DEFERRAL AMOUNTS; ACCOUNTS. A Deferral Election shall be made with respect to each payment of Compensation payable by the Company to a Participant during the Deferral Period, and shall designate the portion of each deferral that shall be allocated among either the Deferral or In-Service Accounts. In addition, no amounts shall be deferred into an In-Service Account once payments have commenced under the terms of this Plan and until such time as the entire Account Balance has been completely distributed. The Participant shall set forth the amount of his salary to be deferred as a whole percentage amount of Compensation, and with respect to the deferral of bonus Compensation, a stated dollar amount or a whole percentage amount above a stated dollar amount.
Appears in 4 contracts
Samples: Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.)
