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).
Appears in 1 contract
Sources: Executive Supplemental Compensation Agreement (Temecula Valley Bancorp Inc)
Certain Accelerated Payments. The Bank may accelerate distribution to the Executive of deferred amounts (including for payment of employment, incomeemployment taxes, and other taxesamounts includible in income as a result of a 409A plan failure), provided that such distribution(s) meets the requirements of Sections Section 1.409A-3(j)(4).
Appears in 1 contract
Sources: Community Bank Executive Supplemental Retirement Plan Agreement (Home Bancshares Inc)