Common use of Initial Deferral Election Clause in Contracts

Initial Deferral Election. The Director shall make an initial deferral election under this Agreement by completion and delivery to the Bank of the Election Form attached hereto as Exhibit A. The Election Form shall set forth the amount of Fees to be deferred, the form of benefit payment and designation of beneficiary. The Election Form shall be delivered to the Bank not later than June 30, 1997 and effective to defer only those Fees earned for services performed after June 30, 1997.

Initial Deferral Election. The Director shall make an initial deferral election under this Agreement by completion and delivery to the Bank Company of the Election Form attached hereto as Exhibit A. Form. The Election Form shall set forth the amount or percentage of Fees to be deferred, deferred and the form of benefit payment and designation of beneficiarypayment. The Election Form shall be delivered to the Bank Company not later than June thirty (30, 1997 ) days after the date this Agreement is entered into and effective to defer only those Fees earned for services performed after June 30, 1997the date of delivery of the Election Form.

Initial Deferral Election. The Director shall make an initial deferral election under this Agreement by completion and delivery to the Bank Company of the Election Form attached hereto as Exhibit A. The Election Form shall set forth the amount of Fees to be deferred, the form of benefit payment payment, and designation of shall designate a beneficiary. The Election Form shall be delivered to the Bank Company not later than June 30, 1997 twenty (20) days after the date this Agreement is entered into and effective to defer only those Fees earned for services performed after June 30, 1997the date of delivery of the Election Form.

Initial Deferral Election. The Director shall make an initial deferral election under this Agreement by completion and delivery to the Bank of the Election Form attached hereto as Exhibit A. The Election Form shall set forth the amount of Fees to be deferred, the form of benefit payment and designation of beneficiary. The Election Form shall be delivered to the Bank not later than June April 30, 1997 1998 and effective to defer only those Fees earned for services performed after June April 30, 19971998.