used to determine the Accrual Balance; howeverAccrued Liability. However, once chosen, the method must be consistently applied.. 8NEXT PAGE

Accrued Liability Balance. For the purposes of this Agreement, the term “"Accrued Liability Balance” " means the liability that should be is accrued by the Bank, under Generally Accepted Accounting Principles (“"GAAP”), for ") to fund the Bank’s 's obligation to the Director Executive under this Agreement. The discount rate employed shall be determined by an actuary appointed by the Bank, by applying Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Ratesuch rate shall be within reasonable standards according to GAAP. Any Furthermore, any one of a variety of amortization methods may be used to determine the Accrual Accrued Liability Balance; however, once chosen, the method must be consistently applied.

Accrued Liability Balance. For the purposes of this Agreement, the term “Accrued Liability Balance” Balance means the liability that should be accrued by the BankCompany, under Generally Accepted Accounting Principles (“”GAAP”), for the BankCompany’s obligation to the Director Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance; however. However, once chosen, the method must be consistently applied.

Accrued Liability Balance. For the purposes of this Agreement, the term “Accrued Liability Balance” means the liability that should be is accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for ) to fund the Bank’s obligation to the Director Executive under this Agreement. The discount rate employed shall be determined by an actuary appointed by the Bank, by applying Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Ratesuch rate shall be within reasonable standards according to GAAP. Any Furthermore, any one of a variety of amortization methods may be used to determine the Accrual Accrued Liability Balance; however, once chosen, the method must be consistently applied.