Common use of Deferred Compensation Benefit Clause in Contracts

Deferred Compensation Benefit. Subject to the provisions in ----------------------------- paragraphs 2 and 3 hereof, as of the date ten (10) years after the date hereof (the "Deferred Date"), the Company will pay the Executive (or his beneficiary in ------------- the event of his death) a lump sum (the "Benefit Amount") equal to (i) the Bonus -------------- Amount plus (ii) an interest factor of 5.94% per annum, compounding annually, ---- from the date hereof until payment hereunder, regardless of whether the Executive is employed by the Company as of such date; provided that, with -------- ---- respect to the Bonus Amount, the interest factor shall accrue regarding the amounts in clauses (ii) and (iii) of the definition thereof only as of the date such amounts are earned.

Deferred Compensation Benefit. Subject to the provisions in ----------------------------- paragraphs 2 and 3 hereof, as of the date ten (10) years after the date hereof (the "Deferred Date"), the Company will pay the Executive (or his beneficiary in ------------- the event of his death) a lump sum (the "Benefit Amount") equal to (i) the Bonus -------------- Amount plus (ii) the Deferred Compensation Amount plus (iii) an interest factor ---- ---- of 5.94% per annum, compounding annually, ---- from the date hereof until payment hereunder, regardless of whether the Executive is employed by the Company as of such date; provided that, with -------- ---- respect to the Bonus Amount, the interest factor -------- ---- shall accrue regarding the amounts in clauses (ii) and (iii) of the definition thereof only as of the date such amounts are earned.