Common use of Election Changes Clause in Contracts

Election Changes. The Executive may modify the amount of Deferrals annually by filing a new Deferral Election Form with the Employer. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the Employer.

Appears in 10 contracts

Samples: Deferred Compensation Agreement (LINKBANCORP, Inc.), Deferred Compensation Agreement (LINKBANCORP, Inc.), Deferred Compensation Agreement (LINKBANCORP, Inc.)

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Election Changes. The Executive may modify the amount of Deferrals Compensation to be deferred annually by filing a new Deferral Election Form with the EmployerBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the EmployerBank.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)

Election Changes. The Executive may modify the amount of Deferrals Base Salary to be deferred annually by filing a new Deferral Election Form with the EmployerBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the EmployerBank.

Appears in 3 contracts

Samples: Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp), Deferred Compensation Agreement (Alamogordo Financial Corp)

Election Changes. The Executive may modify the amount of Deferrals Compensation, Bonus and/or Performance-Based Compensation to be deferred annually by filing a new Deferral Election Form with the EmployerCompany. The modified deferral shall not be effective until the calendar year following the year in which the such subsequent Deferral Election Form is received by the EmployerCompany.

Appears in 3 contracts

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

Election Changes. The Executive may modify the amount of Deferrals Bonus and/or Performance-Based Compensation to be deferred annually by filing a new Deferral Election Form with the EmployerCompany. The modified deferral shall not be effective until the calendar year following the year in which the such subsequent Deferral Election Form is received by the EmployerCompany.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

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Election Changes. The Executive may modify the amount of Deferrals Base Salary, Bonus and Performance Based Compensation to be deferred annually by filing a new Deferral Election Form with the EmployerBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the EmployerBank.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Riverview Financial Corp)

Election Changes. The Executive may modify the amount of Deferrals Fees to be deferred annually by filing a new Deferral Election Form with the EmployerBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the EmployerBank.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Green Bankshares, Inc.)

Election Changes. The Executive may modify the amount of Deferrals Compensation to be deferred annually by filing a new Deferral Election Form with the EmployerCompany prior to the beginning of the Plan Year in which the Compensation is to be deferred. The modified deferral election shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form is received and approved by the EmployerCompany. Unless and until a new Deferral Election Form is delivered to the Company, the Executive’s election will remain in effect with respect to succeeding Plan Years.

Appears in 1 contract

Samples: Executive Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)

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