Common use of Timing of Participant Election Clause in Contracts

Timing of Participant Election. The Participant shall elect the form of payment subdivision of his Employee Deferral Account related to the compensation deferred by a specific Deferred Compensation Election at the time his Deferred Contribution Election is filed for such deferral. The Timing of Payment may be changed only in accordance with the rule of Section 409A of the Code.

Appears in 3 contracts

Samples: American National Bankshares Inc., C & F Financial Corp, C & F Financial Corp

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Timing of Participant Election. The Participant shall elect the form of payment Benefit Commencement Date for the subdivision of his Employee Deferral Account related to the compensation deferred by a specific Deferred Compensation Election at the time his Deferred Contribution Election is filed for such deferral. The Timing of Payment may be changed only in accordance with the rule of Section 409A of the Code.

Appears in 3 contracts

Samples: American National Bankshares Inc., C & F Financial Corp, C & F Financial Corp

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Timing of Participant Election. The Participant shall elect the form of payment subdivision of his Employee Deferral Account related to the compensation deferred by a specific Deferred Compensation Election at the time his Deferred Contribution Election is filed for such deferral. The Timing of Payment may be changed only in accordance with the rule of Section 409A of the Code.

Appears in 2 contracts

Samples: Agreement (C & F Financial Corp), Agreement (C & F Financial Corp)

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