Common use of BENEFIT ACCOUNTING Clause in Contracts

BENEFIT ACCOUNTING. The Bank shall account for the benefit provided herein using the regulatory accounting principles of the Bank's primary federal regulator. The Bank shall establish an accrued liability retirement account for the Director into which appropriate reserves shall be accrued. On the date of this Agreement, said account shall have a balance of One Hundred Forty Five Thousand and 00/100ths Dollars ($145,000.00).

BENEFIT ACCOUNTING. The Bank shall account for the benefit provided herein using the regulatory accounting principles of the Bank's ’s primary federal regulator. The Bank shall establish an accrued liability retirement account for the Director Executive into which appropriate reserves shall be accrued. On the date of this Agreementagreement, said account shall have a pre-existing liability balance of One Hundred Forty Ten Thousand Five Thousand Hundred and 00/100ths Dollars ($145,000.00110,500.00).

BENEFIT ACCOUNTING. The Bank shall account for the benefit provided herein using the regulatory accounting principles of the Bank's ’s primary federal regulator. The Bank shall establish an accrued liability retirement account for the Director into which appropriate reserves shall be accrued. On the date of this Agreement, said account shall have a balance of One Fifteen Thousand Eight Hundred Forty Five Thousand Eighty Six and 00/100ths 00/100th Dollars ($145,000.0015,886.00).

BENEFIT ACCOUNTING. The Bank shall account for the benefit provided herein using the regulatory accounting principles of the Bank's primary federal regulator. The Bank shall establish an accrued liability retirement account for the Director Executive into which appropriate reserves shall be accrued. On the date of this Agreementagreement, said account shall have a pre-existing liability balance of One Hundred Forty Ten Thousand Five Thousand Hundred and 00/100ths Dollars ($145,000.00110,500.00).

BENEFIT ACCOUNTING. The Bank shall account for the benefit provided herein using the regulatory accounting principles of the Bank's ’s primary federal regulator. The Bank shall establish an accrued liability retirement account for the Director into which appropriate reserves shall be accrued. On the date of this Agreementagreement, said account shall have a pre-existing liability balance of One Hundred Forty Five Thousand and 00/100ths 00/100th Dollars ($145,000.00).