Deferred Compensation Agreement. AGREEMENT, made on this __ day of _______, 19__, by and between the registered open-end investment companies listed on Appendix A hereto (the "Funds"), and ________________________________________________________________ (the "Director") residing at ___________________________________________________.
Deferred Compensation Agreement. The Company agrees to establish and maintain a book reserve (the “Deferred Compensation Account”) for the purpose of measuring the amount of deferred compensation payable to the Executive under this Agreement. Credits shall be made to the Deferred Compensation Account as follows:
Deferred Compensation Agreement. The Company agrees to pay $41,750 per year, payable in substantially equal monthly installments on the first day of each month (the "Deferred Compensation Payments") to the Director (or if the Director dies, to his beneficiary as provided in Section 4(a) of the Agreement) during the Term (as hereinafter defined).
Deferred Compensation Agreement. Beneficiary Designation
Deferred Compensation Agreement. The Company agrees to establish and maintain a book reserve (the "Deferred Compensation Account") for the purpose of measuring the amount of deferred compensation payable under this Agreement. Credits shall be made to the Deferred Compensation Account as follows:
(a) On each issuance of the Executive's semi-monthly payroll check, (scheduled for the 15th and the last day of each month), during the Executive's continued active employment with the Company, there shall be deducted an amount equivalent to six percent of the Executive's gross compensation for the pay period which will be credited to the Deferred Compensation Account. The first deduction will occur on the Executive's semi-monthly payroll check dated September 30, 1996. The deferral percentage selected by the Executive will also be applied to all normal bonus payments.
(b) Commencing on October 30, 1996, and on the last day of each month thereafter during the Executive's continued employment with the Company, there shall be credited to the Deferred Compensation Account (before any amount is credited for the month then ending pursuant to paragraph 1(a)), interest compounded monthly computed at a rate equal to one-twelfth (1/12) of the sum of (a) the average thirty (30) year Treasury Bond rate of interest (as published in the Wall Street Journal for the last day of the preceding month) plus (b) 1.25 percentage points. Quarterly reports which specify the amount credited to the Executive's Deferred Compensation Account during the previous period(amount deferred plus interest) and the then current balance, shall be provided to the Executive.
(c) The Deferred Compensation percentage elected in section 1(a) shall be deducted and credited to the Deferred Compensation Account for all compensation paid to the Executive, including bonus and retroactive pay increases.
(d) The Executive may terminate participation in the Agreement with respect to the deferral of future compensation at any time. In the event the Executive elects to make such a discontinuance, he or she shall remain eligible to receive the benefits under Section 2 with respect to amounts already deferred. Previously deferred amounts are not payable until retirement, resignation, disability, death or the date specified by the Executive in paragraph 2 (g) (ii). After a discontinuance, Executive may not again elect to participate with respect to future deferrals until a subsequent calendar year.
(e) The Deferred Compensation percentage selected in ...
Deferred Compensation Agreement. DEFERRED COMPENSATION AGREEMENT made effective the 31ST day of DECEMBER , 1996, by and between STEINER LEISURE LIMITED., a Bahamixx xxxxoration (hereinafter referred to as "Company"), and LEONARD FLUXMAN, a resident of Dadx Xxxxxx, Xxxxxda (hereinafter referred to as "Employee").
Deferred Compensation Agreement. DEFERRAL ELECTION FORM TO: The Secretary of The Evergreen Funds FROM: DATE: With respect to the Deferred Compensation Agreement (the "Agreement") dated as of November ___, 1995 by and between the undersigned and The Evergreen Funds, I hereby make the following elections: Deferral of Compensation Starting with Compensation to be paid to me with respect to services provided by me to The Evergreen Funds after the date this election form is provided to The Evergreen Funds, and for all periods thereafter (unless subsequently amended by way of a new election form), I hereby elect that ___ percent (___%) of my Compensation (as defined under the Agreement) be deferred and that the Funds establish a bookkeeping account credited with amounts equal to the amount so deferred (the "Deferral Account"). The Deferral Account shall be further credited with income equivalents as provided under the Agreement. Each Compensation Deferral (as defined in the Agreement) shall be deemed invested pursuant to Section 3.3 of the Agreement as of the same day it would have been paid to me.
Deferred Compensation Agreement. The Company agrees to pay an annual amount that is payable in equal monthly installments in the amounts specified in subsections (a) and (b) below on the first day of each month (the "Deferred Compensation Payments") to the Director (or if the Director dies, to his beneficiary as provided in Section 4(a) of the Agreement) during the Term (as hereinafter defined).
(a) ANNUAL AMOUNT PRIOR TO JANUARY 1, 1999. The Company agrees to pay an annual amount of $167,000 payable in equal monthly installments on the first day of each month during the Term until December 31, 1998.
(b) ANNUAL AMOUNT AFTER DECEMBER 31, 1998. The Company agrees to pay an annual amount of $83,500 payable in equal monthly installments on the first day of each month commencing after December 31, 1998 until the end of the Term. If the financial performance of the Company improves, as determined by the Compensation Committee in its sole and absolute discretion, the Compensation Committee, in its sole and absolute discretion, may determine to restore the annual amount payable to the Director under subsection (b) above to the original annual amount of $167,000.
Deferred Compensation Agreement. Upon execution of this Agreement by the parties and on March 31 of each year thereafter during the term of this Agreement, the Company shall contribute an amount equal to the Base Salary then in effect to an account for the benefit of Executive under the Deferred Compensation Plan in the form of the attached Exhibit C.
Deferred Compensation Agreement. In the event of (i) disability of a disabled partner for a period of over twelve (12) months, (ii) retirement by a partner or attorney designated to provide services to the partnership by a corporate partner after reaching the age of sixty (60) years (hereinafter "retired partner"); (iii) voluntary termination by a partner or attorney designated to provide legal services to the partnership by a corporate partner on not less than thirty (30) days written notice (hereinafter "withdrawing partner"); or (iv) death of an individual partner or attorney designated to provide services to the partnership (hereinafter "deceased partner"), the partnership agrees to pay to such disabled, retired, withdrawing or deceased partner, or to that partner's guardians or family, the following amount as compensation for services rendered to the partnership prior to the date of commencement of disability, retirement, withdrawal or termination; an amount hereinafter referred to as "Deferred Compensation Amount" as the same is defined in paragraph C hereof. The Deferred Compensation Amount shall be paid by the partnership in monthly installments commencing not later than sixty (60) days after the date of disability for over a period of twelve (12) months, retirement, withdrawal or death. Notwithstanding the amount of Deferred Compensation Amount due any partner, the partnership shall not be required to pay monthly installments of the Deferred Compensation Amount in excess of the lesser of (i) an amount equal to such partner's previous fiscal year's distribution of profits divided by twelve (12); or (ii) the Deferred Compensation Amount payable on receipts received during the month preceding the date the installment payment is due. Amounts not payable by reason of the limitation in (i) shall be carried forward and be paid in future months in which the limitation in (i) does not apply but so as not to exceed the limitation in (i) in such future months.
