Participant Deferrals. A Participant is fully vested in the portion of his Account that is attributable to his Participant Deferrals.
Participant Deferrals. For purposes of calculating Participant Deferrals, Compensation includes only those amounts paid after the Employee has made both his initial payout election under section 5.04 and his Enrollment Agreement under section 3.01. Compensation does not include any amounts paid after the Participant ceased to be eligible to participate in the Plan. A Participant who begins participating in the middle of a Plan Year cannot make Participant Deferrals from a bonus under paragraph (a)(iii) that is attributable to the Participant’s services during the Plan Year in which his participation begins. For example, a Participant hired in September 2010 cannot make Participant Deferrals from the incentive compensation paid to him in February 2011.
Participant Deferrals. A Participant may elect to defer receipt of any amount of Eligible Compensation otherwise payable to him during each payroll period after the effective date of his Deferral Election (but not to exceed in the aggregate 35% of his Total Compensation) with all such amounts to be credited to his Deferral Account under the Plan. The minimum amount that a Participant may defer for any Plan Year is Five-Thousand Dollars ($5,000.00).
Participant Deferrals. (a) Subject to the Joinder Agreement, Participants may elect to have a portion of their Compensation deferred and to have these Deferrals contributed to the Plan by the Employer. Deferrals shall be withheld from a Participant's paychecks in accordance with the rules established by the Plan Administrator. A Participant's Deferrals cannot exceed in any one taxable year the amount determined in Subsection (c), and Deferrals shall cease at such time as the limit determined in Subsection (c) has been reached. All Deferrals shall be paid by the Employer to the Trustee as soon as practicable, but in no event more than 90 days after the date on which such Deferrals were withheld from the Participant's Compensation; provided, however, that in no event shall Deferrals for a Plan Year be paid by the Employer to the Trustee later than 30 days after the end of the Plan Year. A Participant who does not make an authorization under Subsection (a) when he first joins the Plan may make one at any later date. The effective date of such an authorization shall be the Entry Date following the date on which the Plan Administrator receives the authorization form. If the contribution rate of Participants who are Highly Compensation Employees must be reduced as provided in this Section and/or Section 4.3, the Plan Administrator shall advise each affected Participant of his reduced contribution rate(s).
Participant Deferrals. Each Participant shall be entitled to defer --------------------- from 2% to 20% (specify allowable whole percentages) of his Compensation for the -- --- period in question by electing to have the Employer contribute the Deferral to the Participant's 401(k) Account instead of paying the deferred amount to the Participant in cash.
Participant Deferrals. A Participant's Deferrals shall be credited to --------------------- the Participant's 401(k) Account as of the date the Deferrals are deducted by the Employer from the Participant's Compensation, but without any portion of the gains or losses of the Trust Fund earnings thereon until such time as they are invested by the Trustee. Qualified Nonelective Contributions shall be allocated to the Qualified Nonelective Contribution Accounts of the Eligible Employees who are not Highly Compensated Employees in the Plan Year for which the Qualified Nonelective Contributions are made and shall be allocated to the Qualified Nonelective Contribution Account of each such Eligible Employee in the proportion that his Compensation for the Plan Year bears to the Compensation of all such Eligible Employees for the Plan Year.
Participant Deferrals. Each Executive participating in the Plan shall execute a Deferred Compensation Agreement authorizing the Company to withhold a percentage of the Executive's Compensation which would otherwise be paid to the Executive with respect to services rendered. Compensation shall be defined for purposes of the foregoing as the cash compensation payable to the Executive in connection with the Executive's services to the Company, including all amounts which an Executive elects to have the Company contribute on his behalf as a deferral contribution ("Compensation"). The deferral percentage is applied to Compensation after all other applicable payroll deductions have been applied. The Administrator may, in its discretion, establish in the Deferred Compensation Agreement minimum and maximum levels of bonus and non-bonus compensation that may be deferred pursuant to the Plan. Compensation deferrals made by an Executive under this Plan shall be held as an asset of the Company and the Company intends to deposit the amounts deferred into the Trusts.
Participant Deferrals. Deferrals elected to be made by a Participant shall be indicated by completion of his or her Deferral Election. X The minimum amount that may be deferred each Plan Year is the greater of one thousand dollars ($1,000) or two percent (2%) of the Participant's Compensation. (OPTIONAL)
Participant Deferrals. (a) An employee who is eligible to participate for the first time and who wishes to participate in the Plan must execute and file with the Company the appropriate Deferred Compensation Agreement or Deferred Compensation Election before the start of the Plan Year to which it applies. No Deferred Compensation Agreement or Deferred Compensation Election may take effect after the start of the Plan Year to which it applies. Any Participant who already has an Account balance under the Plan and is eligible to contribute for a subsequent Plan Year must execute and file their Deferred Compensation Election, if any, before the start of the Plan Year to which that deferred Election applies. Deferred Compensation Elections must be made affirmatively and separately for each Plan Year; such Elections will not renew automatically. Each Deferred Compensation Agreement or Election shall specify, in such manner as the Administrator may allow, either the percentage or dollar amount of Compensation to be deferred.
Participant Deferrals. Each Plan Year, a Participant may elect to have Participant Deferrals withheld from his Compensation and credited to his Plan Account in any whole percentage of his Compensation from 1%-50%. The maximum amount of Compensation that may be deferred and allocated to a Participant's Plan Account in any Plan Year shall be 50% of his Compensation determined, for this purpose, on the basis of the Participant's annualized Compensation as of December 31 of the year immediately preceding the Plan Year of deferral. In addition, a Participant may elect to have the Company withhold from any bonus payable by the Company any amount in any whole percentage up to 100% of such bonus and have such amount credited to his Plan Account as a Participant Deferral. An election to defer a bonus shall be made on or before December 31 of the calendar year preceding the first calendar year in which any services with respect to which the bonus is paid are rendered. If a Participant who was a participant in either the Key or the H&P deferred compensation plan (the "prior plans") made an election under the prior plans to defer a bonus payable in 2003 with respect to services performed in 2002, the prior election shall be given effect under this Plan and the amount or percentage of Compensation previously elected under the prior plans shall be deferred under this Plan. Participant Deferrals shall be deducted from a Participant's Compensation through payroll withholding in accordance with the Participant's election at the same time that regular semi-monthly payments of Compensation are made and shall be credited to the Participant's Plan Account at such time.
