Common use of Certain Accelerated Payments Clause in Contracts

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).

Appears in 4 contracts

Samples: Osage Bancshares, Inc., Osage Bancshares, Inc., Osage Bancshares, Inc.

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Certain Accelerated Payments. The Institution may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Employee Director of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4).

Appears in 3 contracts

Samples: Osage Bancshares, Inc., Osage Bancshares, Inc., Osage Bancshares, Inc.

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Certain Accelerated Payments. The Institution Company may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Employee Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4).

Appears in 1 contract

Samples: Continuation Agreement (Pacific State Bancorp)

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