FICA, Withholding and Other Taxes. (a) When a Participant becomes vested in a portion of his Normal Retirement Benefit, the Plan Sponsor shall withhold from the Participant's cash compensation in a manner determined in the sole discretion of the Plan Sponsor, the Participant's share of FICA and other employment taxes on such vested Normal Retirement Benefit.
Appears in 20 contracts
Samples: Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc), Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc), Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc)
FICA, Withholding and Other Taxes. (a) When a Participant becomes vested in a portion of his Normal Retirement Benefitbenefit under the Plan, the Plan Sponsor shall withhold from the Participant's ’s cash compensation in a manner determined in the sole discretion of the Plan Sponsor, the Participant's ’s share of FICA and other employment taxes on such vested Normal Retirement Benefitbenefit.
Appears in 7 contracts
Samples: Continuation Plan Agreement (Old Line Bancshares Inc), Old Line Bank (Old Line Bancshares Inc), Old Line Bank (Old Line Bancshares Inc)
FICA, Withholding and Other Taxes. (a) When a Participant becomes vested in a portion of his Normal Retirement Benefit, the Plan Sponsor shall withhold from the Participant's ’s cash compensation in a manner determined in the sole discretion of the Plan Sponsor, the Participant's ’s share of FICA and other employment taxes on such vested Normal Retirement Benefit.
Appears in 7 contracts
Samples: Supplemental Executive Retirement Plan (Community Financial Corp /Md/), Supplemental Executive Retirement Plan (Community Financial Corp /Md/), Supplemental Executive Retirement Plan (Community Financial Corp /Md/)
FICA, Withholding and Other Taxes. (a) When a Participant becomes vested in a portion of his the Normal Retirement Benefit, the Plan Sponsor shall withhold from the Participant's cash compensation ’s Base Salary in a manner determined in the sole discretion of the Plan Sponsor, the Participant's ’s share of FICA and other employment taxes on such vested Normal Retirement Benefit.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc), Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc)
