Common use of Credits to Deferred Compensation Account Clause in Contracts

Credits to Deferred Compensation Account. The Bank shall establish a bookkeeping account for the Director (hereinafter called the “Director’s Deferred Compensation Account”) which shall be credited on the dates such fees, as defined in Paragraph II, would otherwise have been paid with the percentage or dollar amount that the Director has notified the Bank in writing, pursuant to Paragraph III, that the Director elected to have deferred.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (GNB Financial Services Inc)

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Credits to Deferred Compensation Account. The Bank shall establish a bookkeeping account for the Director (hereinafter called the “Director’s Directors Deferred Compensation Account”) which shall be credited on the dates such fees, as defined in Paragraph II, would otherwise have been paid with the percentage or dollar amount that the Director has notified the Bank in writing, pursuant to Paragraph III, that the Director he elected to have deferred.

Appears in 1 contract

Samples: Directors Deferred Compensation Agreement (Community Financial Shares Inc)

Credits to Deferred Compensation Account. The Bank shall establish a bookkeeping account for the Director (hereinafter called the “Director’s Directors Deferred Compensation Account”) which shall be credited on the dates such fees, as defined in Paragraph IISection 2, would otherwise have been paid with the percentage or dollar amount that the Director has notified the Bank in writing, pursuant to Paragraph IIISection 3, that the Director she elected to have deferred.

Appears in 1 contract

Samples: Directors Deferred Compensation Agreement (Community Financial Shares Inc)

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Credits to Deferred Compensation Account. The Bank shall establish a bookkeeping account for the Director (hereinafter called the “Director’s Deferred Compensation Account”) which shall be credited on the dates date such fees, as defined in Paragraph IIII B herein, would otherwise have been paid with the percentage or dollar amount that the Director has notified the Bank in writingelected to defer, pursuant to Paragraph III, that the Director elected to have deferredII A herein.

Appears in 1 contract

Samples: Directors Defined Benefit Plan Agreement (National Bancshares Corp /Oh/)

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