Additional Deferral Election definition

Additional Deferral Election means the election by a participant under Section 3.6(b) to further defer the date payment otherwise would be made (or begin to be made) from a participant's Deferred Account.
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Additional Deferral Election means the election by a Participant under Section 3.4(b) to further defer distribution from his or her Deferred Account.
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Additional Deferral Election means the election by a participant under Article VII to further delay distribution from an Account.
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Examples of Additional Deferral Election in a sentence

  • Only one such Additional Deferral Election will be permitted with respect to Plan Year Accounts relating to a particular Plan Year.

  • No such Additional Deferral Election will be effective with respect to any such balance in any Participant’s Deferred Account until twelve months following the date of the Additional Deferral Election.

  • Upon occurrence of an event specified in the Participant’s distribution election under Section 6.1 (a “Distribution Event”) with respect to Plan Year Accounts, as modified by any applicable subsequent Additional Deferral Election under Section 6.2, the Account Balance of a Participant’s Plan Year Accounts shall be paid by the Company to the Participant in the form elected under Section 6.1. Such payments shall commence within 60 days following the occurrence of the Distribution Event.

  • Except as provided below, upon occurrence of the date or event specified in the Participant’s Deferral Period Election, as modified by any applicable subsequent Additional Deferral Election under Section 3.4(b), or, in the event no Deferral Period Election is made, upon the date prescribed in Section 3.1(e) or 3.2(e), the amount of a Participant’s Deferred Account shall be paid or begin to be paid in cash to the Participant or beneficiary, as applicable.

  • The Additional Deferral Election must defer payment or, in the case of installments, the beginning date for payment, not less than five years after the original Deferral Period.

  • Except as provided below, upon occurrence of an event specified in the Participant’s Deferral Period Election, as modified by any applicable subsequent Additional Deferral Election under Section 3.4(b), or, in the event no Deferral Period Election is made, upon the date prescribed in Section 3.1(e) or 3.2(e), the amount of a Participant’s Deferred Account shall be paid or begin to be paid in cash to the Participant or beneficiary, as applicable.

  • Upon occurrence of an event specified in the Participant’s Deferral Period Election, as modified by any applicable subsequent Additional Deferral Election, or, in the event no Deferral Period Election is made, upon the date prescribed in Section 3.1(e) or 3.2(e), the amount of a Participant’s Deferred Account shall be paid or begin to be paid in cash to the Participant or beneficiary, as applicable.

  • The Additional Deferral Election must defer payment not less than five years after the original Deferral Period.

  • Upon the occurrence of a Fixed Date, that portion of the Participant's Account that is both vested and elected pursuant to a Deferral Election or Additional Deferral Election to be paid out on such Fixed Date shall be paid to the Participant in accordance with the Form of Payment elected in the Deferral Election or subsequent Change of Form Elections.

Related to Additional Deferral Election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Payment Election means an election pursuant to Section 5.1.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Special election means an election held as authorized by Section 20A-1-203.