CREDITS TO ACCOUNT. The Company shall credit each Deferred Amount to a bookkeeping account in the name of the Executive (the "Account") on the date the Deferred Amount would (absent this Amendment) have been paid to the Executive. The Company shall also credit the Account monthly with interest on the balance therein at the prime rate as pub lished in the Wall Street Journal, as in effect from time to time, less one percentage point. The Account shall be reduced as and to the extent distributions are made from the Account pursuant to Sections 4, 6 and 7 of this Amendment.
Appears in 6 contracts
Samples: Employment Agreement (Aeroflex Inc), Employment Agreement (Aeroflex Inc), Employment Agreement (Aeroflex Inc)
