Termination of Deferrals. The Director shall not be eligible to make Compensation Deferrals after the earliest of the following dates:
(a) The date on which he ceases to serve as a Director of all of the Funds; or
(b) The effective date of the termination of this Agreement.
Termination of Deferrals. The Trustee shall not be eligible to make Compensation Deferrals after the earlier of the following dates:
(a) The date on which he ceases to serve as a Trustee of the Fund; or
(b) The effective date of the termination of this Agreement.
Termination of Deferrals. The Trustee shall not be eligible to make Compensation Deferrals after the date on which he ceases to serve as a Trustee of the Funds.
Termination of Deferrals. 7.1. Unforeseeable Emergency If a Participant suffers an Unforeseeable Emergency, as defined herein, the Plan Administrator, in its sole discretion, may terminate any future Compensation Deferrals pertaining to compensation not yet earned required to be made pursuant to the Participant’s current Compensation Deferral Agreement. If the petition for a termination of Compensation Deferrals is approved, it shall be effective upon the date of approval. A Participant requesting a termination of Compensation Deferrals as a result of an Unforeseeable Emergency shall apply for the termination in writing on a form approved by the Plan Administrator and shall provide such additional information as the Plan Administrator may require. The Plan Administrator shall have sole discretion to determine whether the financial hardship of the Participant constitutes an Unforeseeable Emergency under the Plan. The Participant’s eligibility for Employer Matching Credits and/or Employer Discretionary Credits shall be similarly terminated.
Termination of Deferrals. Notwithstanding paragraphs 3 and 4 above, if Director terminates deferrals prior to December 31, 1999 for any reason other than the Director’s death or a change in control as described in paragraph 7, Director shall be paid a lump sum amount equal to his Deferred Benefit Account on April 30 immediately following the date six years from the date of the prior deferred compensation agreement with the Bank.
Termination of Deferrals. Notwithstanding paragraphs 3 and 4 above, if Director does not make deferrals for 72 months as provided in paragraph 1 for any reason other than the Director’s death, Director’s benefits shall be limited to a lump sum payment consisting of the amounts previously deferred pursuant to paragraph 1, but without any interest thereon, payable six years from the date of this Agreement.
Termination of Deferrals. The Eligible Director/Trustee shall not be eligible to make Compensation Deferrals with respect to the Funds after the earlier of the following dates:
(a) his Separation from Service for the Funds; or
(b) the effective date of the termination of this Agreement.
Termination of Deferrals. The Company, through action of its Board of Directors, may terminate future Participant Deferrals under the Plan at any time, for any reason. If deferrals are discontinued, the Plan and Trust shall continue to operate in accordance with their respective terms and distributions shall be made to Participants (and Beneficiaries) in accordance with the provisions of the Plan.
Termination of Deferrals. With respect to each of MSIF and MSUF, the ------------------------ Eligible Director shall not be eligible to make Compensation Deferrals after the earlier of the following dates:
(a) His Separation from Service as an Eligible Director of MSIF or MSUF; or
(b) The effective date of the termination of this Agreement.
Termination of Deferrals. Upon the expiry of the Redemption Right Deferral Period (but only if a Re-Listing has not occurred prior to such expiration) and the Re-Listing Covenant Deferral Period, respectively, the Redemption Right Deferral and the Re-Listing Covenant Deferral shall each respectively terminate without the requirement of any demand, presentment, notice or consent of any kind. The Company agrees that, subject to the provisions of the Purchase Agreement and the Certificate of Designations, as applicable, Investor may at any time after the termination of the respective Limited Deferrals proceed to exercise the Redemption Right or any of its rights or remedies in respect of the Re-Listing Covenant.
