Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Cost of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds (Subparagraph I [K]).
Appears in 2 contracts
Samples: Executive Supplemental Retirement Plan (CNB Holdings Inc /Ga/), Endorsement Method Split Dollar Plan Agreement (Bucs Financial Corp)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the any Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [(K)]).
Appears in 2 contracts
Samples: Executive Supplemental Retirement Plan (Community Trust Financial Services Corporation), Executive Supplemental Retirement Plan (Community Trust Financial Services Corporation)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive any Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average Afterafter-Tax Cost of Funds tax thirty day (Subparagraph I [K])30) mortgage repurchase rate.
Appears in 2 contracts
Samples: Director Supplemental Retirement Plan (Heritage NOLA Bancorp, Inc.), Director Supplemental Retirement Plan Agreement (Heritage NOLA Bancorp, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive any Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of average Federal Funds (Subparagraph I [K])for the Plan Year as quoted in the Wall Street Journal.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Crescent Banking Co)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds (Subparagraph I [K]).
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (First Community Bancshares Inc /Nv/)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' ’ after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average AfterTax-Tax Adjusted Cost of Funds (Subparagraph I [KL]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Peoples Banctrust Co Inc)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be is calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to under the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds (Subparagraph I [K]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan Agreement (New Century Bancorp Inc)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [(K)]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (BV Financial, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Cost of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds (Subparagraph I [K]).
Appears in 1 contract
Samples: Director Supplemental Retirement Plan Agreement (CNB Holdings Inc /Ga/)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive Trustee pursuant to the Executive Trustee Plan (Paragraph II hereinafter) plus the amount of all previous years' after-tax Cost of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds (Subparagraph I [K]).
Appears in 1 contract
Samples: Trustee Supplemental Retirement Plan Agreement (Hampden Bancorp, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [(K)]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Fauquier Bankshares Inc)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [(K)]).
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (BV Financial, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the any Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' years after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average Afterafter-Tax Cost of Funds (Subparagraph I [K])tax thirty {30) day mortgage repurchase rate.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Heritage NOLA Bancorp, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive Director pursuant to the Executive Director Plan (Paragraph II hereinafter) plus the amount of all previous years' ’ after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [(K)]).
Appears in 1 contract
Samples: Director Supplemental Retirement Plan Agreement (Poage Bankshares, Inc.)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II H hereinafter) plus the amount of all previous years' ’ after-tax Cost Costs of Funds Expense, and multiplying that sum by the Average AfterTax-Tax Adjusted Cost of Funds (Subparagraph I [KL]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Peoples Banctrust Co Inc)
Cost of Funds Expense. The Cost of Funds Expense for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "“Index" ” plus the amount of any after-tax benefits paid to the Executive pursuant to the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years' ’ after-tax Cost of Funds Expense, and multiplying that sum by the Average After-Tax Cost of Funds ([Subparagraph I [K(L)]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan Agreement (Poage Bankshares, Inc.)
