BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s primary federal regulator. The Bank shall establish an accrued liability retirement account for the Executive into which appropriate reserves shall be accrued.
Appears in 15 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Executive Salary Continuation Agreement (Mountain National Bancshares Inc), Executive Salary Continuation Agreement (CB Financial CORP)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s primary federal regulator. The Bank shall establish an accrued liability retirement account Accrued Liability Retirement Account for the Executive into which appropriate reserves shall be accrued.
Appears in 4 contracts
Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s primary federal regulator. The Bank shall establish an accrued liability retirement account Accrued Liability Retirement Account for the Executive on the books of the Bank into which appropriate reserves shall be accrued.
Appears in 3 contracts
Samples: Executive Salary Continuation Agreement (New Hampshire Thrift Bancshares Inc), Executive Salary Continuation Agreement (New Hampshire Thrift Bancshares Inc), Executive Salary Continuation Agreement (New Hampshire Thrift Bancshares Inc)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s 's primary federal regulator. The Bank shall establish an accrued liability retirement account Accrued Liability Retirement Account for the Executive on the books of the Bank into which appropriate reserves shall be accrued.
Appears in 3 contracts
Samples: Executive Salary Continuation Plan (Origin Bancorp, Inc.), Executive Salary Continuation Agreement (Central Bancorp Inc /Ma/), Executive Salary Continuation Agreement (Central Bancorp Inc /Ma/)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s primary federal regulator. The Bank shall establish an accrued liability retirement account Accrued Liability Retirement Account for the Executive into which appropriate reserves shall be accrued. The Bank and the Executive agree that calculations impacting the reserve account and payment under this Agreement shall be made, when applicable, using a discount rate of six and one quarter percent (6.25%).
Appears in 2 contracts
Samples: Executive Salary Continuation Agreement (Wellesley Bancorp, Inc.), Executive Salary Continuation Agreement (Wellesley Bancorp, Inc.)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s primary federal regulator. The Bank shall establish an accrued liability retirement account Accrued Liability Retirement Account for the Executive on the books of the Bank into which appropriate reserves shall be accrued. The Bank and the Executive agree that the calculations impacting the reserve account and payment under this Agreement shall be made, when applicable, using a discount rate of six and one quarter percent (6.25%).
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Wellesley Bancorp, Inc.)
BENEFIT ACCOUNTING/ACCRUED LIABILITY RETIREMENT ACCOUNT. The Bank shall account for this benefit using the regulatory accounting principles of the Bank’s 's primary federal regulator. The Bank shall establish an accrued liability retirement account for the Executive into which appropriate reserves shall be accrued.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Simmons First National Corp)
