Common use of Contribution of Deferred Compensation Clause in Contracts

Contribution of Deferred Compensation. Within ninety (90) days following the completion of each Plan Year, the Bank shall make a Grant to the Deferral Account. Each Grant shall be credited to the Deferral Account as of the first day of the Plan Year following the Plan Year to which the Grant relates. There shall be no Grants after the year in which Separation from Service occurs.

Appears in 9 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

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