Certain Accelerated Payments Sample Clauses

Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4).

Certain Accelerated Payments. In certain limited circumstances the Bank may make an accelerated distribution to the Executive of deferred amounts, solely to the extent that such distribution meets the requirements of Section 1.409A-3(j)(4). In order to make such accelerated payments, Bank will notify Executive of the specific Section 1.409A-3(j)(4) exemption being relied upon by the Bank in making the accelerated payments.

Certain Accelerated Payments. The Company may accelerate a payment in the situations described below, provided that such distribution meets the requirements of Treasury Reg. Section 1.409A-3(j)(4). First United Security Bank DIRECTOR RETIREMENT AGREEMENT

Certain Accelerated Payments. The Bank may accelerate distribution to the Executive of deferred amounts (including for payment of employment, income, and other taxes), provided that such distribution(s) meets the requirements of Sections 1.409A-3(j)(4).

Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Director of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. /s/ R▇▇▇▇▇ ▇. ▇▇▇▇▇▇ /s/ D▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇. For the Bank D▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇. Date 7/22/08 Date 7-22-08

Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. For the Bank Date Date THIS AGREEMENT, made and entered into this day of , by and between The ▇▇▇▇▇ National Bank, a banking corporation incorporated under the laws of Pennsylvania (hereinafter referred to as the “Bank”), and (hereinafter referred to as the “Executive”);

Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation 1.409A-3(j)(4) to the Director of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. For the Bank Date Date THIS AMENDMENT, made and entered into this day of , by and between The ▇▇▇▇▇ National Bunk, a bank organized and existing under the laws of the United States of America, (hereinafter referred to as the “Bank”), and , a Director of the Bank, (hereinafter referred to as the “Director”), shall effectively amend the Director Deferred Compensation Agreement dated , as follows:

Certain Accelerated Payments. The Bank may make any accelerated distribution permissible under Treasury Regulation l.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution(s) meets the requirements of Section 1.409A-3(j)(4). Therefore, the foregoing changes are agreed to. MAR 30, 2007 02:13P 0▇▇-▇▇▇-▇▇▇▇▇ page 2 THIS AMENDMENT, made and entered into this 29th day of December , 2006, by and between The G▇▇▇▇ National Bank, a bank organized and existing under the laws of the United States of America, (hereinafter referred to as the “Bank"), and T▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an Executive of the Bank, (hereinafter referred to as the “Executive”), shall effectively amend the Executive Deferred Compensation Agreement dated January 8, 2002 as follows:

Certain Accelerated Payments. Employer may make any accelerated distribution permissible under Treasury Regulation §1.409A-3(j)(4), provided that such distribution(s) meets the requirements of Section Treasury Regulation §1.409A-3(j)(4).