No Deferral of Compensation Under Section 409A of the Code. All Awards granted under the Plan are designed to not constitute a deferral of compensation for purposes of Section 409A of the Code. No Recipient shall be permitted to defer the recognition of income beyond the date an Award shall be deemed earned pursuant to Article VII of this Plan.
Appears in 4 contracts
Samples: Plan and Trust Agreement (First Keystone Financial Inc), KNBT Bancorp Inc, Home Federal Bancorp, Inc. Of Louisiana
No Deferral of Compensation Under Section 409A of the Code. All Awards granted under the Plan are designed to not constitute a deferral of compensation for purposes of Section 409A of the Code. No Recipient shall be permitted to defer the recognition of income beyond the date an Award shall be deemed earned pursuant to Article VII of this the Plan.
Appears in 2 contracts
Samples: And Retention Plan and Trust Agreement (Gs Financial Corp), Minden Bancorp, Inc.
No Deferral of Compensation Under Section 409A of the Code. All ------------------------------------------------------------ Awards granted under the Plan are designed to not constitute a deferral of compensation for purposes of Section 409A of the Code. No Recipient shall be permitted to defer the recognition of income beyond the date an Award shall be deemed earned pursuant to Article VII of this Plan.
Appears in 1 contract
Samples: WVS Financial Corp
