ADOPTION AGREEMENT OFG BANCORP DEFERRED COMPENSATION PLANAdoption Agreement • December 28th, 2023 • Ofg Bancorp • State commercial banks
Contract Type FiledDecember 28th, 2023 Company IndustryThe undersigned Company acting on behalf of itself and each Participating Employer, having been duly advised by its own counsel as to the legal and tax consequences of adopting this Deferred Compensation Plan, and having determined that adoption of this Plan as an unfunded, nonqualified deferred compensation plan would better enable the Company to attract and retain key personnel, HEREBY ADOPTS the attached Deferred Compensation Plan, subject to the following terms, conditions and elections, all of which are integral parts of the Plan adopted hereby: