Common use of Employer Credits 1 (Employer Discretionary Credits) Clause in Contracts

Employer Credits 1 (Employer Discretionary Credits). The Employer may make discretionary credits to the Deferred Compensation Account of each Active Participant in an amount determined as follows: XX (i) An amount determined each Plan Year by the Employer.

Appears in 4 contracts

Samples: Deferred Compensation Plan (Everus Construction Group, Inc.), Deferred Compensation Plan (Mdu Resources Group Inc), Executive Nonqualified Excess Plan Adoption Agreement (Sound Financial Bancorp, Inc.)

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Employer Credits 1 (Employer Discretionary Credits). The Employer may make discretionary credits to the Deferred Compensation Account of each Active Participant in an amount determined as follows: XX (i) An amount determined each Plan Year by the Employer. (ii) Other: .

Appears in 1 contract

Samples: Executive Nonqualified Excess Plan Adoption Agreement (Webster Financial Corp)

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