Common use of Initial Deferral Election Clause in Contracts

Initial Deferral Election. Prior to the Grant Date, the Holder may elect to defer the receipt of 100% of the shares of Stock that become vested pursuant to Section 3 until the earlier to occur of (i) the fifth (5th) anniversary of the vesting date and (ii) the date of the Holder’s separation from service.

Appears in 3 contracts

Sources: Non Employee Director Restricted Stock Unit Award Agreement (CDW Corp), Restricted Stock Unit Award Agreement (CDW Corp), Restricted Stock Unit Award Agreement (CDW Corp)

Initial Deferral Election. Prior Subject to Section 409A of the Grant DateCode, the Holder may elect to defer the receipt of 100% of the shares of Common Stock that become vested pursuant to Section 3 until either (i) the earlier to occur of (i) the fifth (5th) anniversary of the vesting date and the date of the Holder’s separation from service or (ii) the date of the Holder’s separation from service.

Appears in 2 contracts

Sources: Non Employee Director Restricted Stock Unit Award Agreement (CDW Corp), Restricted Stock Unit Award Agreement (CDW Corp)

Initial Deferral Election. Prior to the Grant Date, the Holder may elect to defer the receipt of 100% of the shares of Common Stock that become vested pursuant to Section 3 until the earlier to occur of (i) the fifth (5th) anniversary of the vesting date and (ii) the date of the Holder’s separation from service.

Appears in 1 contract

Sources: Non Employee Director Restricted Stock Unit Award Agreement (CDW Corp)