Common use of Catch-Up Missed Payments Clause in Contracts

Catch-Up Missed Payments. Payments to which a key employee would otherwise have been entitled during the 6 month delay will be accumulated and paid on the first day of the 7th month following the date of Separation from Service for reasons other than death.

Appears in 3 contracts

Samples: Non Qualified Deferred Compensation Plan (American National Bankshares Inc.), Non Qualified Deferred Compensation Plan (C & F Financial Corp), Non Qualified Deferred Compensation Plan (C & F Financial Corp)

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Catch-Up Missed Payments. Payments to which a key specified employee would otherwise have been entitled during the 6 6-month delay will be accumulated and paid on the first day of the 7th month following the date of Separation from Service for reasons other than death.

Appears in 3 contracts

Samples: Non Qualified Deferred Compensation Plan (American National Bankshares Inc.), Non Qualified Deferred Compensation Plan (Atlantic Union Bankshares Corp), Non Qualified Deferred Compensation Plan (C & F Financial Corp)

Catch-Up Missed Payments. Payments to which a key specified employee would otherwise have been entitled during the 6 6-month delay will be accumulated and paid on the first day of the 7th month following the date of Separation from Service for reasons other than death.. ​ o(B)

Appears in 1 contract

Samples: Non Qualified Deferred Compensation Plan (C & F Financial Corp)

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Catch-Up Missed Payments. Payments to which a key specified employee would otherwise have been entitled during the 6 6-month delay will be accumulated and paid on the first day of the 7th month following the date of Separation from Service for reasons other than death.. [ ]

Appears in 1 contract

Samples: Non Qualified Deferred Compensation Plan (Union Bankshares Corp)

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