Lnb Bancorp Inc Watch

from 8-K 5 pages Lorain National Bank 2014 Indirect Lending Commission Compensation Plan for Sr. Vice President Indirect Lending A. Employer or Lorain National Bank. Lorain National Bancorp, Its Subsidiaries, Affiliates, and/or Joint Venture Partners. B. Employee: Sr. Vp Indirect Lending C. Plan. the Lorain National Bank Indirect Lending Commission Plan for Indirect Dealer Sales Representative. D. Commission Payment. Commission Payment Earned by Employee on the Commission Payment Date. the Commission Payment Is Determined in Accordance With Section IV of This Plan. E. Commission Payment Date. the Date Designated by Employer to Be the Date on Which Commission Payments Will Be Paid. F. Product or Service Definitions. 1. Actual Loan Production: Actual Principle Amount of Loans Produced in a Specified Period