Common use of Nonqualified Retirement Plan Clause in Contracts

Nonqualified Retirement Plan. Company shall enter into a nonqualified supplemental executive retirement plan with Executive whereby Company shall agree to credit a bookkeeping account maintained by Company for Executive with a deemed contribution of $25,000 per fiscal year. Such deemed contribution shall be credited during the Term as of the first day of each fiscal year of the Trust beginning with its 2002 fiscal year, and shall earn interest at the rate of 10%, compounded annually. Executive shall at all times be fully vested in such account, and such account shall be paid to Executive in a single sum within 60 days after the termination of Executive's employment with the Trust for any reason.

Nonqualified Retirement Plan. Company shall enter into a nonqualified supplemental executive retirement plan with Executive whereby Company shall agree to credit a bookkeeping account maintained by Company for Executive with a deemed contribution of $25,000 per fiscal year. Such deemed contribution shall be credited during the Term term of Executive's employment with the Company as of the first day of each fiscal year of the Trust Company beginning with its 2002 2003 fiscal year, and shall earn interest at the rate of 10%, % compounded annually. Executive shall at all times be fully vested in such account, and such account shall be paid to Executive in a single sum within 60 days after the termination of Executive's employment with the Trust Company for any reason."

Nonqualified Retirement Plan. Company shall enter into a nonqualified supplemental executive retirement plan with Executive whereby Company shall agree to credit a bookkeeping account maintained by Company for Executive with a deemed contribution of $25,000 per fiscal year. Such deemed contribution shall be credited during the Term as of the first day of each fiscal year of the Trust Company beginning with its 2002 2004 fiscal year, and shall earn interest at the rate of 10%, % compounded annually. Executive shall at all times be fully vested in such account, and such account shall be paid to Executive in a single sum within 60 days after the termination of Executive's employment with the Trust Company for any reason.

Nonqualified Retirement Plan. Company shall enter into a nonqualified supplemental executive retirement plan with Executive whereby Company shall agree to credit a bookkeeping account maintained by Company for Executive with a deemed contribution of $25,000 100,000 per fiscal year. Such deemed contribution shall be credited during the Term as of the first day of each fiscal year of the Trust beginning with its 2002 fiscal year, and shall earn interest at the rate of 10%, % compounded annually. Executive shall at all times be fully vested in such account, and such account shall be paid to Executive in a single sum within 60 days after the termination of Executive's employment with the Trust for any reason.

Nonqualified Retirement Plan. Company The Trust shall enter into a nonqualified supplemental executive retirement plan with Executive whereby Company the Trust shall agree to credit a bookkeeping account maintained by Company the Trust for Executive with a deemed contribution of $25,000 per fiscal year. Such deemed contribution shall be credited during the Term as of the first day of each fiscal year of the Trust beginning with its 2002 1999 fiscal year, and shall earn interest at the rate of 10%, compounded annually. Executive shall at all times be fully vested in such account, account and such account shall be paid to Executive in a single sum within 60 days after the termination of Executive's employment with the Trust for any reason.