Common use of Deferred Compensation Account Clause in Contracts

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit as hereinabove defined under this Agreement Thirteen and One-tenth percent (13.1%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit and Bridge Benefit as hereinabove defined under this Agreement Thirteen Twenty-one and OneNine-tenth tenths percent (13.121.9%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit and Bridge Benefit as hereinabove defined under this Agreement Thirteen Forty-three and One-tenth percent (13.143.1%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, and 401(k) Make-up Account, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit as hereinabove defined under this Agreement Thirteen Seven and OneFour-tenth tenths percent (13.17.4%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit and Bridge Benefit as hereinabove defined under this Agreement Thirteen Nine and OneSix-tenth tenths percent (13.19.6%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”

Deferred Compensation Account. On or after the 2003 Effective Date of this Agreement, and as of the calendar year date determined by the Bank during the next four years and thereafter, beginning in 2008, on or following the end of each calendar quarter, during the continuance of the Officer’s employment by the Bank, the Bank shall credit to a unfunded book reserve or reserves established for the purpose of providing the Target Benefit as hereinabove defined under this Agreement Thirteen Four and OneNine-tenth tenths percent (13.14.9%) of the Officer’s annual salary (or ¼ of such annual salary beginning in 2008) as of such date of crediting hereunder. Such amount credited hereunder, together with all amounts credited to an unfunded book reserve or reserves established for the purpose of providing the Voluntary Account, if any, as hereinabove defined under this Agreement, shall hereinafter collectively be called the “Deferred Compensation Account.”