Compensation Deferral. Fifty percent (50%) of the "Salary" and "Bonus" referred to above will be deferred until the Company receives at least $5 million in "Gross Revenue" from all sources.
Compensation Deferral. Notwithstanding anything herein to the contrary, if the total compensation payable to the Executive by the Company during any year would cause the Company to lose the federal income tax deduction for any portion of such compensation under Section 162(m) of the Code: (a) the amount of compensation payable by the Company to the Executive during such year shall be reduced to the maximum amount for which the Company may receive a current deduction under Section 162(m) of the Code, and (b) the excess of such compensation shall be deferred and paid by the Company to the Executive (without interest) at such time (whether during the Term or after the expiration of the Term) as the Company may pay such deferred compensation to the Executive and receive a corresponding federal income tax deduction under Section 162(m) of the Code.
Compensation Deferral. Agreement The written agreement between an Eligible Service Provider and the Service Recipient to defer receipt by the Eligible Service Provider of Compensation. Such agreement shall state the deferral amount or percentage of Compensation to be withheld from the Eligible Service Provider’s Compensation and shall state the date on which the agreement is effective, as provided at Section 2.3.
Compensation Deferral. Agreement In order to defer Compensation under the Plan for a given Taxable Year, an Eligible Service Provider must enter into a Compensation Deferral Agreement with the Service Recipient authorizing the deferral of all or part of the Participant’s Compensation for such Taxable Year. The Compensation Deferral Agreement shall also specify the method of payment for benefits under the Plan and, if applicable, an Interim Distribution Date that shall apply with respect to any amounts credited to the Participant’s Account for such Taxable Year. Notwithstanding anything to the contrary in this Plan, to make a Compensation Deferral for a Taxable Year, a Participant shall first have made the maximum pre-tax deferral permitted under the Employer’s tax qualified plan. All Compensation Deferral Agreements must be completed prior to the first day of the Taxable Year to which they relate. A Service Provider, newly eligible for participation in the Plan, may make a deferral election within the first 30 days of participation in the plan. In no event shall a Participant be permitted to defer Compensation with respect to services performed before the date on which the Compensation Deferral Agreement is signed by the Participant and accepted by the Plan Administrator. In the case of any Performance Based Compensation, if elected by the Service Recipient in the Adoption Agreement, based on services performed over a period of at least twelve (12) months, a Compensation Deferral Agreement for Performance Based Compensation may be made no later than six months before the end of the period Upon receipt of a properly completed and executed Compensation Deferral Agreement, the Plan Administrator shall notify the Service Recipient to commence to withhold that portion of the Participant’s Compensation specified in the Agreement. In no event will the Participant be permitted to defer more or less than the amount(s) specified by the Service Recipient in the Adoption Agreement. The Compensation Deferral Agreement shall remain in effect for the duration of the Taxable Year to which it relates unless terminated. Subject to compliance with Section 409A of the Code, the Service Recipient shall have the right to terminate a Participant’s Compensation Deferral Agreement at any time upon written notice to the Participant. Such termination shall be effective of the first day of the next payroll period. In no event shall the Service Recipient have the right to terminate a Compensation Deferral A...
Compensation Deferral. The Company and Employee may from time to time agree to defer all or any part of Employee's Salary or bonuses. Any such arrangements shall be the subject of a written agreement, in form and content approved by the Board or its Compensation Committee, between Employee and the Company.
Compensation Deferral. Investment Program of the Company, as amended, including Amendment Number Four dated November 28, 1995 -- incorporated herein by reference to Exhibit 10.13 of the Company's Form 10-K Annual Report for the year ended December 31, 1995.*
Compensation Deferral. Agreement The written agreement between an Eligible Individual and the Plan Sponsor to defer receipt by the Eligible Individual of Compensation. Such agreement shall state the deferral amount or percentage of Compensation to be withheld from the Eligible Individual’s Compensation and shall state the date on which the agreement is effective, as provided at Section 2.3.
Compensation Deferral. Agreement In order to defer Compensation under the Plan for a given Taxable Year, an Eligible Individual must enter into a Compensation Deferral Agreement with the Plan Sponsor authorizing the deferral of all or part of the Participant’s Compensation for such Taxable Year. The Compensation Deferral Agreement shall also specify the method of payment for benefits under the Plan and any Interim Distribution Date that shall apply with respect to amounts credited to the Participant’s Account for such Taxable Year. Upon receipt of a properly completed and executed Compensation Deferral Agreement, the Plan Administrator shall notify the Plan Sponsor to withhold that portion of the Participant’s Compensation specified in the Agreement. The Compensation Deferral Agreement shall remain in effect for the duration of the Taxable Year to which it relates. Except as provided below, a Compensation Deferral Agreement must be completed and returned to the Plan Sponsor prior to the first day of the Taxable Year in which services are performed for the Compensation deferred and shall be irrevocable except as otherwise provided hereunder.
Compensation Deferral. Payments made pursuant to the RSU Award are intended to qualify for the “short-term deferral” exemption from Section 409A of the Code. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Restricted Stock Unit Agreement to ensure that all RSUs are granted in a manner that qualifies for an exemption from or complies with Section 409A of the Code, provided, however, that the Company makes no representation that this Award is not subject to Section 409A of the Code nor makes any undertaking to preclude Section 409A of the Code from applying to this Award.
Compensation Deferral. You will be able to defer your compensation in accordance with the terms of our Executive Deferred Compensation Plan.
