Common use of Deferral Arrangement Clause in Contracts

Deferral Arrangement. The Committee may permit or require the deferral of any payment pursuant to any Award into a deferred compensation arrangement, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest or Dividend Equivalent Rights and, in connection therewith, provisions for converting such credits into Share Units; provided, that no Dividend Equivalent Rights may be granted in connection with, or related to, an Award of Options or SARs. Any such deferrals shall be made in a manner that complies with Code Section 409A.

Deferral Arrangement. The Committee may permit or require the deferral a Grantee to defer receipt of any payment pursuant to any Award into a deferred compensation arrangement, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest or Dividend Equivalent Rights and, in connection therewith, provisions for converting such credits into Share Units; provided, that no Dividend Equivalent Rights may be granted in connection with, or related to, an Award of Options or SARs. Any such deferrals shall be made in a manner that complies with Code Section 409A.

Deferral Arrangement. The Committee may permit or require the deferral of any Award payment pursuant to any Award into a deferred compensation arrangement, subject to such rules and procedures as it may establishestablish and in accordance with Section 409A, which may include provisions for the payment or crediting of interest or Dividend Equivalent Rights anddividend equivalents, in connection therewith, provisions for including converting such credits into Share Units; provided, that no Dividend Equivalent Rights may be granted in connection with, or related to, an Award of Options or SARs. Any such deferred Stock equivalents and restricting deferrals shall be made in a manner that complies to comply with Code Section 409A.hardship distribution rules affecting 401(k) plans.