Subsequent Changes to Time and Form of Payment. The Bank may permit a subsequent change to the time and form of benefit distributions. Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any change will be considered irrevocable not later than thirty (30) days following acceptance of the change by the Plan Administrator, subject to the following rules:
Appears in 18 contracts
Samples: Executive Supplemental Retirement Plan (Heritage NOLA Bancorp, Inc.), Executive Supplemental Retirement Plan Executive Agreement (Poage Bankshares, Inc.), Executive Salary Continuation Agreement (Simmons First National Corp)
Subsequent Changes to Time and Form of Payment. The Bank Institution may permit a subsequent change to the time and form of benefit distributions. Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any change will be considered irrevocable not later than thirty (30) days following acceptance of the change by the Plan Administrator, subject to the following rules:
Appears in 4 contracts
Samples: Executive Salary Continuation Plan Agreement (Osage Bancshares, Inc.), Executive Salary Continuation Plan Agreement (Osage Bancshares, Inc.), Executive Salary Continuation Plan Agreement (Osage Bancshares, Inc.)
Subsequent Changes to Time and Form of Payment. The Bank Company may permit a subsequent change to the time and form of benefit distributions. Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any change will be considered irrevocable not later than thirty (30) days following acceptance of the change by the Plan Administrator, subject to the following rules:
Appears in 1 contract
Samples: Salary Continuation Agreement (Pacific State Bancorp)
