See Treas. Reg. §1.409A-2(a)(1). The Plan treats this election as not being subject to the timing rules applicable to payment elections.
Appears in 8 contracts
Samples: Nonqualified Deferred Compensation Plan Adoption Agreement (South Plains Financial, Inc.), Deferred Compensation Plan Adoption Agreement (South Plains Financial, Inc.), Supplemental Executive Retirement Plan Adoption Agreement (DNB Financial Corp /Pa/)