Executive Deferred Compensation. The Executive will be eligible to participate in all aspects of the Company's deferred compensation plan or program on terms at least as favorable as other top executives of the Company.
Executive Deferred Compensation. During the Employment Period, Executive will be eligible to participate in all aspects of the Company’s deferred compensation program, including the deferral of salary, bonuses and other incentives, as in effect at any time during the Employment Period, as provided generally to other US Senior Management, and subject to the terms and conditions thereof.
Executive Deferred Compensation. Employee acknowledges that that under Section 409A of the Internal Revenue Code, as long as he does not experience a Separation from Service under Section 409A through the Retirement Date, then no distributions will be triggered before the Retirement Date. Employee understands that a participant in the Executive Deferral Plan (“EDP”) shall be considered to have experienced a termination of employment (and thus a Separation of Service) when the facts and circumstances indicate that the participant and his employer reasonably anticipate that either (a.) no further services will be performed for the employer after a certain date, or (b.) that the level of bona fide services the participant will perform for the employer after such date will permanently decrease to no more than 20% of the average level of bona fide services performed by such participant over the immediately preceding 36-month period. Employee and Jacobs agree that it is expected that Employee will work 21 hours per week from the Transition Date through the Retirement Date. The foregoing notwithstanding, Employee acknowledges and understands that if the facts and circumstances indicate either (a.) or (b.), above, distributions under the EDP will occur as per plan, irrespective of whether Employee continues in his employment status with Jacobs through the Retirement Date. Employee also acknowledges that a Separation from Service under Section 409A will occur upon Employee’s Retirement Date, and distributions under the EDP will occur as per plan. Retirement Transition Agreement Exhibit 10.17
Executive Deferred Compensation. The parties agree to ------------------------------- investigate mutually satisfactory options to accommodate the transfer of accrued deferred compensation obligations, and associated rabbi trust or other assets, from Vodafone to the Partnership for Vodafone Transferees, but any such transfer shall require the written approval of the Partnership.
Executive Deferred Compensation. The Company acknowledges that you are fully vested under the Executive Deferred Compensation Plan and you will be paid the amounts due to you thereunder in addition to the other payments made to you as described in this Letter Agreement.
Executive Deferred Compensation. Employee shall be compensated by the Employer a matching contribution of up to 2.5% of Employee’s Base Salary, pursuant to the Executive Deferred Compensation Agreement entered into by and between the Employee and Employer, dated December 23, 2005.
Executive Deferred Compensation. On CCLOA Status, Employee shall be considered separated under Jacobs’ Executive Deferred Compensation Program (the “EDC Program”). Payment of amounts deferred by Employee under the EDC Program prior to 2005 will begin as soon as administratively feasible after the CCLOA Date. Payment of amounts deferred by Employee under the EDC Program after 2005 will begin as soon as administratively feasible following the 409A mandated six month waiting period (~ the seventh month) after the CCLOA Date.
Executive Deferred Compensation. On CCLOA Status, Employee shall be considered severed under Jacobs’ Executive Deferred Compensation Program (the “EDC Program”). Payment of amounts deferred by Employee under the EDC Program prior to 2005 will begin 30 days after commencement of the CCLOA Period. Payment of amounts deferred by Employee under the EDC Program after 2005 will begin seven months after commencement of the CCLOA Period.
