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Deferral of Fees Sample Clauses

Deferral of FeesA Director may elect to defer all or a specified percentage of his or her Fees, and may change such percentage by filing a Participation Agreement with the Administrator, which shall be effective as of the first day of the Plan Year which commences after the date such Participation Agreement is filed with the Administrator.
Deferral of FeesOn receipt of a written election by a Director, Xxxxxxxx Federal Savings and Loan Association will establish an accounting record of the fees deferred by such Director. The deferred fees will be recorded as a current operating expense for accounting purposes but will not be deducted by Xxxxxxxx Federal Savings and Loan Association on its income tax returns until the year of actual payment. An unfunded liability for deferred but unpaid fees and accumulated interest will be recorded on the books and records of Xxxxxxxx Federal Savings and Loan Association. Nothing contained herein shall be deemed to create a trust of any kind. No participant shall have any right to receive any current or accumulated deferred compensation or interest for any year until such time as described in Section 6. To the extent that any person, including the participant, acquired a right to receive payments from Xxxxxxxx Federal Savings and Loan Association under the Agreement such right shall be no greater than the right of any unsecured general creditor of Xxxxxxxx Federal Savings and Loan Association. Furthermore, such right may not be pledged, transferred or assigned in whole or in part.
Deferral of Fees. Subject to the terms and conditions of the Agreement, the Bank, the Company and the Director agree to defer payment of fees of which the Director would otherwise be entitled to be paid ("Deferred Fees"), for a period of up to five years from the date thereof.
Deferral of Fees. The Director has elected to defer receipt of Director's fees to be earned during the Deferral Period. Once the Director has executed the Election to Participate Form, a subsequent increase in the director's fees payable due to an increase in the fee structure shall also be deferred under the provisions of this Agreement, unless the Director directs the Secretary in writing within 10 days after notification of the increase and prior to the right to receive the additional fees that such additional fees are not to be deferred. If Director fees are increased or decreased during the Deferral Period for any reason other than death of the Director, the compensation payable under Article 3 and Article 5 shall be actuarially determined and evidenced by the Addendum to this Agreement.
Deferral of Fees. Notwithstanding the terms of the Existing MidCap Revolving Line Agreement or the Existing Midcap Term Loan Agreement, the Deferred Termination Fee owing to Bank upon the termination of such agreements shall be immediately due and payable by Borrower to Bank upon the occurrence of an Early Termination Event. Borrower shall pay the Deferred Termination Fee to Bank in connection with the payoff of the Existing Midcap Loans, and Bank shall, within five (5) Business Days thereafter, return the Deferred Termination Fee to Borrower provided that no Early Termination Event has occurred.
Deferral of FeesPursuant to PAMC Section 16.64.030, payment of the development impact fees and/or in-lieu fees described in Exhibit B shall be deferred until the date the development is approved for occupancy. If the development contains more than one dwelling, the fee shall be paid on a pro rata basis for each dwelling when it is approved for occupancy. All fees must be paid before final occupancy approval may be granted. Fees shall be payable at the rates in effect on the date the fees are paid, except: (1) an applicant for a vesting tentative map for a development project shall pay the fees at the rate in effect on the date the application for the vesting tentative map is deemed complete, and (2) an applicant that defers fees for a designated residential redevelopment project, as defined in California Government Code Section 66007, may elect to pay the fees at the rate in effect at the time of building permit issuance.
Deferral of Fees. This Deferral with respect to Fees is effective for the Plan Year beginning June 12, 1997 and ending December 31, 1997. I elect to defer from my: Meeting and Total Retainer Annual Retainer Other Fees and Other Fees Payable in Cash Payable in Cash Payable in Cash --------------- --------------- --------------- $_______________ or $______________ or $______________ ---------------% --------------% --------------% _______________ (total) ______________ (total) ______________ (total) I understand that I can change these amounts by filing a new Participation Agreement, which will take effect as of the first day of the next Plan Year.
Deferral of Fees. (i) Notwithstanding the provisions of Sections 7(b) and 7(h) with respect to the Asset Management Fee, Property Management and Leasing Fee and the General and Administrative Expenses Fee (the "Deferrable Fees"), the Advisor, on behalf of itself and its affiliates, and its and their respective successors and assigns, hereby agrees that it may defer all or a portion of the Deferrable Fees with respect to all or any portion of the Company's assets, as determined by the Investment Committee of the Advisor. The Advisor agrees to promptly deliver to the Company written notice of any deferral of the Deferrable Fees.
Deferral of Fees. City agrees to defer the collection of the Development Impact Fees in connection with development of the Project until such time as a Certificate of Occupancy is requested (collectively “Deferred Fees”).
Deferral of Fees. The Director has elected to defer receipt of Five Thousand Five Hundred and 00/100 Dollars ($5,500.00) annually of Director's fees to be earned during the five year period which commenced with the execution of the Election to Participate Form (a copy of which is attached hereto), said form to be filed with the Secretary of the Board. Any increase in Director's fees payable to the Directors of the Bank due to an increase in the fee structure shall be covered by the above mentioned election unless the Director directs the Secretary in writing within 10 days after notification of the increase and prior to the right to receive the additional fees that such additional fees are not to be deferred. If Director fees are increased or decreased during the deferral period, the compensation payable under paragraph (3) and (4) shall be determined by reference to the Adjustment Schedule held by the Secretary and adopted by the Board of Directors and evidenced by an addendum to this Agreement.