Document ID: 10199

Text:
$100,000 per year for ten years beginning at age 65 payable to Employee, Employees designee, or his Estate. This is intended to replace the BOLI that Employee forfeited upon leaving his former employer. Employee need not remain the President and CEO to continue to participate in the deferred compensation plan, although Employee must remain employed in some capacity up to age 65 to continue to participate, provided, if Employee dies prior to age 65 while employed by the Company, his designee and/or estate shall receive the remainder of his deferred compensation.

Named Entities:
0
3
Salary
45
45
Role
47
47
Role

Tokenized Text:
$
100
,
000
per
year
for
ten
years
beginning
at
age
65
payable
to
Employee
,
Employees
designee
,
or
his
Estate
.
This
is
intended
to
replace
the
BOLI
that
Employee
forfeited
upon
leaving
his
former
employer
.
Employee
need
not
remain
the
President
and
CEO
to
continue
to
participate
in
the
deferred
compensation
plan
,
although
Employee
must
remain
employed
in
some
capacity
up
to
age
65
to
continue
to
participate
,
provided
,
if
Employee
dies
prior
to
age
65
while
employed
by
the
Company
,
his
designee
and
/
or
estate
shall
receive
the
remainder
of
his
deferred
compensation
.