Common use of Initial Deferral Election(s) Clause in Contracts

Initial Deferral Election(s). Upon notification of eligibility in this Agreement during the initial Plan Year, and if Director elects to defer compensation, Director shall deliver to the Plan Administrator:

Appears in 5 contracts

Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (GNB Financial Services Inc), Director Supplemental Income Plan Agreement (Osage Bancshares, Inc.)

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Initial Deferral Election(s). Upon notification of eligibility in this Agreement during the initial Plan Year, and if Director elects to defer compensationfees, Director shall deliver to the Plan Administrator: (a) a Deferral Election Form, signed and dated; (b) a Beneficiary Form, signed and dated; (c) a Distribution Election Form, signed and dated. The Director shall deliver such forms to the Plan Administrator within thirty (30) days of notification of eligibility, and shall set forth on the forms the amount of fees to be deferred.

Appears in 4 contracts

Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)

Initial Deferral Election(s). Upon notification of eligibility in this Agreement during the initial Plan Year, and if Director Executive elects to defer compensation, Director Executive shall deliver to the Plan Administrator:

Appears in 3 contracts

Samples: Executive Deferred Compensation Agreement (LINKBANCORP, Inc.), Executive Deferred Compensation Agreement (GNB Financial Services Inc), Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc)

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Initial Deferral Election(s). Upon notification of eligibility in this Agreement during the initial Plan Year, and if Director elects to defer compensation, Director shall deliver to the Plan Administrator: (a) a Deferral Election Form, signed and dated; (b) a Beneficiary Form, signed and dated. Director shall deliver such forms to the Plan Administrator within thirty (30) days of notification of eligibility, and shall set forth on the forms the amount of compensation to be deferred.

Appears in 1 contract

Samples: Director Fee Continuation Agreement (Lyons Bancorp Inc)

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