and Crediting Sample Clauses

and Crediting. The Bank shall establish a deferral account ("Deferral Account") on its books for the Director, and shall credit to the Deferral Account the following amounts:

and Crediting. The Company shall establish a Deferral Account on its books for the Executive, and shall credit to the Deferral Account the following amounts:

and Crediting. The Bank shall establish a Deferral Account on its books for the Executive, and shall credit to the Deferral Account the following amounts:

and Crediting. The Company shall establish a Deferral Account on its books for the Director and shall credit to the Deferral Account the following amounts: (a) Any Deferrals hereunder; and (b) Interest as follows: (i) On the last day of each month and immediately prior to the distribution of any benefits, but only until commencement of benefit distributions under this Agreement, interest shall be credited on the Deferral Account at an annual rate equal to the Crediting Rate, compounded monthly; and (ii) On the last day of each month during any applicable installment period, interest shall be credited on the unpaid Deferral Account balance at an annual rate equal to the Crediting Rate in effect at the time distribution commences. During the distribution period under Article 4 or Article 5, the Board, in its sole discretion, may change the rate used to calculate interest in this Section 3.1(b)(ii) provided such rate shall not be less than the 10-year Treasury rate plus one percent (1%) on the date the board resets the rate.

and Crediting. ONB shall establish a Deferral Account on its books for the Executive and shall credit the Deferral Account the following amounts: