Common use of DISTRIBUTION ELECTION Clause in Contracts

DISTRIBUTION ELECTION. Pursuant to the Provisions of my Director Indexed Compensation Benefits Agreement with Heritage Bank of Commerce, I hereby elect to have any distribution of the balance in my Benefit Account paid to me in installments as designated below:

Appears in 4 contracts

Sources: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)