Deferred Distribution. Notwithstanding any other provision, the Recipient may elect pursuant to the LifePoint Hospitals Deferred Compensation Plan (the “NQDC Plan”) to defer settlement of the portion of Non-Vested RSUs to be settled in Shares until a date or event other than the Delivery Date, but only to the extent allowed by the Company and subject to the terms and conditions of the NQDC Plan, including but not limited to those provisions governing deferral elections and the timing of such deferral elections. The portion of Non-Vested RSUs subject to a valid deferral election by the Recipient under the NQDC Plan shall be distributed according to the terms of the NQDC Plan, but otherwise shall continue to be subject to the terms of this Agreement, the Plan, and the deferral election form. The portion of Non-Vested RSUs to be settled in cash if the Percentage Payable is greater than 100% shall be distributed according to the terms of this Agreement and the Plan and settlement of such portion may not be deferred pursuant to this Subsection and the NQDC Plan.
Deferred Distribution. Subsection (a) notwithstanding, prior to or as of December 31st of the calendar year ending prior to the calendar year during which your services commence for which this Award is granted, you may irrevocably elect to have all or a portion of the Restricted Stock Units subject to this Agreement:
(i) paid in five (5) substantially equal annual installments commencing in the calendar year immediately following the calendar year during which you terminate service as a member of the Board, commencing as soon as practicable after June 30 but no later than December 28, with the remaining installments made in each of the four subsequent calendar years; or
(ii) paid in a lump sum in any one of the first through fifth calendar years following the calendar year during which you terminate service as a member of the Board, commencing as soon as practicable after June 30 but no later than December 28.
Deferred Distribution. Except in the case of amounts subject to Subsection 2.5.7(i) for which a Participant’s consent is not required, unless the Adoption Agreement permits the Employee to elect earlier commencement and the Employee so elects or the Employee elects to further defer distribution, if the employment of a Participant is terminated by reason of resignation or discharge prior to either his Early or Normal Retirement Age, distribution of his Distributable Benefit shall be deferred and commenced no later than the sixtieth (60th) day after the last day of the Plan Year in which the following occurs:
Deferred Distribution. Except in the case of amounts subject to Section 2.5.2(i) for which a Participant's consent is not required, unless the Employer elects in the Adoption Agreement to permit the Employee to elect earlier commencement and the Employee so elects or the Employee elects to further defer distribution, if the employment of a Participant is terminated by reason of resignation or discharge prior to either his Early Retirement Date or his Normal Retirement Date, distribution of his Distributable Benefit shall be deferred and commenced on the sixtieth (60th) day after the close of the later of the following Plan Years:
(i) The Plan Year during which the Participant attains the earlier of age sixty-five (65) or the Normal Retirement Age;
(ii) The Plan Year during which the tenth (10th) anniversary of the commencement of the Participant's participation in the Plan occurs; or
(iii) The Plan Year during which the Participant terminates service with the Employer. If, however, the Employer selects an Early Retirement Date in the Adoption Agreement, a Participant who terminates employment before satisfying the age requirement for early retirement but has satisfied any service requirement shall be entitled to a distribution of his Distributable Benefit in accordance with Subsection (a) above upon attaining such age.
Deferred Distribution. If, as of the Interim Distribution Date with respect to the exercise of the Option in accordance with paragraph (b) above, the Fair Market Value of the Company's Common Stock is equal to or less than the Option Price, distribution with respect to that exercise shall be deferred until the earlier of the next Interim Distribution Date on which the Fair Market Value of the Company's Common Stock exceeds the Option Price or the Final Distribution Date (as defined in paragraph 7(d)). If, by reason of the limitations of this paragraph (c), distribution with respect to any Option exercise is deferred, (i) the number of Stock Units as to which distribution would otherwise have occurred will remain credited to the Participant's Account, and will, while remaining credited to the Participant's Account, be included in the determination of Covered Shares during the Dividend Crediting Period, and (ii) the number of Stock Units to be distributed on a subsequent Interim Distribution Date shall be determined by multiplying the number of Stock Units credited to the Participant's Account as of the Interim Distribution Date by the fraction determined in accordance with paragraph 7(b).
Deferred Distribution. A Participant may make an irrevocable election to receive benefits under the Plan in equal annual installments for a period of not greater than ten (10) years. If such election is made before the later of January 1, 2006 or the 30th day following the Participant’s entry into this Agreement, such benefits shall commence as of the Payment Date.
Deferred Distribution. 35 8.13 Determination of Account Balance........................................................35 8.14 Reemployment of Participants Receiving Payments.........................................36
Deferred Distribution. The Accounts of Participants who have terminated employment and have not yet received the entire value of their vested Plan benefit may be charged with their proportionate shares of the administrative expenses of the relevant Investment Funds and with their shares of any per Participant fees charged by a third party administrator.
Deferred Distribution. Notwithstanding any other provision, the Recipient may elect pursuant to the LifePoint Health Deferred Compensation Plan (the “NQDC Plan”) to defer settlement of all or a portion of the Total Shares Earned that are to be settled in Shares pursuant to Section 4(a)(i) or (iii) until a date or event other than the applicable date of payment under Section 4(b), but only to the extent allowed by the Company and subject to the terms and conditions of the NQDC Plan, including but not limited to those provisions governing deferral elections and the timing of such deferral elections. The portion of the Total Shares Earned subject to a valid deferral election by the Recipient under the NQDC Plan shall be distributed according to the terms of the NQDC Plan, but otherwise shall continue to be subject to the terms of this Agreement, the Plan, and the deferral election form. Notwithstanding the foregoing, the portion of the Total Shares Earned to be settled in cash pursuant to Section 4(a)(ii) or (iii), if any, may not be deferred pursuant to this Subsection and the NQDC Plan and shall instead be distributed according to the terms of this Agreement and the Plan.
Deferred Distribution. As an optional alternative means of deferring distributions to that provided under 7.1(b) above, and subject to the minimum distribution requirements of Subsection 7.6, distributions of all or a portion of an Account may be deferred by a Member terminating service as an Employee, or, if there is no deferral in effect for the Account, by a deceased Member’s Qualified Beneficiary, consistent with such administrative procedures as may be prescribed by the Plan Administrator and in accordance with the following terms and conditions:
(a) An election to defer distribution of an Account, subject to the minimum distribution requirements of Subsection 7.6 of this Section VII, shall be made by notifying the Plan Administrator at any time prior to the Member’s or Former Member’s attainment of age 65, if made by a Member or a Former Member or a Qualified Beneficiary who is an Alternate Payee, or, if made by any other Qualified Beneficiary, within three (3) calendar months after the death of the Member (provided there is no deferral in effect).
(b) If a Member’s termination of service occurs by reason of death and such a Member is survived by a Qualified Beneficiary, such Qualified Beneficiary shall have the right to defer distribution to a date which could have been selected by the Member had termination of service occurred by reason other than the Member’s death.
(c) A Former Member or a Qualified Beneficiary shall be entitled to request in writing, a distribution of all or a part of his deferred Account as of the Valuation Date coincident with or next following the receipt of such request. Payments shall be made as soon as administratively feasible following the applicable Valuation Date. Subject to the minimum distribution rules of section 401(a)(9) of the Code in the case of a non-spouse Qualified Beneficiary, on and after July 16, 1996, a Former Member or a Qualified Beneficiary shall be entitled to request a distribution of all or a part of his deferred Account balance: (1) in single sum form; or (2) in the form of a series of substantially equal monthly, quarterly, semi-annual, or annual payments (x) for a term of years, or (y) for the life or life expectancy of the Former Member or of the Qualified Beneficiary, as the case may be, or, (z) in the case of a Former Member, for the joint lives of the Former Member and the Former Member’s designated beneficiary; and any such distribution shall be made or shall commence, as the case may be, on the day on which it is...
