Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
Appears in 5 contracts
Samples: Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Employee Salary Continuation Agreement (Merchants & Manufacturers Bancorporation Inc)
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a the Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof, but may not reduce benefits without consent of the Participant.
Appears in 4 contracts
Samples: Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc), Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc), Executive Employee Salary Continuation Agreement (Boardman Suhr Curry & Field)
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons outside directors to administer and interpret this Agreement. Interpretation The Bank and the Participant expressly agree that the interpretation by the Administrative Committee shall be e final and binding upon a Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
Appears in 2 contracts
Samples: Executive Salary Continuation Agreement (North Bancorp Inc), Executive Salary Continuation Agreement (North Bancorp Inc)
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof., but may not reduce benefits without the consent of
Appears in 1 contract
Samples: Executive Supplemental Income Agreement (Sun Community Bancorp LTD)
Administration and Interpretation of this Agreement. The Board of Directors of The Company shall appoint an Administrative Committee consisting of three THREE (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a Participantthe Employee subject to the Employee's right to seek review thereof as provided in Paragraph 6 below. The Administrative Committee may adopt rules and regulations relating to and consistent with the terms of this Agreement as it may deem necessary or advisable for the administration thereofof this Agreement.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Suburban Bancshares Inc)
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a ParticipantExecutive. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
Appears in 1 contract
Samples: Executive Employee Salary Continuation Agreement (First Manitowoc Bancorp Inc)
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereofits administration.
Appears in 1 contract
