Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "specified employee" under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "separation from service" under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 8 contracts
Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp), Salary Continuation Agreement (West Pointe Bancorp Inc), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "“specified employee" ” under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "“separation from service" ” under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 4 contracts
Samples: Executive Deferred Compensation Agreement, Executive Deferred Compensation Agreement (First Ulb Corp.), Executive Deferred Compensation Agreement (First Ulb Corp.)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "“specified employee" ” under Section 409A of the Code and regulations thereunder at the time any benefit distributions otherwise would be payable upon a “separation from service,” as defined in Section 409A of the Code and regulations thereunder, such benefit distributions that qualify as a "separation from service" under Section 409A of shall be deferred and paid to the Code and regulations thereunder may not commence earlier than Executive six (6) months after the date of such separation from service.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive Director is considered a "specified employee" under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "separation from service" under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "“specified employee" ” under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "separation from service" under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "specified employee" Specified Employee under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "“separation from service" ” under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (Mercantile Bank Corp)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive Director is considered a "“specified employee" ” under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "“separation from service" ” under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "“specified employee" ” under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "“separation from service" ” under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.. UNITED LABOR BANK, F.S.B. Executive Deferred Compensation Plan MASTER PLAN DOCUMENT
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (First Ulb Corp.)
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a "“specified employee" ” under Section HOMEFEDERAL BANK 409A of the Code and regulations thereunder, benefit distributions that qualify as a "separation from service" under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp)
Restriction on Timing of Distribution. Notwithstanding any provision of -------------------------------------- this Agreement to the contrary, if the Executive is considered a "specified employee" under Section 409A of the Code and regulations thereunder, benefit distributions that qualify as a "separation from service" under Section 409A of the Code and regulations thereunder may not commence earlier than six (6) months after the date of such separation from service.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp)
