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INDB > SEC Filings for INDB > Form 8-K on 25-Jun-2014All Recent SEC Filings

Show all filings for INDEPENDENT BANK CORP

Form 8-K for INDEPENDENT BANK CORP


25-Jun-2014

Other Events


Item 8.01 Other Events

On June 19, 2014 Independent Bank Corp. (the "Company") and its wholly-owned commercial bank subsidiary Rockland Trust Company ("Rockland Trust"), by votes of their Boards of Directors, adopted a Nonqualified Deferred Compensation Plan.

The Nonqualified Deferred Compensation Plan permits highly compensated employees of the Company and/or of Rockland Trust who participate in Rockland Trust's officer performance incentive compensation plan, Rockland Trust's Investment Management Group officer incentive compensation plan, and/or the executive officer performance incentive plan of the Company and Rockland Trust to voluntarily defer until a specified future date receipt of all, or a portion of, their incentive compensation. The Compensation Committee of the Board of Directors administers the Nonqualified Deferred Compensation Plan and annually selects, from among the participants in the named incentive compensation plans, the individuals eligible to voluntarily defer incentive compensation. Participants have the right to direct investment of amounts deferred in the investment alternatives made available by he Compensation Committee. For 2014 the Compensation Committee selected a group of officers as eligible to voluntarily defer incentive compensation under the Nonqualified Deferred Compensation Plan which includes, but is not limited to, the executive officers of the Company and Rockland Trust.

Exhibit No. Description
99.1 Nonqualified Deferred Compensation Plan


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