Interest Rate Reduction. Provided however, after the Director's Termination of Service, the interest rate to be credited to the Director's Deferral Account under Section 3.1.2 shall be 1% under the prime lending rate reported in the Wall Street Journal on the first business day on or before the anniversary date of this Agreement.
Appears in 2 contracts
Sources: Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp)
Interest Rate Reduction. Provided however, after the Director's Termination of Service, the interest rate to be credited to the Director's Deferral Account under Section 3.1.2 shall be 11 % under the prime lending rate reported in the Wall Street Journal on the first business day on or before the anniversary date of this Agreement.
Appears in 1 contract
Sources: Director Deferred Fee Agreement (First Community Financial Corp)