Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, may reduce future deferrals under this Agreement.
Appears in 27 contracts
Samples: Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Lowcountry National Bank (Coastal Banking Co Inc), Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the CompanyBank, may reduce future deferrals under this Agreement.
Appears in 12 contracts
Samples: Deferred Compensation Agreement (QCR Holdings Inc), Bonus Deferral Agreement (Columbia Bancorp \Or\), Bonus Deferral Agreement (Columbia Bancorp \Or\)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, may reduce future deferrals referrals under this Agreement. Upon the Board's determination that the Executive has suffered an unforeseeable financial emergency as described herein, the Company shall distribute to the Executive all or a portion of the Deferred Compensation Account Balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.
Appears in 2 contracts
Samples: Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp), Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, ONB may reduce future deferrals under this Agreement, in which event the modified deferral shall be effective immediately.
Appears in 1 contract
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the ExecutiveExecutive may, by written instructions to the Company, may reduce future deferrals under this Agreement.
Appears in 1 contract
Samples: Agreement (Cerritos Valley Bancorp)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, Company may reduce or cease future deferrals under this Agreement.
Appears in 1 contract
Samples: Compensation Agreement (Southern Michigan Bancorp Inc)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, Company may reduce future deferrals under this Agreement or may cease deferrals under this Agreement.
Appears in 1 contract
Samples: Compensation Agreement (Lawrence Financial Holdings Inc)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the -3- control of the Executive occurs, the Executive, by written instructions to with the Companyconsent of the Bank, may reduce future deferrals under this AgreementAgreement for the remainder of the calendar year.
Appears in 1 contract
Samples: Peoples State Bank Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Hardship. If an any unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, may reduce future deferrals under this Agreement.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)
Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs, the Executive, by written instructions to the Company, may reduce future deferrals under this Agreement.. 287
Appears in 1 contract