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 the percent indicated 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. The bonus deferral selected in this paragraph 1(a) shall be irrevocable except in the event that, prior to the date that the bonus is to be paid, the Executive receives a withdrawal due to the Executive’s unforeseeable emergency (as defined in paragraph 3(f)) from a nonqualified deferred compensation arrangement maintained by the Company or any affiliate thereof. In such event, the bonus deferral shall be cancelled in its entirety.

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 the percent indicated 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. The bonus deferral selected in this paragraph 1(a) shall be irrevocable except in the event that, prior to the date that the bonus is to be paid, the Executive receives a withdrawal due to the Executive’s unforeseeable emergency (as defined in paragraph 3(f)) from a nonqualified deferred compensation arrangement plan maintained by the Company or any affiliate thereof. In such event, the bonus deferral shall be cancelled in its entirety.

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 the percent indicated 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. The bonus deferral selected in this paragraph 1(a) shall be irrevocable except in the event that, prior to the date that of the bonus is to be paiddeferral, the Executive receives a withdrawal due to the Executive’s unforeseeable emergency (as defined in paragraph 3(f3(g)) from a nonqualified deferred compensation arrangement plan maintained by the Company or any affiliate thereof. In such event, the bonus deferral shall be cancelled in its entirety.

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 the percent indicated 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. The bonus deferral selected in this paragraph 1(a) shall be irrevocable except in the event that, prior to the date that the bonus is to be paid, the Executive receives a withdrawal due to the Executive’s unforeseeable emergency (as defined in paragraph 3(f3(g)) from a nonqualified deferred compensation arrangement maintained by the Company or any affiliate thereof. In such event, the bonus deferral shall be cancelled in its entirety.