Common use of Incentive Deferral Clause in Contracts

Incentive Deferral. As of December 31 of each year while this Agreement is in effect, the Bank shall declare the Incentive Award for the most recently completed Plan Year in the form of compensation and credit such amount to the Deferral Account.

Appears in 2 contracts

Sources: Director Deferred Incentive Agreement (Home Federal Bancorp Inc), Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)