Period of Economic Hardship. If, in any year, payments made under this Agreement would, in the sole judgment of the Board of Directors, create economic hardship for the Bank's depositors, the Board of Directors has full authority to postpone such payments.
Appears in 1 contract
Samples: Directors Deferred Income Agreement (Peoples Financial Corp /MS/)
Period of Economic Hardship. If, in any year, payments made under this Agreement would, in the sole judgment of the Board of Directors, create economic hardship for the Bank's depositorsDepositors, the Board of Directors has full authority to postpone such payments.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Franklin Financial Services Corp /Pa/)
Period of Economic Hardship. If, in any year, payments made under this Agreement would, in the sole judgment of the Board of Directors, create economic hardship for the Bank's depositors’s Depositors, the Board of Directors has full authority to postpone such payments.
Appears in 1 contract
Samples: Director's Compensation Agreement (First Advantage Bancorp)
Period of Economic Hardship. If, If in any year, payments made under this Agreement would, in the sole judgment of the Board of DirectorsDirector’s, create economic hardship for the Bank's depositors’s Depositors, the Board of Directors Director’s has full authority to postpone such payments.
Appears in 1 contract
Samples: Director's Compensation Agreement (First Advantage Bancorp)
