Common use of Binding Effect of Decisions Clause in Contracts

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 20 contracts

Samples: Salary Continuation Agreement (Carolina Bank Holdings Inc), Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc)

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Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 15 contracts

Samples: Director Retirement Agreement (Citizens South Banking Corp), Director Retirement Agreement (Cortland Bancorp Inc), Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 13 contracts

Samples: Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (Capital Corp of the West)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 11 contracts

Samples: Director Retirement Agreement (Independent Bank Corp), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be is final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have has any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 10 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of having to do with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 10 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 8 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Paragon Commercial CORP), Salary Continuation Agreement (Paragon Commercial CORP), Salary Continuation Agreement (Paragon Commercial CORP)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (BNC Bancorp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary Director shall be deemed to have any right, vested or nonvested, regarding the continued use continuing effect of any previously adopted assumptions, including but not limited to decision or action of the discount rate and calculation method described in section 1.1Plan Administrator.

Appears in 4 contracts

Samples: Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Grandsouth Bancorporation), Salary Continuation Agreement (Southern First Bancshares Inc), Salary Continuation Agreement (Greenville First Bancshares Inc)

Binding Effect of Decisions. The decision or action decisions and actions of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any a right, vested or nonvestednot vested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvestednon-vested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate Discount Rate and calculation method described in section Section 1.1.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Southern Community Financial Corp), Salary Continuation Agreement (Southern Community Financial Corp), Salary Continuation Agreement (Southern Community Financial Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Westbury Bancorp, Inc.), Stock Appreciation Rights Agreement (Greer Bancshares Inc), Stock Appreciation Rights Agreement (Greer Bancshares Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount interest rate and calculation method described employed in section 1.1the determination of the Account Balance.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning administrator with respect to any question questions arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any rightrights, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be is final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have has any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Cardinal Financial Corp), Supplemental Executive Retirement Plan Agreement (Cardinal Financial Corp), Supplemental Executive Retirement Plan Agreement (Cardinal Financial Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.11.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Tidelands Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, right vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section Section 1.1.

Appears in 3 contracts

Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 3 contracts

Samples: Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount interest rate and calculation method described employed in section 1.1the determination of the Annual Benefit Amount.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrued Amount.

Appears in 2 contracts

Samples: Executive Employment Agreement (CBTX, Inc.), Salary Continuation Agreement (CBTX, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvestednon-vested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (Intermountain Community Bancorp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the AgreementPlan. No Neither the Executive or his Beneficiary shall be deemed to have any right, vested or nonvestednon-vested, regarding the continued use of any previously adopted assumptions, including including, but not limited to to, the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan (Peoples Financial Services Corp.), Supplemental Executive Retirement Plan (Peoples Financial Services Corp.)

Binding Effect of Decisions. The decision or action action, of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.), Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.. 8.4

Appears in 2 contracts

Samples: Salary Continuation Agreement (Tidelands Bancshares Inc), Salary Continuation Agreement (Tidelands Bancshares Inc)

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Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the this Split Dollar Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the this Split Dollar Agreement. No Executive Director or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Neither the Executive or nor any Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (Southcoast Financial Corp)

Binding Effect of Decisions. The decision or action of the Plan --------------------------- Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted actuarial or accounting related assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Cooperative Bankshares Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 1 contract

Samples: Salary Continuation Agreement (Home Bancorp Wisconsin, Inc.)

Binding Effect of Decisions. The decision decisions or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (ISB Financial Corp.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvestednon-vested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 1 contract

Samples: Salary Continuation Agreement (Central Federal Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the this Agreement. No Neither the Executive or nor any Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1Discount Rate.

Appears in 1 contract

Samples: Salary Continuation Agreement (Community Financial Corp /Va/)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (BNC Bancorp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning about any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be is final and conclusive and binding upon all persons having any interest in the Agreement. No Beneficiary or the Executive or Beneficiary shall be deemed to have has any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 1 contract

Samples: Salary Continuation Agreement (BNC Bancorp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the AgreementPlan. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section Section 1.1.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (ConnectOne Bancorp, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Neither the Executive or nor any Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (Southcoast Financial Corp)

Binding Effect of Decisions. The decision or action decisions and actions of the Plan Administrator concerning any question arising out of the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be are final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any has a right, vested or nonvestednot vested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section 1.1.

Appears in 1 contract

Samples: Executive Bonus Agreement (NSB Holdings, Inc.)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary Neither the Director nor any beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described employed in section 1.1the determination of the Accrual Balance.

Appears in 1 contract

Samples: Director Retirement Agreement (Cortland Bancorp Inc)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section Section 1.1.. 150

Appears in 1 contract

Samples: Salary Continuation Agreement (Citizens South Banking Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive Officer or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section Section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (Midcarolina Financial Corp)

Binding Effect of Decisions. The decision or action of the Plan Administrator concerning with respect to any question arising out of or in connection with the administration, interpretation, and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive or Beneficiary shall be deemed to have any right, vested or nonvestedunvested, regarding the continued use of any previously adopted assumptions, including but not limited to the discount rate and calculation method described in section Section 1.1.

Appears in 1 contract

Samples: Salary Continuation Agreement (Newmil Bancorp Inc)

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