Common use of Other Employer Contributions Clause in Contracts

Other Employer Contributions. Employer Contributions other than Matching Contributions shall be discretionary from year to year, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Employer Contributions, all as determined by the Employer and documented in writing, and such writings will form part of the Plan, as specified in the Adoption Agreement. Employer Contributions under this Plan shall be credited to such Participants’ Employer Contributions Accounts as soon as administratively feasible.

Appears in 7 contracts

Samples: Nonqualified Supplemental Deferred Compensation Plan (Carter Bankshares, Inc.), Nonqualified Supplemental Deferred Compensation Plan (Virginia Electric & Power Co), Nonqualified Supplemental Deferred Compensation Plan (Spirit of Texas Bancshares, Inc.)

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Other Employer Contributions. Employer Contributions other than Matching Contributions shall be discretionary from year to year, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Employer Contributions, all as determined by the Employer and documented in writing, and such writings will form part of the Plan, as specified in the Adoption Agreement. Employer Contributions under this Plan shall be credited to such Participants' Employer Contributions Accounts as soon as administratively feasible.

Appears in 1 contract

Samples: Nonqualified Supplemental Deferred Compensation Plan (Eog Resources Inc)

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