THE NONQUALIFIED DEFERRED COMPENSATION PLAN ADOPTION AGREEMENTNonqualified Deferred Compensation Plan Adoption Agreement • November 25th, 2024 • Mercantile Bank Corp • State commercial banks
THIS AGREEMENT is the adoption of the Nonqualified Deferred Compensation Plan ("Plan") by Mercantile Bank (the "Company") with an EIN of 38-3360868.
Rabbi Directed Trust AgreementRabbi Directed Trust Agreement • November 25th, 2024 • Mercantile Bank Corp • State commercial banks • Delaware
THIS TRUST AGREEMENT (“Agreement”) is made by and between Mercantile Bank (“Employer”) and Delaware Charter Guarantee & Trust Company, conducting business as Principal Trust Company (“Trustee”). WHEREAS, the Employer has adopted the Nonqualified Deferred Compensation Plan #2 (“Plan”) to provide benefits for certain employees of the Employer and employees of participating employers that have adopted the Plan; WHEREAS, the Employer has incurred or expects to incur liability under the terms of the Plan with respect to individuals participating in the Plan; WHEREAS, the Employer wishes to contribute to the Trust assets that shall be held therein, subject to the claims of the Employer’s creditors in the event of the Employer’s Insolvency, as herein defined, until paid to the Plan participants and their beneficiaries in such manner and at such times as specified in the Plan; This is an amendment and restatement of the above-named Trust. This is a newly-established trust. WHEREAS, it is the i
