Common use of Interest On The Deferred Compensation Account Clause in Contracts

Interest On The Deferred Compensation Account. The Executive’s Deferred Compensation Account shall be credited with an amount that is in addition to the salary and compensation credited under Paragraph IV. Such amount shall be determined by multiplying the balance of the Executive’s Deferred Compensation Account by a rate of interest equal to one hundred fifty percent (150%) of the average one year Treasury instrument for the plan year as quoted in the Wall Street Journal. Such rate shall be adjusted annually. Such amount shall be credited as long as there is a balance in the Executive’s Deferred Compensation Account and shall be credited on December 31st of each year.

Interest On The Deferred Compensation Account. The Executive’s Executive Deferred Compensation Account shall be credited with an amount that is in addition to the salary and compensation credited under Paragraph IV. Such amount shall be determined by multiplying the balance of the Executive’s Deferred Compensation Account by a rate of interest equal to one hundred fifty percent (150%) of the average one year Treasury instrument Bank’s Indexed Money Market Account at the highest rate for the plan year as quoted in the Wall Street Journaleach year. Such rate shall be adjusted annuallyquarterly. Such amount shall be credited as long as there is a balance in the Executive’s Deferred Compensation Account and shall be credited on the December 31st 31 of each year.

Interest On The Deferred Compensation Account. The Executive’s Executive Deferred Compensation Account shall be credited with an amount that is in addition to the salary and compensation credited under Paragraph IV. Such amount shall be .be determined by multiplying the balance of the Executive’s Deferred Compensation Account by a rate of interest equal to one hundred fifty percent (150%) of the Chase Bank’s average one year Treasury instrument prime lending rate for the plan year as quoted in the Wall Street Journaleach year. Such rate shall be adjusted annually. Such amount shall be credited as long as there is a balance in the Executive’s Deferred Compensation Account and shall be credited on December 31st 31 of each year.