Common use of Participant Deferrals Clause in Contracts

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. For purposes of calculating Participant Deferrals, Compensation includes only those amounts paid after the Employee has made both his initial the applicable payout election under section Section 5.04 and his after the deadline for making the applicable Enrollment Agreement under section Section 3.01. Compensation does not include any amounts paid after the Participant ceased to be eligible to participate in the Plan, except as provided in Section 2.01(b). A Participant who begins participating in the middle of a Plan Year cannot make Participant Deferrals from a bonus under paragraph (a)(iii) the Cash-Incentive Bonus 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 2014 cannot make Participant Deferrals from the incentive compensation paid to him in February 20112015.

Participant Deferrals. For purposes of calculating Participant Deferrals, Compensation includes only those amounts paid after the Employee has made executed both his initial payout election under section Section 5.04 and his Enrollment Agreement under section 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 2012 cannot make Participant Deferrals from the incentive compensation paid to him in February 20112013 for the 2012 bonus year.