Net Present Value. The term, “Net Present Value” (or “NPV”) shall mean the value, as of a specified date, of future cash payments due, calculated using a discount rate which is equal to that used to account for the plan (i.e., calculating the Accrued Liability Balance).
Appears in 1 contract
Sources: Executive Supplemental Compensation Agreement (Five Star Bancorp)
Net Present Value. The term, “Net Present Value” (or “NPV”) shall mean the value, as of a specified date, of future cash payments due, calculated using a discount rate which is equal to that used to account for determine Actuarial Equivalent values under the plan (i.e., calculating the Accrued Liability Balance)Plan.
Appears in 1 contract
Sources: Supplemental Executive Retirement Plan Agreement (Columbia Banking System Inc)
Net Present Value. The term, “term "Net Present Value” " (or “"NPV”") shall mean the value, value as of a specified date, of future cash payments due, calculated using a discount rate which is equal to that used to account for the plan (i.e., calculating "applicable interest rate" specified by Code Section 417(e)(3)(C) and as of the Accrued Liability Balance)date of Executive's Disability.
Appears in 1 contract
Sources: Executive Supplemental Compensation Agreement (Columbia Banking System, Inc.)