Common use of Deferral of Restricted Stock Units Clause in Contracts

Deferral of Restricted Stock Units. Prior to the beginning of the calendar year in which the Restricted Stock Units are granted (or, with respect to the first year in which the Participant becomes eligible to participate in the Neenah Participants’ Deferred Compensation Plan, within 30 days after becoming eligible and prior to the date of grant), the Participant may make an irrevocable election to defer all or a portion of the Restricted Stock Units under the Neenah Deferred Compensation Plan. Each Participant who elects to defer an amount of his Restricted Stock Units shall be deemed to have elected to defer all corresponding dividend equivalents applicable to such Restricted Stock Units. If the Participant makes a timely election to defer the Restricted Stock Units under the Neenah Deferred Compensation Plan, payment of the Restricted Stock Units and the dividend equivalents applicable to such Restricted Stock Units will be governed by the terms of the Neenah Deferred Compensation Plan.

Deferral of Restricted Stock Units. Prior to the beginning of the calendar year in which the Restricted Stock Units are granted (or, with respect to the first year in which the Participant Code: XXXX 1 becomes eligible to participate in the Neenah Participants’ Deferred Compensation Plan, within 30 days after becoming eligible and prior to the date of grant), the Participant may make an irrevocable election to defer all or a portion of the Restricted Stock Units under the Neenah Deferred Compensation Plan. Each Participant who elects to defer an amount of his Restricted Stock Units shall be deemed to have elected to defer all corresponding dividend equivalents applicable to such Restricted Stock Units. If the Participant makes a timely election to defer the Restricted Stock Units under the Neenah Deferred Compensation Plan, payment of the Restricted Stock Units and the dividend equivalents applicable to such Restricted Stock Units will be governed by the terms of the Neenah Deferred Compensation Plan.