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Bank Contribution definition

Bank Contribution means the contribution to the Deferral Account, if any, as set forth in Section 3.1.
Bank Contribution means any amount credited by the Bank to a Deferral Account on behalf of the Executive.
Bank Contribution means the amounts credited on behalf of the Executive by the Bank to the Executive’s Account under the terms of the Plan.

Examples of Bank Contribution in a sentence

  • Provided this Agreement is not earlier terminated under the terms and conditions herein and the Executive remains employed with the Bank, the Bank will credit the Executive’s Deferral Account with a total of eleven (11) Bank Contributions, each in an amount equal to no less than One Hundred Ninety Nine Thousand Fifteen Dollars ($199,015.00), for a total Bank Contribution of Two Million Five Hundred Eight-Nine Thousand One Hundred Sixty-Five Dollars ($2,189,165.00).

  • Provided this Agreement is not earlier terminated under the terms and conditions herein and the Executive remains employed with the Bank, the Bank will credit the Executive’s Deferral Account with a total of twenty-four (24) Bank Contributions, each in an amount equal to no less than Sixty-Six Thousand Two Hundred Thirty-Two Dollars ($66,232.00), for a total Bank Contribution of One Million Five Hundred Eighty-Nine Thousand Five Hundred Sixty-Eight Dollars ($1,589,568.00.00).


More Definitions of Bank Contribution

Bank Contribution means any discretionary contribution the Bank makes to the Deferral Account as described in Section 2.5.
Bank Contribution means the amount credited to the ------------------ Deferred Contribution Account of a Participant annually representing a mandatory deferral by the Participant of ten percent of the Annual Bonus Award under the Nittany Bonus Plan determined for such Participant for that calendar year, as detailed at Section 2.7(a) hereinafter.
Bank Contribution means the amount the Bank credits to the Executive’s Bank Contribution Account as a nonelective contribution in accordance with Section 3.2 of the Plan. This shall be 20% of Executive’s annual base salary, not including any annual bonuses, group-term life insurance premiums, any noncash benefit provided to the Executive, or any fringe benefit under Code Section 132, whether or not excludible from gross income. This contribution shall be calculated before any payroll reduction for any amounts deferred by the Executive pursuant to the Bank’s tax qualified plans maintained under Code Section 401(a) or a plan maintained under Code Section 125, or under this Plan.
Bank Contribution means the contribution to the Holdback Account as set forth in Article 3.
Bank Contribution means, as of any date of determination, the dollar amount, if any, by which (a) the aggregate amount of all dividends paid by the Bank to the Trust since October 1, 1997, exceeds (b) the sum of (i) Accumulated Interest, multiplied by (1 (one) - the Bank Tax Rate), plus (ii) 50% of the difference of (A) 80% of the cumulative Consolidated Bank Net Income (Loss) since October 1, 1997, minus (B) the amount determined pursuant to clause (b)(i) of this definition, minus (iii) the Bank Stock Purchase Amount; provided, however, that if at any time between October 1, 1997 and the date of determination of the Bank Contribution, the Trust shall own more or less than 80% of the outstanding common stock of the Bank, the Bank Contribution shall be calculated for each period of varying ownership as set forth in this definition by substituting the percentage ownership of common stock of the Bank for the 80% in clause (b)(ii)(A) of this definition; provided further that if the amount in clause (b) exceeds the amount in clause (a), the absolute value of such excess shall be referred to herein as the "Available Amount."
Bank Contribution means, as of any date of determination, the dollar amount, if any, by which (a) the aggregate amount of all dividends paid by the Bank to the Trust since October 1, 2003, exceeds (b) the sum of (i) Accumulated Interest, multiplied by (1 (one) - the Bank Tax Rate), plus (ii) 50% of the difference of (A) 80% of the cumulative Consolidated Bank Net Income (Loss) since October 1, 2003, minus (B) the amount determined pursuant to clause (b)(i) of this definition, minus (iii) the Bank Stock Purchase Amount; provided, however, that if at any time between October 1, 2003 and the date of determination of the Bank Contribution, the Trust shall own more or less than 80% of the outstanding common stock of the Bank, the Bank Contribution shall be calculated for each period of varying ownership as set forth in this definition by substituting the percentage ownership of common stock of the Bank for the 80% in clause (b)(ii)(A) of this definition; provided further that if the amount in clause (b) exceeds the amount in clause (a), the absolute value of such excess shall be referred to herein as the “Available Amount.”

Related to Bank Contribution

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.