Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 45 contracts
Sources: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Luxemburg Bancshares Inc), Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 44 contracts
Sources: Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Executive Incentive Retirement Agreement (Smithtown Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 16 contracts
Sources: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Community Capital Corp /Sc/)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 12 contracts
Sources: Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kindfund. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise by the Bank to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 11 contracts
Sources: Director Elective Income Deferral Agreement (Cape Fear Bank CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay distribute such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 7 contracts
Sources: Director Deferred Fee Agreement (Greene County Bancshares Inc), Deferred Compensation Agreement (Greene County Bancshares Inc), Deferred Compensation Agreement (Greene County Bancshares Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's ’s creditors.
Appears in 6 contracts
Sources: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kindfund. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere promise by the Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 5 contracts
Sources: Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a funded trust fund of any kind. The Director Participant is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank’s promise to pay such benefits. The Director's Participant’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Participant’s creditors.
Appears in 5 contracts
Sources: Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights to such benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 4 contracts
Sources: Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Amended Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise by the Bank to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 4 contracts
Sources: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's ’s creditors.
Appears in 4 contracts
Sources: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 4 contracts
Sources: Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 4 contracts
Sources: Executive Deferred Compensation Agreement, Executive Deferred Compensation Agreement (First Ulb Corp.), Executive Deferred Compensation Agreement (First Ulb Corp.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's ’s creditors.
Appears in 3 contracts
Sources: Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 3 contracts
Sources: Director Deferred Fee Agreement, Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay distribute such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 3 contracts
Sources: Executive Deferred Compensation Agreement (Greene County Bancshares Inc), Executive Deferred Compensation Agreement (Greene County Bancshares Inc), Executive Deferred Compensation Agreement (Greene County Bancshares Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's creditors.
Appears in 3 contracts
Sources: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's Executive’s creditors.
Appears in 3 contracts
Sources: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 3 contracts
Sources: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this AgreementPlan. The Deferral Account is not a trust fund of any kind. The Director Participant is a general unsecured creditor of the Company Corporation for the payment distribution of benefits. The benefits represent the mere Company Corporation promise to pay distribute such benefits. The DirectorParticipant's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorParticipant's creditors.
Appears in 2 contracts
Sources: Director Deferred Compensation Plan (Choiceone Financial Services Inc), Director Deferred Compensation Plan (Choiceone Financial Services Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement, if any. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 2 contracts
Sources: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.), Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in to any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's creditors.
Appears in 2 contracts
Sources: Director Deferred Fee Agreement (Valley National Corp /De/), Director Deferred Fee Agreement (Valley National Corp /De/)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to the anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director or Director's creditors.
Appears in 2 contracts
Sources: Deferred Fee Agreement (Regency Bancorp), Deferred Fee Agreement (Regency Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Amended Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 2 contracts
Sources: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 2 contracts
Sources: Director Deferred Fee Agreement (Central Valley Community Bancorp), Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust segregated fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 2 contracts
Sources: Director Deferred Fee Agreement (Central Valley Community Bancorp), Deferred Fee Agreement (Central Valley Community Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 2 contracts
Sources: Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (Smithtown Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise by the Bank to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 2 contracts
Sources: Director Deferred Fee Agreement (SI Financial Group, Inc.), Director Deferred Fee Agreement (SI Financial Group, Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company and the Bank for the payment distribution of benefits. The benefits represent the mere promise by the Company promise and/or the Bank to pay distribute such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 2 contracts
Sources: Director Deferred Compensation Agreement (Sussex Bancorp), Director Deferred Compensation Agreement (Sussex Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's rights to such benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 2 contracts
Sources: Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 2 contracts
Sources: Director Fee Deferral Agreement (Sandy Spring Bancorp Inc), Director Deferred Fee Agreement (California Independent Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Riverview Financial Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise of the Bank to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (Premierwest Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Corporation for the payment distribution of benefits. The benefits represent the mere Company Corporation promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kindfund. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise by the Bank to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Elective Income Deferral Agreement (Capital Corp of the West)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay distribute such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.. Neighborhood Community Bank Director Deferred Compensation Agreement
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (Newnan Coweta Bancshares Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of cash benefits. The benefits represent the mere promise of the Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Outside Director Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The Mid Penn Bank Director Deferred Fee Agreement Exhibit 10.13 Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company Company's promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 1 contract
Sources: Deferred Compensation Agreement (Champion Communication Services Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Deferred Compensation Agreement (Hf Financial Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits 3 represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ' s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Iowa First Bancshares Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the Company's mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (National Penn Bancshares Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is are not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Community Valley Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (First Community Bancshares Inc /In)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay distribute such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by the DirectorExecutive's creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company ONB for the payment of benefits. The benefits represent the mere Company promise of ONB to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.. Article 3
Appears in 1 contract
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise of the Bank to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Premierwest Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a funded trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefitsbenefits and does not retain any ownership of the mutual funds used to determine Return on Investment. The benefits represent the mere Company Bank promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a funded trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank's promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.. ARTICLE BENEFITS DURING LIFETIME
Appears in 1 contract
Sources: Incentive Deferred Bonus Agreement (PSB Holdings Inc /Wi/)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Texas United Bancshares Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid paid, if any, under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Incentive Agreement (Home Federal Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, . attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Coastal Banking Co Inc)
Accounting Device Only. The Deferral Account is Accounts are solely a device devices for measuring amounts to be paid under this Agreement. The Deferral Account is Accounts are not a trust fund funds of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Incentive Agreement (Home Federal Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid paid, if any, under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 1 contract
Sources: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. 2NEXT PAGE Community Bank Director Deferred Fee Agreement The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Community Financial Corp /Va/)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Madison County Financial, Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of cash benefits. The benefits represent the mere promise of the Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Deferred Restricted Stock Grant Agreement (Umpqua Holdings Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust segregated fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (First Northern Community Bancorp)
Accounting Device Only. The Deferral Account is solely a device for of measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (First Community Bancshares Inc /In)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment distribution of benefits. The benefits represent the a mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Madison County Financial, Inc.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise by the Bank to pay such benefits. The Director's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's creditors.
Appears in 1 contract
Sources: Deferred Compensation Agreement (Capital Corp of the West)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company promise of the Bank to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Premierwest Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment distribution of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (Mercantile Bank Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust segregated fund of any kind. The Director is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Central Valley Community Bancorp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director is a general unsecured creditor of the Company for the payment of benefits. The benefits represent the mere Company Company’s promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (HCSB Financial Corp)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kindkind and does not represent segregated monies. The Director is a general unsecured creditor of the Company for the payment payments of benefits. The benefits represent the mere Company promise to pay such benefits. The Director's ’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's ’s creditors.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (Fairfield County Bank Corp.)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company for the payment of cash benefits. The benefits represent the mere promise of the Company promise to pay such benefits. The Director's Executive’s rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director's Executive’s creditors.
Appears in 1 contract
Sources: Executive Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)
Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind. The Director Executive is a general unsecured creditor of the Company Bank for the payment of benefits. The benefits represent the mere Company Bank's promise to pay such benefits. The DirectorExecutive's rights are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the DirectorExecutive's creditors.
Appears in 1 contract
Sources: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)