Deferred Compensation Arrangement Sample Clauses
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Deferred Compensation Arrangement. Executive will be entitled to defer the entire salary and bonus, if any, provided in Sections 4.1 and 4.2 of this Agreement, for the years 1997, 1998 and 1999, which amounts shall accrue interest at the rate paid on 2-year Treasury bills at January 1 of each year, until paid, plus 2% compounded annually, all in accordance with a nonqualified deferred compensation agreement to be entered into between the parties.
Deferred Compensation Arrangement. The Company shall establish a --------------------------------- plan or arrangement pursuant to which Executive may elect to defer receipt of any or all of the compensation payable under Section 2.1 or Section 2.2
Deferred Compensation Arrangement. Buyer acknowledges that the Company has established a Deferred Compensation Plan for the benefit of eligible Employees. Buyer shall assume such plan as of the Closing Date without prejudice to its right to amend or terminate it in accordance with its terms. Prior to the Closing, the Company shall have the right to either terminate the Plan or amend the Plan to provide for full vesting upon Plan termination for any employees who remain with the Company at the time of termination.
Deferred Compensation Arrangement. During the term of this Agreement, Employer shall maintain the Employee Benefit Plan adopted in April, 198 (commonly referred to as the "401(k) Plan") and shall take all steps reasonably required in order to maintain the qualification of such plan under Section 401(k) of the Internal Revenue Code. Anything to the contrary notwithstanding, Employer's obligation to maintain said plan shall not impose any obligation on Employer to make any contributions to such plan.
Deferred Compensation Arrangement. Credits) of the Agreement is hereby amended and restated in its entirety to read as follows:
Deferred Compensation Arrangement. On the Effective Date or on January 1, 1999 if the Effective Date shall precede January 1, 1999, the ENB Deferred Compensation Arrangement shall be terminated, and subject to any applicable income tax withholding requirements, all deferred compensation account balances shall be paid out in cash to plan participants.
Deferred Compensation Arrangement. Upon the Effective Date, the Company shall credit $6,476,625 to the Executive’s account under the Coca-Cola Enterprises Supplemental Matched Employee Savings and Investment Plan (“Supplemental MESIP”). This amount shall be subject to the terms and conditions of the Supplemental MESIP, including the Executive’s elections with respect to the time and form of distribution and investment measures, except that such amount may become forfeitable under Section 9 of this Agreement.
Deferred Compensation Arrangement