Common use of Interest Credit Clause in Contracts

Interest Credit. The Deferral Account shall be credited on the payment date provided in Paragraph 4 with interest on Deferred Amounts (consisting of cash) from the respective Deferral Dates to the payment date. The interest rate(s) to determine such interest shall be the same interest rate(s) applicable to the relevant periods of time as shall be applicable to employee contributions under the Company's Benefit Restoration Plan, and if the Benefit Restoration Plan shall cease to be in effect, then at such interest rate(s) as shall be established from time to time by the Compensation Committee of the Board of Directors of the Company. No interest shall be credited to Deferred Amounts consisting of shares of stock or other property, as dividends and other distributions, if any, credited to the Deferred Account with respect to shares of stock or other property shall constitute the only earnings with respect to such non-cash property.