Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.8 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: minimum deferral: 2 % maximum deferral: $__________ or 50 %
(b) Service Bonus: minimum deferral: 2 % maximum deferral: $__________ or 75 % XX (c) Performance-Based Compensation: minimum deferral: 2 % maximum deferral: $__________ or 75 %
Participant Deferral Credits. To the extent provided in the Adoption Agreement, each Active Participant may elect, by entering into a Participation Agreement with the Employer, to defer the receipt of Compensation from the Employer by a dollar amount or percentage specified in the Participation Agreement. The amount of Compensation the Participant elects to defer, the Participant Deferral Credit, shall be credited by the Employer to the Deferred Compensation Account maintained for the Participant pursuant to Section 8. The following special provisions shall apply with respect to the Participant Deferral Credits of a Participant:
4.1.1 The Employer shall credit to the Participant’s Deferred Compensation Account on each Crediting Date an amount equal to the total Participant Deferral Credit for the period ending on such Crediting Date.
4.1.2 An election pursuant to this Section 4.1 shall be made by the Participant by executing and delivering a Participation Agreement to the Committee. Except as otherwise provided in this Section 4.1, the Participation Agreement shall become effective with respect to such Participant as of the first day of January following the date such Participation Agreement is received by the Committee. A Participant’s election may be changed at any time prior to the last permissible date for making the election as permitted in this Section 4.1, and shall thereafter be irrevocable. The election of a Participant shall continue in effect for subsequent years until modified by the Participant as permitted in this Section 4.1.
4.1.3 A Participant may execute and deliver a Participation Agreement to the Committee within 30 days after the date the Participant first becomes eligible to participate in the Plan to be effective as of the first payroll period next following the date the Participation Agreement is fully executed. Whether a Participant is treated as newly eligible for participation under this Section shall be determined in accordance with Section 409A of the Code and the regulations thereunder, including (i) rules that treat all elective deferral account balance plans as one plan, and (ii) rules that treat a previously eligible employee as newly eligible if his benefits had been previously distributed or if he has been ineligible for 24 months. For Compensation that is earned based upon a specified performance period (for example, an annual bonus), where a deferral election is made under this Section but after the beginning of the performance period, the election ...
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.7 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: maximum deferral: $______ or 75%
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.8 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: minimum deferral: 0 % maximum deferral: 50 % XX (b) Service Bonus: XX Service Bonus. minimum deferral: 0 % maximum deferral: 100 % XX (c) Performance-Based Compensation: minimum deferral: 0 % maximum deferral: 100 % XX (d) Commissions: minimum deferral: 0 % maximum deferral: 100 % __ (e) Form 1099 Compensation: minimum deferral: % maximum deferral: % XX (f) Other: Director’s Fees minimum deferral: 0 % maximum deferral: 100 % __ (g) Participant deferrals not allowed.
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have their Compensation, as elected below, deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.8 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: minimum deferral: ____________% maximum deferral: $____________ or 75 % — (b) Service Bonus: minimum deferral: ____________% maximum deferral : $____________ or % — (c) Performance-Based Compensation: minimum deferral: ____________% maximum deferral : $____________ or % — (d) Commissions: minimum deferral: ____________% maximum deferral : $____________ or % — (e) Form 1099 Compensation: minimum deferral: ____________% maximum deferral : $____________ or % XX (f) Other: Short Term Incentive Compensation: minimum deferral: ____________% maximum deferral: $____________ or 100 %
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.8 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: minimum deferral: 0 % maximum deferral: $ or 75 % XX (b) Service Bonus: minimum deferral: 0 % maximum deferral: $ or 100 % XX (c) Performance-Based Compensation: minimum deferral: 0 % maximum deferral: $ or 100 % XX (d) Commissions: minimum deferral: 0 % maximum deferral: $ or 100 % XX (e) Form 1099 Compensation: minimum deferral: 0 % maximum deferral: $ or 100 %
Participant Deferral Credits. Subject to the limitations in Section 4.1 of the Plan, a Participant may elect to have his Compensation (as selected in Section 2.7 of this Adoption Agreement) deferred within the annual limits below by the following percentage or amount as designated in writing to the Committee:
(a) Base salary: maximum deferral: $ or % x (b) Service Bonus: maximum deferral: $ or % x (c) Performance-Based Compensation: maximum deferral: $ or % ¨ (d) Other: . maximum deferral: $ or % ¨ (e) Participant deferrals not allowed.
Participant Deferral Credits. (Base Salary, Service Bonus, Performance Based Compensation & Non-Employee Director Fees) and Employer Credits – Election Period: Participant elections regarding Participant Deferral Credits and Employer Credits shall be subject to the following effective periods (one must be selected):
Participant Deferral Credits. As of the effective date, the maximum deferral percentage for the Short Term Incentive Compensation will be 90%.
