Imputed Income. The Employer shall impute income to the Executive for the benefits provided by this Agreement as required under federal and state income tax laws, and the liability for such taxes shall be the Executive’s.
Appears in 5 contracts
Samples: Nevada Security Bank (Bank Holdings), Nevada Security Bank (Bank Holdings), Nevada Security Bank (Bank Holdings)
Imputed Income. The Employer shall impute income to the Executive for the benefits provided by this Agreement as required under federal and state income tax laws, and the liability Executive shall be liable for such taxes shall be the Executive’staxes.
Appears in 2 contracts
Samples: Polonia Bank Split Dollar Agreement (Polonia Bancorp), Polonia Bank Split Dollar Agreement (Polonia Bancorp)
Imputed Income. The Employer shall impute income to the Executive for the benefits provided by this Agreement as required under federal and state income tax laws, and the liability for such taxes shall be the Executive’s.
Appears in 1 contract
Samples: Plumas Bank (Plumas Bancorp)
