Economic Benefit. The Company shall determine the economic benefit attributable to the Director based on the amount of the current term rate for the Director’s age multiplied by the aggregate death benefit payable to the Director’s beneficiary. The “current term rate” is the minimum amount required to be imputed under Revenue Rulings 64-328 and 66-110, or any subsequent applicable authority.
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Samples: Agreement (Sierra Bancorp), Director Compensation Agreement (Redwood Empire Bancorp), Split Dollar Agreement (CFSB Bancorp, Inc. /MA/)
Economic Benefit. The Company shall determine the economic benefit attributable to the Director based on the amount of the current term rate for the Director’s 's age multiplied by the aggregate death benefit payable to the Director’s 's beneficiary. The “"current term rate” " is the minimum amount required to be imputed under Revenue Rulings 64-328 and 66-110, or any subsequent applicable authority.
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