Deferred Compensation Payments. Deferred compensation covered by the Company’s deferred compensation plan (Restated SERP) will be treated and distributed in accordance with terms and conditions of the Restated SERP.
Deferred Compensation Payments. Following Employee’s “Retirement” (as defined below) from his employment with Employer, Employer shall pay to Employee the sum of TWO THOUSAND ONE HUNDRED EIGHTY-NINE and 06/100 Dollars ($2,189.06) per month, beginning not later than two months after Employee’s Retirement, for a period of ten years following Employee’s Retirement or until his death, whichever first occurs. Payments hereunder (“Deferred Compensation Payments”) shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments. To the extent that Employer reasonably believes itself obligated to do so, it may withhold any such taxes from payments made to Employee hereunder. If the amount of any such taxes that Employer believes itself required to withhold and transmit to any governmental or taxing authority exceeds the amount of any payments then due and payable under this Agreement and from which such withholding may be made, then Employer may require that Employee pay to it the full amount of any such taxes then due and, if Employee shall fail to make such payment, Employer may itself advance and pay the amount of those taxes and recover any such payments by offset against future payments due under this Agreement. If Employee should die during the ten-year period during which Deferred Compensation Payments are being made under this Paragraph 1, then those payments shall terminate and future payments, if any, shall be made to Employee’s designated beneficiary(ies) or Employee’s estate in accordance with the provisions of Paragraph 3 of this Agreement.
Deferred Compensation Payments. During the Executive’s period of employment with the Company following the execution of the Agreement, the Company shall make an annual payment to a separate account maintained for the Executive. The annual payment to the Executive shall be Fifty Thousand Dollars ($50,000) (the “Payment”). If a dividend is paid on shares of common stock of the Holding Company previously credited to the Executive’s separate account, the Executive’s separate account will be credited with such dividend (the “Dividend”), which dividend will be reinvested in the common stock of the Holding Company. The funds in the separate account shall earn interest, calculated on an actual/actual basis, equal to the dividend yield of the common stock of the Holding Company, as calculated on a calendar quarter by the annualized dividend paid during the quarter divided by the closing price of the stock as of the close of business of the last business day of the preceding quarter. The Executive’s separate account will be credited with such interest (which together with the Payment and the Dividend shall hereinafter be referred to as the “Benefit”).” The amendment shall be effective the 1st day of January, 2013. To the extent that any term, provision, or paragraph of the Agreement is not specifically amended herein, or in any other amendment thereto, said term, provision, or paragraph shall remain in full force and effect as set forth in said Agreement.
Deferred Compensation Payments. Notwithstanding the foregoing, the Company shall not make any distributions pursuant to Section 4.4(a)(i) unless it contemporaneously causes Holdings to make any corresponding distributions that are required pursuant to the Deferred Compensation Plan of Holdings, in which certain Members are participants.
Deferred Compensation Payments. Pay or cause to be paid when due all amounts necessary to fund in accordance with their terms all such deferred compensation plans, whether now in existence or hereafter created, and the Borrower will not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to, any deferred compensation plan maintained for the benefit of its employees under circumstances that could result in liability to the Pension Guaranty Corporation, or any of its successors or assigns, or to the entity which provides funds for such deferred compensation plan.
Deferred Compensation Payments. During the Executive’s period of employment with the Company following execution of this Agreement, the Company shall make an annual payment to a separate account maintained for the Executive. The annual payment to Executive shall be Ten Thousand Dollars ($10,000) (the “Payment”). The Payment shall be invested in the common stock of the Holding Company. If a dividend is paid on the shares credited to the Executive’s separate account, the Executive’s separate account shall be credited with such dividend (the “Dividend”, which together with the Payment, shall hereinafter be referred to as the “Benefit”), which dividend shall be reinvested in the common stock of the Holding Company, except that no fractional shares shall be credited to the Executive’s separate account. The price per share for all shares of the Holding Company purchased by the Company for the benefit of Executive shall be the average of the daily closing price of the stock for each day within the past quarter. The closing price on Fridays will be used to determine the closing price for Saturdays and Sundays and the closing price on the last business day before a holiday that results in the closure of the financial markets will be used to determine the closing price for that holiday.
Deferred Compensation Payments. During the Executive's period of employment with the Company following execution of this Agreement, the Company shall make an annual payment to a separate account maintained for the Executive. The annual payment to Executive shall be Fifty Thousand Dollars ($50,000) (the “Payment”). The Payment may be invested in the common stock of the Holding Company or in stock units whereby each unit represents the right to receive one share of common stock of the Holding Company (a “Stock Unit”). If the Payment is so invested and the Holding Company declares a dividend on its shares, then on the payment date of the dividend the Executive's separate account shall be credited with an amount equal to the dividends that would have been paid to the Executive if the common stock credited to the account or underlying the Stock Units had been granted to the Executive (the “Dividend,” which together with the Payment, shall hereinafter be referred to as the “Benefit”). The Dividend may be reinvested in the common stock or Stock Units of the Holding Company. The price per share for all shares of the Holding Company purchased or underlying any Stock Units shall be the average of the daily closing price of the stock for each day within the past quarter. The closing price on Fridays will be used to determine the closing price for Saturdays and Sundays and the closing price on the last business day before a holiday that results in the closure of the financial markets will be used to determine the closing price for that holiday. Any investment or reinvestment of all or any portion of the Benefit in shares of common stock or Stock Units shall reduce the number of shares of common stock reserved for future awards of Stock Units under the 2019 Plan.
Deferred Compensation Payments. The Executive’s vested rights under the Employer’s nonqualified deferred compensation plan will be paid out pursuant to such plan terms and any valid elections made by the Executive under such plan. The Executive acknowledges that he is a “specified employee” (as such term is defined under Section 409A of the Code (“Section 409A”)) and that, as a result, payment to the Executive pursuant to such plan will be subject to a six (6) month delay in accordance with the terms of such plan.
Deferred Compensation Payments. (a) AMOUNT OF PXXXXXX. An amount, expressed as an annual single-life annuity payable at Associate's retirement from Reynolds on or after his Normal or Early Retirement Date (both as dxxxxxx xn the Reynolds and Reynolds Company Retirement Plan (the "QUALIFIED PENSIXX XXXX")) eqxxx xx xix and one half percent (6.5%) of his Final Average Pay, as defined in the Qualified Pension Plan (referred to below as the "NON-QUALIFIED PLAN BENEFIT").
Deferred Compensation Payments. Company agrees that XX XxXxx'x compensation includes a share in the financial benefit accruing to Company and Company Affiliates due to the exploitation of the data generated by the Program. To realize this compensation, Company agrees to pay XX XxXxx a percentage of value received from licensing Company Program Intellectual Property and/or Company Project Intellectual Property ("Deferred Compensation"), as set forth in Exhibit L of this Agreement. Company further agrees that this Deferred Compensation fairly represents the value contributed by the licensed Company Project Intellectual Property.
