Common use of Company Contribution Clause in Contracts

Company Contribution. Any Company contribution to the Executive's account balance. The Company contribution, if any, shall be determined by the Board of Directors, at its sole discretion, and shall be based on performance factors set out by said Board of Directors, determined at the end of each calendar year and credited to the Executive's account balance in the calendar year following said determination.

Appears in 3 contracts

Sources: Executive Deferred Compensation Agreement (Iowa First Bancshares Corp), Executive Deferred Compensation Agreement (Iowa First Bancshares Corp), Executive Deferred Compensation Agreement (Iowa First Bancshares Corp)