Change in Control Event. If the Employer designates in the Adoption Agreement that distributions are permitted under the Plan upon the occurrence of a Change in Control Event, the Participant may designate in the Participation Agreement to have the vested balance in the Deferred Compensation Account paid to the Participant upon a Change in Control Event by the Employer as provided in Section 7.
Appears in 11 contracts
Sources: Nonqualified Deferred Compensation Plan Adoption Agreement (Mercantile Bank Corp), Nonqualified Deferred Compensation Plan Adoption Agreement (First Community Bankshares Inc /Va/), Adoption Agreement (Douglas Dynamics, Inc)
Change in Control Event. If the Employer designates in the Adoption Agreement designates that distributions are permitted under the Plan upon the occurrence of a Change in Control Event, the Participant may designate in the Participation Agreement to have the vested balance in the Deferred Compensation Account paid to the Participant upon a Change in Control Event by the Employer as provided in Section 7.
Appears in 1 contract
Sources: Deferred Compensation Plan (Everus Construction Group, Inc.)