Recordkeeping Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement and is not a trust fund of any kind.
Appears in 35 contracts
Sources: Deferred Compensation Agreement (Orrstown Financial Services Inc), Deferred Compensation Agreement (Acnb Corp), Deferred Compensation Agreement (Orrstown Financial Services Inc)
Recordkeeping Device Only. The Deferral Account is solely a bookkeeping entry and device for measuring amounts to be paid under this Agreement. This Agreement and is does not establish or create in any manner a trust fund of any kind.
Appears in 3 contracts
Sources: Supplemental Executive Retirement Plan (PB Bankshares, Inc.), Supplemental Executive Retirement Plan (PB Bankshares, Inc.), Supplemental Executive Retirement Plan (PB Bankshares, Inc.)