Common use of Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan Clause in Contracts

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten percent (10%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 11 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

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Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten five percent (105%) of annual Base Salary in accordance with the Employer’s SERPSupplemental Executive Retirement Plan, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 5 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten percent (10%) of annual Base Salary in accordance with the Employer’s SERPSupplemental Executive Retirement Plan, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 5 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten five percent (105%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 5 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten 10 percent (10%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 3 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten twenty percent (1020%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten five percent (105%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. Annually, Employer will also make payment to the Executive’s account as outlined in the Employer’s Supplemental Executive Retirement Deferred Compensation Plan. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

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Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten percent (1015%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten percent (10%) % of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

Supplemental Executive Retirement Plan (“SERP”), and Deferred Compensation Plan. Executive shall also be entitled to receive an annual contribution equal to ten fifteen percent (1015%) of annual Base Salary in accordance with the Employer’s SERP, as may be adjusted at the discretion of the Board of Directors from time to time. The Executive may also participate in the Employer’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

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