Compensation Deferral Elections. (a) On or prior to the first day of any Deferral Year, the Director may elect, on the form described in Section 2.1 hereof, to defer the receipt of all or a portion of his Compensation for such Deferral Year. Such writing shall set forth the amount of such Compensation Deferral (in whole percentage amounts). Such election shall continue in effect for all subsequent Deferral Years unless it is canceled or modified as provided below.
Compensation Deferral Elections. (a) Except as provided below, a deferral election on the form described in Section 2.1 hereof, must be filed with the Secretary of a Fund prior to the first day of the Deferral Year to which it applies. The form shall set forth the amount of such Compensation Deferral (in whole percentage amounts). Such election shall continue in effect for all subsequent Deferral Years unless it is canceled or modified as provided below. Notwithstanding the foregoing, (i) any person who is elected to the Board during a fiscal year of a Fund may elect before becoming a Trustee or within 30 days after becoming a Trustee to defer any unpaid portion of the retainer of such fiscal year and the fees for any future meetings during such fiscal year by filing an election form with the Secretary of the Fund, and (ii) Trustees may elect to defer any unpaid portion of the retainer for the fiscal year in which Deferred Compensation Agreements are first authorized by the Board and any unpaid fees for any future meetings during such fiscal year by submitting an election form to the Secretary of a Fund within 30 days of such authorization.
Compensation Deferral Elections. (a) Before the first day of any Deferral Year, the Trustee may elect, on the Deferral Election Form attached as Exhibit A, to defer the receipt of all or a portion of the Trustee’s Compensation for services performed during such Deferral Year; provided, however, that a Trustee newly appointed as Trustee to the Funds may make a deferral election with respect to Compensation payable for services to be performed after the election if such new Trustee submits a Deferral Election Form to the Plan Administrator within 30 days of commencing service as a Trustee.
Compensation Deferral Elections. (a) The Trustee may elect, on the form described in Section 2.1 hereof, to defer the receipt of all or a portion of the Compensation for such Deferral Year. Such writing shall set forth the amount of such Compensation Deferral (in whole percentage amounts). Such election shall continue in effect for all subsequent Deferral Years unless it is canceled or modified as provided below.
Compensation Deferral Elections. (a) Except as provided below, in order to defer amounts under this Plan the Trustee must file an executed election form with the Secretary of the Funds in the manner described in Section 2.1 above. The election form must set forth the amount of the Compensation Deferral in whole percentage amounts, and must specify the time period over which the Trustee’s Deferral Account will be distributed, in accordance with Section 4.1. Compensation Deferrals shall be withheld from each payment of Compensation by the Funds to the Trustee based upon the percentage amount elected by the Trustee in his election form. A sample election form is attached as Form A hereto, but may be revised by the Board of Trustees from time to time.
Compensation Deferral Elections. (a) Prior to the first day of any Deferral Year, the Director may elect, on the form described in Section 2.1 hereof, to defer the receipt of all or a portion of his Compensation for such Deferral Year. Such writing shall set forth the amount of such Compensation Deferral (in whole percentage or dollar amounts) and may set forth a specific type of his Compensation (i.e., based on the activity for which a specific portion of Compensation is paid) from which such Compensation Deferrals are to be made. Such election shall continue in effect for all subsequent Deferral Years unless it is canceled or modified as provided below.
Compensation Deferral Elections. (a) With respect to the first Deferral Year with respect to a Fund, and, for each subsequent Deferral Year with respect to such Fund, prior to the first day of such Deferral Year, the Eligible Director/Trustee may elect, on an Election Form, to defer the receipt of all or a portion of the Compensation that he is entitled to receive from such Fund during such Deferral Year. Such Election Form shall allocate the amount of such Compensation Deferral in ten percent (10%) increments for series of a Fund selected under Section 3.3 of this Agreement. Such election shall continue in effect for all subsequent Deferral Years unless it is cancelled or modified as provided below. The deferral of Compensation from a Fund by an Eligible Director/Trustee pursuant to a Prior Agreement shall continue under this Agreement and shall be deemed an election to defer Compensation pursuant to this Section 3.1(a) unless the Eligible Director/Trustee submits a revised Election Form to such Fund pursuant to the terms of this Section 3.1. In the case of an election under a Prior Agreement applicable to one or more Funds, after which the Eligible Director/Trustee is to earn Compensation with respect to other Funds, then, unless the Eligible Director/Trustee provides express notice to the contrary, it shall be assumed that such election applies, and such election shall be applied, with respect to all Funds.
Compensation Deferral Elections. (a) Prior to the effective date of this Agreement, and for subsequent Deferral Years prior to the first day of any Deferral Year, the Eligible Director may elect, on the form described in Section 2.1 hereof, to defer the receipt of all or a portion of his Compensation which he is entitled to receive from each of MSIF and MSUF during such Deferral Year. Such writing shall set forth the amount of such Compensation Deferral in whole percentage amounts and the investment return designation provided for under Section 3.3 hereof. Such election shall continue in effect for all subsequent Deferral Years unless it is canceled or modified as provided below.
Compensation Deferral Elections. Simultaneously with the execution of this Agreement, Employee must direct Xxxx on a form prescribed by Xxxx (hereafter the "Compensation Deferral Election" and attached as Exhibit A) to defer a portion not to exceed $12,000.00 of Employee's compensation for the calendar year, on a before tax basis, from Employee's annual bonus or from Employee's compensation, in any whole percentage Employee chooses, from a minimum of 1% to a maximum of 15% (not to exceed $12,000.00 in the aggregate); or from Employee's compensation in any monthly whole dollar amount Employee chooses, from a minimum of $250.00 to a maximum of $1,000.00. When electing to make deferrals of compensation under this Agreement, Employee must make an irrevocable election for an entire calendar year. Once a calendar year has begun, a deferral election may not be changed or revoked during the calendar year (except with respect to deferrals in future calendar years). Notwithstanding the foregoing, however, in the event of Employee's financial hardship, the Employee may apply to Xxxx for permission to reduce or suspend deferral contributions for the remainder of the calendar year or any part thereof. Xxxx has the sole discretion as to the extent (if at all)
Compensation Deferral Elections. Simultaneously with the execution of this Agreement, Employee must direct Xxxx on a form prescribed by Xxxx (hereafter the "Compensation Deferral Election" and attached as Exhibit A) to defer a portion not to exceed $12,000.00 of Employee's compensation for the calendar year, on a before tax basis, from Employee's annual bonus or from Employee's compensation, in any whole percentage Employee chooses, from a minimum of 1% to a maximum of 15% (not to exceed $12,000.00 in the aggregate); or from Employee's compensation in any monthly whole dollar amount Employee chooses, from a minimum of $250.00 to a maximum of $1,000.00.
