Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average annualized yield of a one year treasury xxxx for the Plan Year.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan (Crescent Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each yearBenefit Year. The interest rate credited shall be one hundred and fifty twenty five percent (150125%) of the average annualized yield of a one one-year treasury Treasury xxxx for as of the Plan Yearcrediting date.
Appears in 1 contract
Samples: Director Supplemental Retirement Agreement (Netbank Inc)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150100%) of the average annualized yield of a one one-year treasury xxxx for Treasury bill as of the Plan Yearcrediting date.
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (Cherokee Banking Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150100%) of the average annualized yield of a one year treasury xxxx for rate as of the Plan Yearcrediting date to a: minimum of six percent (6%).
Appears in 1 contract
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty 150% of the one-year Treasury xxxx each year, with a minimum interest credited each year of six percent (1506%) of the average annualized yield of a one year treasury xxxx for the Plan Year).
Appears in 1 contract
Samples: Executive Supplemental Retirement Plan (CCF Holding Co)
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director Executive and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average annualized yield of a one one- year treasury xxxx for Treasury Bill as of the Plan Yearcrediting date.
Appears in 1 contract
Deferred Compensation Account. The Bank shall establish a Deferred Compensation Account in the name of the Director and credit that account with the deferrals. The Bank shall also credit interest to the Deferred Compensation Account balance on December 31st of each year. The interest rate credited shall be one hundred and fifty percent (150%) of the average annualized after-tax yield of a one one- year treasury xxxx for the Plan YearTreasury Xxxx.
Appears in 1 contract
Samples: Supplemental Retirement Plan Director Agreement (CNB Holdings Inc /Ga/)
