Common use of Deferred Compensation Contribution Clause in Contracts

Deferred Compensation Contribution. During the Term, the Company will make an annual contribution for the Executive’s benefit to the Executive Deferred Compensation Plan, or any successor plan designated by the Compensation Committee of the Board of Directors of the Company, in an amount equal to at least 15% of the Executive’s then current annual base salary.

Deferred Compensation Contribution. During the Termterm of this Agreement, the Company will make an annual contribution for the Executive’s benefit to the Executive Deferred Compensation Plan, or any successor plan designated by the Compensation Committee of the Board of Directors of the Companyplan, in an amount equal to at least 155% of the Executive’s then current annual base salary. At his sole option, the Executive may direct the Company to make this annual contribution to the supplemental retirement plan to be established for his benefit in accordance with the preceding section.