{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "subject-to-the-provisions", "type": "clause", "offset": [0, 25]}, {"key": "paragraphs-2", "type": "clause", "offset": [59, 71]}, {"key": "date-hereof", "type": "clause", "offset": [126, 137]}, {"key": "deferred-date", "type": "definition", "offset": [144, 157]}, {"key": "the-company-will", "type": "clause", "offset": [161, 177]}, {"key": "the-executive", "type": "clause", "offset": [182, 195]}, {"key": "event-of", "type": "definition", "offset": [237, 245]}, {"key": "lump-sum", "type": "definition", "offset": [259, 267]}, {"key": "benefit-amount", "type": "clause", "offset": [274, 288]}, {"key": "equal-to", "type": "definition", "offset": [291, 299]}, {"key": "the-bonus", "type": "definition", "offset": [304, 313]}, {"key": "interest-factor", "type": "definition", "offset": [349, 364]}, {"key": "per-annum", "type": "definition", "offset": [374, 383]}, {"key": "employed-by-the-company", "type": "definition", "offset": [497, 520]}, {"key": "provided-that", "type": "clause", "offset": [538, 551]}, {"key": "bonus-amount", "type": "clause", "offset": [587, 599]}, {"key": "the-interest", "type": "definition", "offset": [601, 613]}, {"key": "in-clauses", "type": "clause", "offset": [656, 666]}, {"key": "the-definition", "type": "definition", "offset": [685, 699]}], "size": 6, "samples": [{"hash": "l1OvpmdPyyd", "uri": "/contracts/l1OvpmdPyyd#deferred-compensation-benefit", "label": "Deferred Compensation Agreement (Alliance Laundry Holdings LLC)", "score": 18.0, "published": true}, {"hash": "ei0KWkwMx5i", "uri": "/contracts/ei0KWkwMx5i#deferred-compensation-benefit", "label": "Deferred Compensation Agreement (Alliance Laundry Holdings LLC)", "score": 18.0, "published": true}, {"hash": "b1fllueLRJY", "uri": "/contracts/b1fllueLRJY#deferred-compensation-benefit", "label": "Deferred Compensation Agreement (Alliance Laundry Holdings LLC)", "score": 18.0, "published": true}], "snippet": "Subject to the provisions in ----------------------------- paragraphs 2 and 3 hereof, as of the date ten (10) years after the date hereof (the \"Deferred Date\"), the Company will pay the Executive (or his beneficiary in ------------- the event of his death) a lump sum (the \"Benefit Amount\") equal to (i) the Bonus -------------- Amount plus (ii) an interest factor of 5.94% per annum, compounding annually, ---- from the date hereof until payment hereunder, regardless of whether the Executive is employed by the Company as of such date; 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Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation but subject to Section 3(a)(ii) below) as any elective deferrals of Base Salary and Guaranteed Bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section 1(b)(iii) above.", "hash": "c4281afc9cd63baa3dac83c5587e0c06", "id": 3}, {"snippet_links": [{"key": "a-participant", "type": "definition", "offset": [0, 13]}, {"key": "equal-to", "type": "definition", "offset": [55, 63]}, {"key": "total-amount", "type": "definition", "offset": [68, 80]}, {"key": "the-participant", "type": "clause", "offset": [93, 108]}, {"key": "article-iv", "type": "definition", "offset": [130, 140]}], "size": 3, "samples": [{"hash": "fZnCzftoyiM", "uri": "/contracts/fZnCzftoyiM#deferred-compensation-benefit", "label": "Deferred Compensation Plan (American Greetings Corp)", "score": 19.0, "published": true}, {"hash": "aj2wZ5CGjqd", "uri": "/contracts/aj2wZ5CGjqd#deferred-compensation-benefit", "label": "Employees\u2019 Deferred Compensation Plan (Stoneridge Inc)", "score": 19.0, "published": true}, {"hash": "3fWpEQI7WBQ", "uri": "/contracts/3fWpEQI7WBQ#deferred-compensation-benefit", "label": "Deferred Compensation Plan (Stoneridge Inc)", "score": 19.0, "published": true}], "snippet": "A Participant\u2019s Deferred Compensation Benefit shall be equal to the total amount credited to the Participant\u2019s Account under this Article IV.", "hash": "1a4eba0c56d7b5b0c56355d69451c991", "id": 4}, {"snippet_links": [{"key": "to-the-executive", "type": "clause", "offset": [25, 41]}, {"key": "pursuant-to-sections-3", "type": "clause", "offset": [42, 64]}, {"key": "this-agreement", "type": "clause", "offset": [74, 88]}], "size": 3, "samples": [{"hash": "6J5JyhFjJcE", "uri": "/contracts/6J5JyhFjJcE#deferred-compensation-benefit", "label": "Merger Agreement (Midcarolina Financial Corp)", "score": 21.9664613279, "published": true}, {"hash": "4tXw2dmwRXY", "uri": "/contracts/4tXw2dmwRXY#deferred-compensation-benefit", "label": "Employment Agreement (American National Bankshares Inc)", "score": 20.2375085558, "published": true}], "snippet": "The total amount payable to the Executive pursuant to Sections 3 and 4 of this Agreement.", "hash": "0429d4b115f4f5d151b6e81ac03df16e", "id": 5}, {"snippet_links": [{"key": "beginning-with-the", "type": "clause", "offset": [0, 18]}, {"key": "day-of", "type": "clause", "offset": [25, 31]}, {"key": "the-election", "type": "clause", "offset": [83, 95]}, {"key": "paragraph-3", "type": "definition", "offset": [112, 123]}, {"key": "each-year", "type": "definition", "offset": [149, 158]}, {"key": "the-bank-will", "type": "clause", "offset": [223, 236]}, {"key": "to-the-executive", "type": "clause", "offset": [241, 257]}, {"key": "benefit-for", "type": "definition", "offset": [268, 279]}, {"key": "the-period", "type": "clause", "offset": [280, 290]}, {"key": "exhibit-b", "type": "definition", "offset": [323, 332]}, {"key": "payment-of-the", "type": "clause", "offset": [354, 368]}, {"key": "deferred-compensation-benefits", "type": "clause", "offset": [369, 399]}, {"key": "profit-sharing", "type": "definition", "offset": [574, 588]}, {"key": "employee-benefit-plans", "type": "clause", "offset": [606, 628]}, {"key": "of-the-executive", "type": "clause", "offset": [641, 657]}, {"key": "with-the-bank", "type": "clause", "offset": [683, 696]}, {"key": "social-security-benefit", "type": "definition", "offset": [775, 798]}], "size": 2, "samples": [{"hash": "6wGSNEtdO51", "uri": "/contracts/6wGSNEtdO51#deferred-compensation-benefit", "label": "Deferred Compensation Agreement (Union Bankshares Inc)", "score": 16.0, "published": true}, {"hash": "4WXuczhyOLm", "uri": "/contracts/4WXuczhyOLm#deferred-compensation-benefit", "label": "Deferred Compensation Plan and Agreement (Union Bankshares Inc)", "score": 16.0, "published": true}], "snippet": "Beginning with the first day of the month in which the Executive has designated by the election as set forth in Paragraph 3 hereof (and on that date each year thereafter) or as soon thereafter as is reasonably practicable, the Bank will pay to the Executive an annual benefit for the period and in the amounts set forth on Exhibit B attached hereto. The payment of the deferred compensation benefits under this paragraph shall not in any manner disqualify the Executive from receiving any benefits to which the Executive may be entitled under any other pension, retirement, profit sharing or other similar employee benefit plans arising out of the Executive's services or employment with the Bank, nor is it intended to disqualify the Executive from receiving payment of any social security benefit to which the Executive may be entitled.", "hash": "434a3715288ec95dbeba3408c995f179", "id": 6}, {"snippet_links": [{"key": "subject-to-the-provisions", "type": "clause", "offset": [0, 25]}, {"key": "limitations-of-this-agreement", "type": "clause", "offset": [30, 59]}, {"key": "the-corporation", "type": "clause", "offset": [61, 76]}, {"key": "to-the-executive", "type": "clause", "offset": [87, 103]}, {"key": "annual-amount", "type": "clause", "offset": [107, 120]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [125, 151]}, {"key": "to-this-agreement", "type": "clause", "offset": [179, 196]}, {"key": "day-of", "type": "clause", "offset": [249, 255]}, {"key": "following-the", "type": "definition", "offset": [271, 284]}, {"key": "actual-retirement-date", "type": "definition", "offset": [297, 319]}, {"key": "normal-retirement-date", "type": "clause", "offset": [333, 355]}], "size": 2, "samples": [{"hash": "4ojBhfvg9vC", "uri": "/contracts/4ojBhfvg9vC#deferred-compensation-benefit", "label": "Supplemental Executive Retirement Agreement (First United Bancshares Inc /Ar/)", "score": 18.0, "published": true}, {"hash": "44OpYPoIENH", "uri": "/contracts/44OpYPoIENH#deferred-compensation-benefit", "label": "Supplemental Executive Retirement Agreement (First United Bancshares Inc /Ar/)", "score": 18.0, "published": true}], "snippet": "Subject to the provisions and limitations of this Agreement, the Corporation shall pay to the Executive an annual amount, in equal monthly installments, as stated in the Addendum to this Agreement. 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Typically, this clause outlines the conditions under which deferred payments are made, such as upon retirement, termination, or after a specified vesting period, and may detail how the deferred amounts accrue interest or are invested. Its core practical function is to provide employees with future financial security while allowing employers to incentivize long-term retention and manage cash flow."}, "json": true, "cursor": ""}}