Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4).
Certain Accelerated Payments. In certain limited circumstances the Bank may make an accelerated distribution to the Executive of deferred amounts, solely to the extent that such distribution meets the requirements of Section 1.409A-3(j)(4). In order to make such accelerated payments, Bank will notify Executive of the specific Section 1.409A-3(j)(4) exemption being relied upon by the Bank in making the accelerated payments.
Certain Accelerated Payments. The Institution may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Employee of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4).
Certain Accelerated Payments. The Company may accelerate a payment in the situations described below, provided that such distribution meets the requirements of Treasury Reg. Section 1.409A-3(j)(4). First United Security Bank DIRECTOR RETIREMENT AGREEMENT
Certain Accelerated Payments. In certain limited circumstances the Company may make an accelerated distribution permissible to the Executive of deferred amounts, solely to the extent that such distribution meets the requirements of Section 1.409A-3(j)(4). In order to make such accelerated payments, both Executive and the Company must sign a written acknowledgement of the specific Section 1.409A-3(j)(4) exemption being relied upon by the Company in making the accelerated payments
Certain Accelerated Payments. The Bank may accelerate distribution to the Executive of deferred amounts (including for payment of employment, income, and other taxes), provided that such distribution(s) meets the requirements of Sections 1.409A-3(j)(4).
Certain Accelerated Payments. Employer may make any accelerated distribution permissible under Treasury Regulation §1.409A-3(j)(4), provided that such distribution(s) meets the requirements of Section Treasury Regulation §1.409A-3(j)(4).
Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Director of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. For the Bank Date Date FIRST AMENDMENT TO THE DIRECTOR DEFERRED COMPENSATION AGREEMENT DATED THIS AMENDMENT, made and entered into this day of , by and between The Xxxxx National Bunk, a bank organized and existing under the laws of the United States of America, (hereinafter referred to as the “Bank”), and , a Director of the Bank, (hereinafter referred to as the “Director”), shall effectively amend the Director Deferred Compensation Agreement dated , as follows:
Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. For the Bank Date Date EXECUTIVE DEFERRED COMPENSATION AGREEMENT THIS AGREEMENT, made and entered into this day of , by and between The Xxxxx National Bank, a banking corporation incorporated under the laws of Pennsylvania (hereinafter referred to as the “Bank”), and (hereinafter referred to as the “Executive”);
Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. /s/ XXXXXX X. XXXXXXX, EVP/CFO /s/ XXXXXX X. XXXXXX For the Company Xxxxxx X. Xxxxxx Date 12-19-2008 Date 12/19/08 Base Salary Election for Plan Year 2009 Amount of Deferral [initial and complete one] _____ I elect to defer [option: ______% or $______] of my base salary (amount not to exceed 80%). __X__ I elect not to defer any of my base salary. Printed Name: Xxxxxx Xxxxxx Signature: /s/ XXXXXX XXXXXX Date: 12/19/08 Received by the Plan Administrator this 19 day of December, 2008. By: /s/ XXXXXX X. XXXXXXX Title: EVP/CFO Bonus Election for Plan Year 2009 Amount of Deferral [initial and complete one] _____ I elect to defer [option: ______% or $______] of my bonus (amount not to exceed 100%). __X__ I elect not to defer any of my bonus, if any. Printed Name: Xxxxxx Xxxxxx Signature: /s/ XXXXXX XXXXXX Date: 12/19/08 Received by the Plan Administrator this 19th day of December, 2008. By: /s/ XXXXXX XXXXXXX { } New Designation { } Change in Designation I, __________________________________, designate the following as Beneficiary under the Plan: Primary: ________________________________________________________ ________________________________________________________ _______% _______% Contingent: ________________________________________________________ ________________________________________________________ _______% _______% Notes: · Please PRINT CLEARLY or TYPE the names of the beneficiaries. · To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. · To name your estate as Beneficiary, please write “Estate of [your name] ”. · Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. Name: ___________________________________ Signature: ___________________________________ Date: ____________
