PERIOD OF DEFERRAL Sample Clauses

PERIOD OF DEFERRAL. The Director shall receive the Fair Market Value of his or her Phantom Stock Account when such Director has resigned, been removed or otherwise terminated all service as a member of the Board of Directors of the Company. The effective date of such Director's termination as a member of the Board shall be the Director's Determination Date. In the event of the death of a Director prior to his termination of service as a member of the Board, such Director's date of death shall be his or her Determination Date.
Sample 1
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PERIOD OF DEFERRAL. A Participant may elect that payment of the Cash Compensation deferred under the Plan be made on any date specified on the deferral election form (the "Determination Date"), provided that such date does not exceed ten (10) years from the Election Date. In the event of the death of a Director prior to the date specified on the deferral election form, such Director's date of death shall be his or her Determination Date.
Sample 1
PERIOD OF DEFERRAL. Executive may specify in a writing substantially in the form hereto as Exhibit A (the "Election Agreement") whether the period of deferral for an amount deferred will be until (i) December 31 of the first succeeding tax year in which such amount, when added to all other compensation received or to be received by the Executive in such year, would not be non-deductible by the Company by reason of Section 162(m) of the Code, (ii) the date the Executive ceases to be an associate of the Company by reason of death, retirement or otherwise (or 90 days thereafter in the event the Executive ceases to be an associate on December 31 of a year) or (iii) a period of time following the date the Executive ceases to be an associate by reason of death, retirement or otherwise, as specified by the Executive in the Election Agreement. Executive also may specify in the Election Agreement whether the amount deferred shall be paid to the Executive in a lump sum or in a number of approximately equal quarterly installments (not to exceed 40). Executive shall complete and deliver an initial Election Agreement to the Secretary of the Company. This Election Agreement shall be effective for the ______ tax year and shall continue to be effective from year to year until revoked or modified by written notice to the Secretary of the Company. In order to be effective to revoke or modify
Sample 1
PERIOD OF DEFERRAL. Executive may specify in a writing substantially in the form attached hereto as Exhibit A (the "Election Agreement") whether the period of deferral for an amount deferred will be until (i) December 31 of the first succeeding tax year in which such amount, when added to all other compensation received or to be received by the Executive in such year, would not be non-deductible by the Company by reason of Section 162(m) of the Code, (ii) the date the Executive ceases to be an employee of the Company by reason of death, retirement or otherwise (or 90 days thereafter in the event the Executive ceases to be an employee on December 31 of a year) or (iii) a period of time following the date the Executive ceases to be an employee by reason of death, retirement or otherwise, as specified by the Executive in the Election Agreement. Executive also may specify in the Election agreement whether the amount deferred shall be paid to the Executive in a lump sum or in a number of approximately equal quarterly installments (not to exceed 40). Executive shall complete and deliver an initial Election Agreement to the Vice President and General Counsel of the Company on or before December 31, 1994. This Election Agreement shall be effective for the 1995 tax year and shall continue to be effective from year to year until revoked or modified by written notice to the Vice President and General Counsel of the Company. In order to be effective to revoke or modify an election, a revocation or modification must be delivered prior to the beginning of the year of service for which such compensation is earned. 3.
Sample 1
PERIOD OF DEFERRAL. All amounts credited to the Account shall continue to be deferred until the first to occur of (i) the date specified in the Executive’s Initial Election; (ii) the date of the Executive’s “separation from service” (as defined in Section 409A of the Code including the regulations issued thereunder (“Section 409A”)) determined in accordance with the presumptions set forth in Treasury Regulations Section 1.409A-1(h); (iii) the date the Executive dies; (iv) the date the Executive becomes “disabled” (as defined in Section 409A); or (v) the date of a “change in ownership,” “change in effective control” or “change in the ownership of a substantial portion of the assets” of the Company (as such terms are defined in Section 409A). The first of (i) through (v) to occur shall be the “End of the Deferral Period.”
Sample 1

Related to PERIOD OF DEFERRAL

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Deferral Period The Deferred Share Units will be subject to a deferral period in accordance with the election made by Grantee and the terms of the Deferred Compensation Plan. The Grantee may change the period of deferral by filing a subsequent election with the Company in accordance with the terms of the Deferred Compensation Plan. During the deferral period, the Grantee will have no right to transfer any rights under his or her Deferred Share Units and will have no other rights of ownership therein.

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Deferral Notwithstanding the foregoing, if the Company shall furnish to Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Right of Deferral (i) The Company shall not be obligated to Register or qualify Registrable Securities pursuant to this Section 2:

  • Payment of Deferred Compensation Any compensation that has been earned by the Executive but is unpaid as of the Termination Date, including any compensation that has been earned but deferred pursuant to the Company's Deferred Compensation Plan or otherwise, shall be paid in full to the Executive on the Termination Date.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

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