Election Changes. The Director may modify the amount of Deferrals annually by filing a new Deferral Election Form with the Bank. 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 Bank.
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Samples: Director Deferred Fee Agreement (Riverview Financial Corp), Director Deferred Fee Agreement (Riverview Financial Corp)
Election Changes. The Director may modify the amount of Deferrals Fees to be deferred annually by filing a new Deferral Election Form with the BankCompany. 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 BankCompany.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (First Community Financial Corp)
Election Changes. The Director may modify the amount of Deferrals Fees to be deferred annually by filing a new Fees Deferral Election Form with the BankCompany. The modified deferral shall not be effective until the calendar year following the year in which the subsequent Fees Deferral Election Form is received by the BankCompany.
Appears in 1 contract
Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)
Election Changes. The Director may not modify or revoke a deferral election during a calendar year by changing the amount of Deferrals annually by filing a new Deferral Election Form with Fees deferred except in the Bankcase of an Unforeseeable Financial Emergency pursuant to the Unforeseeable Financial Emergencies article, below. The modified A valid deferral election shall not be effective until apply only to the calendar year following specified on the year in which the subsequent Deferral applicable Election Form. The Director must deliver an Election Form is received by to the BankBank prior to each calendar year to defer Fees.
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