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 any Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the after-tax thirty day (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 any Director Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateK)].
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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Costs Cost of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds (30) mortgage repurchase rateSubparagraph I [K]).
Appears in 2 contracts
Samples: Endorsement Method Split Dollar Plan Agreement (Bucs Financial Corp), Executive Supplemental Retirement Plan (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 any the Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateK)].
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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II H hereinafter) plus the amount of all previous years years’ after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage Tax-tax thirty day Adjusted Cost of Funds (30) mortgage repurchase rateSubparagraph I [L]).
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 any Director the Trustee pursuant to the Director Trustee Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Costs Cost of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds (30) mortgage repurchase rateSubparagraph 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 any Director Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the after-tax thirty day ({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 any the Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Costs Cost of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds (30) mortgage repurchase rateSubparagraph 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 any Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the after-tax thirty day (30) mortgage repurchase rateaverage Federal Funds 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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateK)].
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 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 any Director pursuant to the Director Executive under the Executive Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds (30) mortgage repurchase rateSubparagraph 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 any the Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years years’ after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateK)].
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 any the Director pursuant to the Director Plan (Paragraph II hereinafter) plus the amount of all previous years years' after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds (30) mortgage repurchase rateSubparagraph 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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years years’ after-tax Costs Cost of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateL)].
Appears in 1 contract
Samples: Executive 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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage After-tax thirty day Tax Cost of Funds [Subparagraph I (30) mortgage repurchase rateK)].
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 any Director the Executive pursuant to the Director Executive Plan (Paragraph II hereinafter) plus the amount of all previous years years’ after-tax Costs of Funds Expense, and multiplying that sum by the afterAverage Tax-tax thirty day Adjusted Cost of Funds (30) mortgage repurchase rateSubparagraph I [L]).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Peoples Banctrust Co Inc)
