Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the yield of a one- year Treasury Bill as of the crediting date.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (CNB Holdings Inc /Ga/)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150100%) of the yield of a one- one year Treasury Bill treasury rate as of the crediting datedate to a: minimum of six percent (6%).
Appears in 1 contract
Samples: Director Supplemental Retirement Plan Agreement (Citizens Bancshares Corp /Ga/)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150100%) of the yield of a one- one-year Treasury Bill bill as of the crediting date.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Cherokee Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average annualized yield of a one- one year Treasury Bill as of treasury xxxx for the crediting datePlan Year.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Crescent Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty 150% of the one-year Treasury xxxx each year, with a minimum interest credited each year of six percent (1506%) of the yield of a one- year Treasury Bill as of the crediting date).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (CCF Holding Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each yearBenefit Year. The interest rate credited shall be one hundred and fifty twenty five percent (150125%) of the yield of a one- one-year Treasury Bill xxxx as of the crediting date.
Appears in 1 contract
Samples: Director Supplemental Retirement Agreement (Netbank Inc)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average after-tax yield of a one- year Treasury Bill as of the crediting dateXxxx.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan Agreement (CNB Holdings Inc /Ga/)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) the Bank's average prime lending rate of the yield of a one- year Treasury Bill as of the crediting dateeach Plan Year.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (North Georgia Community Financial Partne)