Common use of Deferral Period Clause in Contracts

Deferral Period. (a) The Common Stock shall not be distributed or distributable to the Participant in satisfaction of the Deferred Stock Award prior to the end of a deferral period which shall begin on the Effective Date and end on: (i) January 1st of the calendar year following the calendar year in which the Participant experiences a Termination of Service; or (ii) if later and the Participant is a "specified employee" (within the meaning of section 409A of the Code and the regulations thereunder), the date which is six (6) months after the Participant's Termination of Service (the "Deferral Period"). For purposes of this Agreement the term "Termination of Service" shall have the meaning assigned to it under section 409A of the Code and the regulations promulgated thereunder. (b) On or within ten (10) days following the last day of the Deferral Period, the Vested Portion of the Deferred Stock Award (as determined in accordance with section 6 of this Agreement) shall be distributed to the Participant (or in the event of the Participant's death, to his beneficiary determined in accordance with the terms of this Agreement). To the extent the Deferred Stock Award is deemed to consist of shares of Common Stock, distribution shall be made in kind. To the extent the Deferred Stock Award is deemed to consist of property other than cash or Common Stock, distribution shall be made in cash unless the LTIP Committee directs otherwise. If the Deferred Stock Award consists of cash or other property in addition to Deferred Stock, the distribution shall be applied proportionately to each asset included in the Deferred Stock Award, unless the LTIP Committee determines otherwise.

Deferral Period. (a) The Common Deferred Stock Award shall not be distributed or distributable to the Participant in satisfaction of the Deferred Stock Award prior to the end of a deferral period which shall begin on the Effective Date and end on: (i) January 1st of the calendar year following the calendar year in which the Participant experiences a Termination of Service; or (ii) if later and the Participant is a "specified employee" (within the meaning of section 409A of the Code and the regulations thereunder), the date which is six (6) months after the Participant's Termination of Service (the "Deferral Period"). For purposes of this Agreement the term "Termination of Service" shall have the meaning assigned to it under section 409A of the Code and the regulations promulgated thereunder. (b) On or within ten (10) days as soon as practicable following the last day of the Deferral Period, the Vested Portion of the Deferred Stock Award (as determined in accordance with section 6 of this Agreement) shall be distributed to the Participant (or in the event of the Participant's death, to his beneficiary determined in accordance with the terms of this Agreement). To the extent the Deferred Stock Award is deemed to consist consists of shares of Common Stock, Stock distribution shall be made in kind. To the extent the Deferred Stock Award is deemed to consist consists of property other than cash or Common Stock, distribution shall be made in cash unless the LTIP Committee directs otherwise. If the Deferred Stock Award consists of cash or other property in addition to Deferred Stock, the distribution shall be applied proportionately to each asset included in the Deferred Stock Award, unless the LTIP Committee determines otherwise.

Deferral Period. (a) The Common Stock shall not be distributed or distributable to the Participant Grantee in satisfaction of the Deferred Stock Award prior to the end of a deferral period which shall begin on the Effective Date and end on: (i) January 1st of the calendar year following the calendar year in which the Participant Grantee experiences a Termination of Separation from Service; or (ii) if later and the Participant Grantee is a "specified employee" (within the meaning of section 409A of the Code and the regulations thereunder), the date which is six (6) months and one (1) day after the ParticipantGrantee's Termination of Separation from Service (the "Deferral Period"). For purposes of this Agreement Agreement, the term "Termination of Separation from Service" shall have the meaning assigned to it under section 409A of the Code and the regulations promulgated thereunder. (b) On or within ten (10) days following the last day of the Deferral Period, the Vested Portion of the Deferred Stock Award (as determined in accordance with section 6 of this Agreement) shall be distributed to the Participant Grantee (or in the event of the ParticipantGrantee's death, to his beneficiary determined in accordance with the terms of this Agreement). To the extent the Deferred Stock Award is deemed to consist of shares of Common Stock, such distribution shall be made in kind. To the extent the Deferred Stock Award is deemed to consist of property other than cash or Common Stock, such distribution shall be made in cash unless the 2011 LTIP Committee directs otherwise. If the Deferred Stock Award consists of cash or other property in addition to Deferred Stock, the such distribution shall be applied proportionately to each asset included in the Deferred Stock Award, unless the 2011 LTIP Committee determines otherwise.

Deferral Period. (a) The [Deferred Stock Award][Mr. Robo] [Common Stock Stock][Xx. Xxxxxxxx] shall not be distributed or distributable to the Participant [in satisfaction of the Deferred Stock Award Award][Xx. Xxxxxxxx] prior to the end of a deferral period which shall begin on the Effective Date and end on: : (i) January 1st of the calendar year following the calendar year in which the Participant experiences a Termination of Service; or or (ii) if later and the Participant is a "specified employee" (within the meaning of section 409A of the Code and the regulations thereunder), the date which is six (6) months after the Participant's Termination of Service (the "Deferral Period"). For purposes of this Agreement the term "Termination of Service" shall have the meaning assigned to it under section 409A of the Code and the regulations promulgated thereunder. . (b) On or within ten (10) days following the last day of the Deferral Period, the Vested Portion of the Deferred Stock Award (as determined in accordance with section 6 of this Agreement) shall be distributed to the Participant (or in the event of the Participant's death, to his beneficiary determined in accordance with the terms of this Agreement). To the extent the Deferred Stock Award [consists][Mr. Robo] [is deemed to consist consist][Xx. Xxxxxxxx] of shares of Common Stock, distribution shall be made in kind. To the extent the Deferred Stock Award [consists][Mr. Robo] [is deemed to consist consist][Xx. Xxxxxxxx] of property other than cash or Common Stock, distribution shall be made in cash unless the LTIP Committee directs otherwise. If the Deferred Stock Award consists of cash or other property in addition to Deferred Stock, the distribution shall be applied proportionately to each asset included in the Deferred Stock Award, unless the LTIP Committee determines otherwise. 6.

Deferral Period. (a) The [Deferred Stock Award][Mr. Robo] [Common Stock Stock][Xx. Xxxxxxxx] shall not be distributed or distributable to the Participant [in satisfaction of the Deferred Stock Award Award][Xx. Xxxxxxxx] prior to the end of a deferral period which shall begin on the Effective Date and end on: (i) January 1st of the calendar year following the calendar year in which the Participant experiences a Termination of Service; or (ii) if later and the Participant is a "specified employee" (within the meaning of section 409A of the Code and the regulations thereunder), the date which is six (6) months after the Participant's Termination of Service (the "Deferral Period"). For purposes of this Agreement the term "Termination of Service" shall have the meaning assigned to it under section 409A of the Code and the regulations promulgated thereunder. (b) On or within ten (10) days following the last day of the Deferral Period, the Vested Portion of the Deferred Stock Award (as determined in accordance with section 6 of this Agreement) shall be distributed to the Participant (or in the event of the Participant's death, to his beneficiary determined in accordance with the terms of this Agreement). To the extent the Deferred Stock Award [consists][Mr. Robo] [is deemed to consist consist][Xx. Xxxxxxxx] of shares of Common Stock, distribution shall be made in kind. To the extent the Deferred Stock Award [consists][Mr. Robo] [is deemed to consist consist][Xx. Xxxxxxxx] of property other than cash or Common Stock, distribution shall be made in cash unless the LTIP Committee directs otherwise. If the Deferred Stock Award consists of cash or other property in addition to Deferred Stock, the distribution shall be applied proportionately to each asset included in the Deferred Stock Award, unless the LTIP Committee determines otherwise.