Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average after-tax yield of a one- year Treasury ▇▇▇▇.
Appears in 1 contract
Sources: Director Supplemental Retirement Plan Agreement (CNB Holdings Inc /Ga/)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average after-tax annualized yield of a one- one year Treasury treasury ▇▇▇▇▇ for the Plan Year.
Appears in 1 contract
Sources: Director Supplemental Retirement Plan (Crescent Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average after-tax yield of a one- year Treasury ▇▇▇▇Bill as of the crediting date.
Appears in 1 contract
Sources: Executive Supplemental Retirement Plan (CNB Holdings Inc /Ga/)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each yearBenefit Year. The interest rate credited shall be one hundred and fifty twenty five percent (150125%) of the average after-tax yield of a one- one-year Treasury ▇▇▇▇▇ as of the crediting date.
Appears in 1 contract
Sources: Director Supplemental Retirement Agreement (Netbank Inc)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150100%) of the average after-tax yield of a one- one-year Treasury ▇▇▇▇bill as of the crediting date.
Appears in 1 contract
Sources: Executive Supplemental Retirement Plan (Cherokee Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) % of the average afterone-tax yield of a one- year Treasury ▇▇▇▇▇ each year, with a minimum interest credited each year of six percent (6%).
Appears in 1 contract
Sources: Executive Supplemental Retirement Plan (CCF Holding Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) the Bank's average prime lending rate of the average after-tax yield of a one- year Treasury ▇▇▇▇each Plan Year.
Appears in 1 contract
Sources: Executive Supplemental Retirement Plan (North Georgia Community Financial Partne)