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Executives' Deferred Compensation Plan

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Title:

Executives' Deferred Compensation Plan

Entities:

National Bank of Indianapolis Corp

Date:

2005

Size:

Preview shows 6KB of 63KB total

Price:

$44

ID:

#1554755

► Plans ► Compensation ► Deferred ► Executive Deferred Compensation Plans

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                  THE NATIONAL BANK OF INDIANAPOLIS CORPORATION

                     EXECUTIVES' DEFERRED COMPENSATION PLAN







                         EFFECTIVE DATE: JANUARY 1, 2005









<PAGE>



                                   ADOPTION OF

                  THE NATIONAL BANK OF INDIANAPOLIS CORPORATION

                     EXECUTIVES' DEFERRED COMPENSATION PLAN

--------------------------------------------------------------------------------



         Pursuant to resolutions adopted by the Board of Directors of The

National Bank of Indianapolis Corporation, an Indiana corporation (the

"Corporation"), the undersigned officers of the Corporation hereby adopt The

National Bank of Indianapolis Corporation Executives' Deferred Compensation

Plan, effective as of January 1, 2005, on behalf of the Corporation, in the form

attached hereto.



         Dated this 15th day of December, 2005.



                                               THE NATIONAL BANK OF INDIANAPOLIS

                                               CORPORATION







                                               By: /s/ Michael S. Maurer

                                                   -----------------------------

                                                   Michael S. Maurer, Chairman







ATTEST:





/s/ David R. Frick

-----------------------------

David R. Frick, Secretary



<PAGE>



                                TABLE OF CONTENTS





Article I INTRODUCTION 1



         Section 1.1   Purpose.................................................1

         Section 1.2   Structure...............................................1

         Section 1.3   Administration..........................................1

         Section 1.4   Definitions.............................................2





Article II ELIGIBILITY 6



         Section 2.1   Eligibility.............................................6

         Section 2.2   No Contract of Employment...............................6





Article III PARTICIPANT DEFERRALS AND CORPORATION CONTRIBUTIONS................6



         Section 3.1   Participant Deferrals...................................6

         Section 3.2   Deferral Elections......................................6

         Section 3.3   Participant Deferral Limits.............................7

         Section 3.4   Matching Contributions..................................7

         Section 3.5   Supplemental Contributions..............................7

         Section 3.6   Allocation of Deferrals and Contributions...............8

         Section 3.7   Application of Earnings and Adjustment of Earnings

                       Rate....................................................8

         Section 3.8   Adjustments to Bookkeeping Accounts.....................8

         Section 3.9   Unsecured Contractual Rights............................9





Article IV VESTING AND DISTRIBUTIONS...........................................9



         Section 4.1   Vesting.................................................9

         Section 4.2   Time of Payment of Benefits............................10

         Section 4.3   Form of Payment of Benefits............................10

         Section 4.4   Death of Participant and Beneficiary Designation.......10

         Section 4.5   Repayment of Benefits..................................11





Article V PLAN ADMINISTRATION.................................................11



         Section 5.1   Administration by the Committee........................11

         Section 5.2   Powers and Responsibilities of the Committee...........11

         Section 5.3   Claims Procedure.......................................12

         Section 5.4   Income and Employment Tax Withholding..................13





Article VI AMENDMENT AND TERMINATION..........................................13



         Section 6.1   Amendment of the Plan..................................13





                                       i

<PAGE>



         Section 6.2   Termination of the Plan................................13





Article VII MISCELLANEOUS.....................................................13



         Section 7.1   Gender and Number......................................13

         Section 7.2   Severability...........................................13

         Section 7.3   Governing Law..........................................13

         Section 7.4   Headings...............................................14

         Section 7.5   Evidence...............................................14

         Section 7.6   No Effect on Employment or Service.....................14

         Section 7.7   Participation..........................................14

         Section 7.8   Liability and Indemnification..........................14

         Section 7.9   Nontransferability.....................................15

         Section 7.10  Funding................................................15

         Section 7.11  Incapacity of Participant or Beneficiary...............15

         Section 7.12  Corporate Successors...................................16

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