Common use of Payment Reduction Clause in Contracts

Payment Reduction. While a Deferral Election is in effect, deferrals described in Section 3.1 shall be withheld, based upon the percentage elected, from each payment of Compensation to which the Participant would otherwise have been entitled but for his Deferral Election.

Appears in 71 contracts

Samples: Deferred Compensation Plan (Nuveen Municipal Credit Opportunities Fund), Deferred Compensation Plan (Nuveen High Income 2023 Target Term Fund), Deferred Compensation Plan (Nuveen Emerging Markets Debt 2025 Term Fund)

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Payment Reduction. While a Deferral Election is in effect, deferrals described in Section 3.1 shall be withheld, based upon the percentage or amount elected, from each payment of Compensation to which the Participant would otherwise have been entitled but for his Deferral Election.

Appears in 7 contracts

Samples: Deferred Compensation Plan (Nuveen Multi-Asset Income Fund), Deferred Compensation Plan (Nuveen Core Plus Impact Fund), Deferred Compensation Plan (Nuveen Municipal Credit Opportunities Fund)

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