Subsequent Changes to Time and Form of Payment. The Bank may permit a subsequent change to form and timing of payments (a “subsequent deferral election”). Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any subsequent deferral election 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 7 contracts
Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Executive Deferred Compensation Agreement (LINKBANCORP, Inc.), Executive Salary Continuation Agreement (Lyons Bancorp Inc)
Subsequent Changes to Time and Form of Payment. The Bank Institution may permit a subsequent change to form and timing of payments (a “subsequent deferral election”). Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any subsequent deferral election 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 3 contracts
Samples: Director Supplemental Income Plan Agreement (Osage Bancshares, Inc.), Director Supplemental Income Plan Agreement (Osage Bancshares, Inc.), Director Supplemental Income Plan Agreement (Osage Bancshares, Inc.)
Subsequent Changes to Time and Form of Payment. The Bank may permit a subsequent change to form and timing of payments (a “subsequent deferral election”). Any such Such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any subsequent deferral election 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 2 contracts
Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)
Subsequent Changes to Time and Form of Payment. The Bank Company may permit a subsequent change to form and timing of payments (a “subsequent deferral election”). Any such change shall be considered made only when it becomes irrevocable under the terms of the Agreement. Any subsequent deferral election 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: Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc)
