Common use of Initial Election Clause in Contracts

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 thirty (30) days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 120 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation Bonus to be deferred and shall be effective to defer only Compensation Bonus earned after the date the Election Form is received by the CompanyBank. In order to participate in this plan to defer Bonus, the Executive must defer a minimum of 5% and a maximum of 25% of the Executive's Bonus.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 thirty (30) days after the Original Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyBank.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Deferral Election Form within 30 days after the Effective Date of this Agreement. The Deferral Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Deferral Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 thirty (30) days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyBank.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyBank. In no event can the Executive's Deferrals for any Plan Year exceed 75% of the Executive's Compensation for that Plan Year.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form form within 30 days after the Effective Date date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and deferred. The Election Form shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date date of this Agreement. The initial Election Form shall set forth the amount of Compensation Base Salary to be deferred in the first Plan Year, not to exceed the stated maximum on the Election Form, and shall be effective to defer only Compensation Base Salary earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Deferral Election Form form within 30 days after the Effective Date of this Agreement. The Deferral Election Form form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Deferral Election Form form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 thirty (30) days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation 2 to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and the form of benefit payment. The Election Form shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Deferral Election Form within 30 days after the Effective Date Executive becomes eligible to participate in the Plan, for the first Plan Year of this Agreementeligibility, or thereafter, prior to the beginning of the Plan Year for which Compensation is to be deferred . The Deferral Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Deferral Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and deferred. The Election Form shall be effective to defer only Compensation earned after the date the Election Form is received by the Company. No Compensation shall be deferred after a Change in Control or the Distribution Date.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 thirty (30) days after the Original Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with delivering to the Company Plan Administrator a signed Election Form and Beneficiary Designation Form within 30 thirty (30) days after being notified by the Effective Date Plan Administrator of this Agreementselection for participation in the Plan. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyPlan Administrator.

Initial Election. The Executive shall was permitted to make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date initial effective date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be deferred. The Election Form was effective to defer only Compensation earned after the date the Election Form is was received by the CompanyCompany The Election Form continues in effect until changed under Section 2.2 below.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyBank. The Executive shall not be permitted to make any deferrals after reaching Normal Retirement Age.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Umpqua a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by Umpqua. In no event can the CompanyExecutive's Deferrals for any Plan Year exceed 50% of the Executive's Base Compensation for that Plan Year and may include all or any portion of Executive's Cash Incentive Compensation.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 thirty (30) days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred up to a maximum of eight thousand dollars ($8000.00) of Executive's annual Compensation and shall be effective to defer only Compensation earned after the date the Election Form is received by the Company.

Initial Election. The Executive shall make an initial deferral election under this Agreement by filing with the Company Bank a signed Election Form within 30 days after the Effective Date date of this Agreement. The Election Form shall set forth the amount of Compensation to be deferred and shall be effective to defer only Compensation earned after the date the Election Form is received by the CompanyBank. The minimum amount of deferral which may be deferred annually is $5,000. The maximum amount which may be deferred is 80% of base salary.