Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Election Form A with the Company. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Election Form A is received by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B.
Appears in 7 contracts
Samples: Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)
Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Deferral Election Form A with the Company. The modified deferral shall not be effective until the calendar year following the year in which the such subsequent Deferral Election Form A is received by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B..
Appears in 6 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Deferral Election Form A with the CompanyBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Deferral Election Form A is received by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B.Bank.
Appears in 3 contracts
Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (Newnan Coweta Bancshares Inc)
Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Election Form A with the CompanyBank. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Election Form A is received by the CompanyBank. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B.Exhibit A.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (Riverview Financial Corp), Director Deferred Fee Agreement (First Perry Bancorp, Inc)
Election Changes. The Upon Company approval, the Director may modify the amount of Fees to be deferred annually by filing a new Election Form A with the CompanyCompany prior to the beginning of the Plan Year in which the Fees are to be deferred. The modified deferral election shall not be effective until the calendar year following the year in which the subsequent Election Form A is received and approved by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B..
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Election Changes. The Director may modify the amount of Fees Compensation to be deferred annually by filing a new Election Form A with the CompanyCompany 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 Election Form A is received and approved by the Company. Any changes Unless and until and new Election Form is delivered to the form of benefit payment must be Company, the Director’s election will remain in accordance effect with Election Form C. Any changes respect to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B.succeeding Plan Years.
Appears in 1 contract
Samples: Outside Director Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)
Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Election Form A with the Company. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Election Form A is received by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B..
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)
Election Changes. The Upon the Company’s approval, the Director may modify the amount of Fees to be deferred annually by filing a new Election Form A with the CompanyCompany prior to the beginning of the Plan Year in which the Fees are to be deferred. The modified deferral election shall not be effective until the calendar year following the year in which the subsequent Election Form A is received and approved by the Company. Any changes to the form of benefit payment must be in accordance with Election Form C. Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B..
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Luxemburg Bancshares Inc)
