Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Plan, provided they are not inconsistent with the provisions of this Plan, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this Plan, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Plan, and to perform any and all administrative duties under this Plan.
Appears in 33 contracts
Samples: Supplemental Executive Retirement Agreement (Southern California Bancorp \ CA), Supplemental Executive Retirement Agreement (Southern California Bancorp \ CA), Supplemental Director Retirement Agreement (BV Financial, Inc.)
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Plan, provided they are not inconsistent with the provisions of this Plan, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this Plan, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Plan, and to perform any and all administrative duties under this Plan.
Appears in 3 contracts
Samples: Atlantic Stewardship Bank Supplemental Executive Retirement Agreement (Stewardship Financial Corp), Atlantic Stewardship Bank Supplemental Executive Retirement Agreement (Stewardship Financial Corp), Atlantic Stewardship Bank Supplemental Executive Retirement Agreement (Stewardship Financial Corp)
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the PlanAgreement, provided they are not inconsistent with the provisions of this PlanAgreement, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this PlanAgreement, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the PlanAgreement, and to perform any and all administrative duties under this PlanAgreement.
Appears in 1 contract
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Plan, provided they are not inconsistent with the provisions of this Plan, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this Plan, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Plan, and to perform any and all administrative duties under this Plan.. THE LXXXX NATIONAL BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Lyons Bancorp Inc)
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Planthis Agreement, provided they are not inconsistent consistent with the provisions of this PlanAgreement, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank Employer with respect to this Agreement, to make discretionary decisions under this PlanAgreement, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Planthis Agreement, and to perform any and all administrative duties under this PlanAgreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Union Bankshares Inc)
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Planthis Agreement, provided they are not inconsistent with the provisions of this PlanAgreement, and Section 409A of the Code, to interpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this PlanAgreement, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Planthis Agreement, and to perform any and all administrative duties under this Plan.
Appears in 1 contract
Samples: Retirement Agreement (WashingtonFirst Bankshares, Inc.)
Authority of Plan Administrator. The Plan Administrator shall have full power and authority to adopt rules and regulations for the administration of the Plan, provided they are not inconsistent with the provisions of this Plan, and Section 409A of the Code, to interpretInterpret, alter, amend or revoke any rules and regulations so adopted, to enter into contracts on behalf of the Bank with respect to this Agreement, to make discretionary decisions under this Plan, to demand satisfactory proof of the occurrence of any event that is a condition precedent to the commencement of any payment or discharge of any obligation under the Plan, and to perform any and all administrative duties under this Plan.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Lyons Bancorp Inc)