Incentive Deferral. Within sixty (60) days following the end of each Plan Year, the Bank shall declare the Incentive Award for the most recently completed Plan Year and credit such amount to the Deferral Account. Effective on August 29, 2007, no further Incentive Awards shall be made under the Plan.
Appears in 1 contract
Sources: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)
Incentive Deferral. Within sixty (60) days following the end of each Plan Year, the Bank shall declare the Incentive Award for the most recently completed Plan Year and credit such amount to the Deferral Account. Effective on August 29, 2007, no further Incentive Awards shall be made under the Plan.
Appears in 1 contract
Sources: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)