Common Contracts
2 similar Deferred Compensation Agreement contracts by Santander Bancorp
ContractDeferred Compensation Agreement • May 25th, 2004 • Santander Bancorp • National commercial banks • Puerto Rico
DEFERRED COMPENSATION AGREEMENT This Agreement executed this 25th day of March of 2003, and becoming effective as of today, by and between Banco Santander Puerto 'Rico (hereinafter referred to as the "Bank") and Rafael F. Saldana Sola (hereinafter referred to as the "Executive"). WITNESSETH: WHEREAS, the Bank is a commercial bank engaged in business in Puerto Rico; I WHEREAS, Executive is employed by the Bank as Branches Director; NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties agree as follows: Section 1. Compensation .. .Commencing on the effective date of this Agreement, the Bank will compensate the Executive for his services in the form of both current and deferred compensation. The Bank agrees to pay the Executive, cttd the Executive agrees to accept as his compensation for the services to be rendered during taxable year 2003, a total current annual compensation (the "Annual Compensation"), which will be payable in tw
ContractDeferred Compensation Agreement • March 16th, 2004 • Santander Bancorp • National commercial banks • Puerto Rico
DEFERRED COMPENSATION AGREEMENT This Agreement executed this 25th day of March of 2003, and becoming effective as of today, by and between Banco Santander Puerto 'Rico (hereinafter referred to as the "Bank") and Rafael F. Saldana Sola (hereinafter referred to as the "Executive"). WITNESSETH: WHEREAS, the Bank is a commercial bank engaged in business in Puerto Rico; I WHEREAS, Executive is employed by the Bank as Branches Director; NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties agree as follows: Section 1. Compensation .. .Commencing on the effective date of this Agreement, the Bank will compensate the Executive for his services in the form of both current and deferred compensation. The Bank agrees to pay the Executive, cttd the Executive agrees to accept as his compensation for the services to be rendered during taxable year 2003, a total current annual compensation (the "Annual Compensation"), which will be payable in tw
