Common use of Annual Bonus Deferral Clause in Contracts

Annual Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s annual bonus, if any, for services to be performed in the Bonus Year, there shall be deducted an amount equivalent to 100% percent of the gross bonus payment which will be credited to the Deferred Compensation Account as of the date on which such check is to be issued. Amounts credited to the Deferred Compensation Account pursuant to this paragraph 1(a) (as adjusted for deemed investment returns hereunder) shall be 100% vested at all times.

Annual Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s annual bonus, if any, bonus for services to be performed in the Bonus Year, there shall be deducted an amount equivalent to 100% percent of the gross bonus payment which will be credited to the Deferred Compensation Account as of the date on which such the check is issued to be issuedthe Deferred Compensation Account. Amounts credited to the Deferred Compensation Account pursuant to this paragraph 1(a) (as adjusted for deemed investment returns hereunder) shall be 100% vested at all times.

Annual Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s annual bonus, if any, for services to be performed in the Bonus Year, there shall be deducted an amount equivalent to 10025% percent of the gross bonus payment which will be credited to the Deferred Compensation Account as of the date on which such check is to be issued. Amounts credited to the Deferred Compensation Account pursuant to this paragraph 1(a) (as adjusted for deemed investment returns hereunder) shall be 100% vested at all times.

Annual Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s annual bonus, if any, bonus for services to be performed in the Bonus Year, there shall be deducted an amount equivalent to 100% percent of the gross bonus payment which will be credited to the Deferred Compensation Account as of the date on which such the check is issued to be issuedthe Deferred Compensation Account. Amounts credited to the Deferred Compensation Account pursuant to this paragraph 1(a) (as adjusted for deemed investment returns hereunder) shall be 100% vested at all times.

Annual Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s annual bonus, if any, for services to be performed in the Bonus Year, there shall be deducted an amount equivalent to 100% 100 percent of the gross bonus payment which will be credited to the Deferred Compensation Account as of the date on which such check is to be issued. Amounts credited to the Deferred Compensation Account pursuant to this paragraph 1(a) (as adjusted for deemed investment returns hereunder) shall be 100% vested at all times.