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 Executive into which appropriate reserves shall be accrued. On the date of this agreement, said account shall have a pre-existing liability balance of One Hundred Ten Thousand Five Hundred and 00/100ths Dollars ($110,500.00).

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 Executive 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 Ten Forty Five Thousand Five Hundred and 00/100ths Dollars ($110,500.00145,000.00).

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 Executive Director into which appropriate reserves shall be accrued. On the date of this agreement, said account shall have a pre-existing liability balance of One Hundred Ten Forty Five Thousand Five Hundred and 00/100ths 00/100th Dollars ($110,500.00145,000.00).

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 Executive into which appropriate reserves shall be accrued. On the date of this agreement, said account shall have a pre-existing liability balance of One Hundred Ten Thousand Five Hundred and 00/100ths Dollars ($110,500.00).

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 Executive 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 Fifteen Thousand Eight Hundred Ten Thousand Five Hundred Eighty Six and 00/100ths 00/100th Dollars ($110,500.0015,886.00).