Basic Deferral definition

Basic Deferral means the Compensation deferral made by a Participant pursuant to Section 4.1(a).

Basic Deferral means that portion of a Participant’s Earnings elected to be deferred under the terms of this Plan.

Basic Deferral means the pre-tax deferrals of Excess Compensation made by a Participant under this Plan of up to six percent (6%) of his Excess Compensation in accordance with Section 4.1(a).

Examples of Basic Deferral in a sentence

• Basic Deferrals shall not be paid to the Participant, but shall be withheld from amounts otherwise payable to the Participant, and an amount equal to the Basic Deferrals for the Plan Year shall be credited to the Participant’s Basic Deferral Subaccount under the Plan.

• The percentage or amount of Earnings designated by the Participant as a Basic Deferral shall continue in effect, notwithstanding any change in Earnings, unless and until the Participant requests a change of such percentage or amount (increase, decrease or suspension) and obtains the consent of the Committee.

• In the event that a Participant ceases to be an eligible employee, the Participant’s Basic Deferral election shall remain in effect through the end of the Plan Year in which the Participant remains employed but has ceased to be an eligible employee, and thereafter, the Participant shall make no further Basic Deferrals unless and until the Participant again becomes an eligible employee.

• Such election must be made to the Committee at the same time that the Participant makes his or her Basic Deferral Elections for such Plan Year in accordance with Subsection 1 of Section III.

• A Participant shall at all times be 100% vested in his or her Basic Deferral Account and Bonus Deferral Account, subject to adjustment pursuant to Article 4.

More Definitions of Basic Deferral

Basic Deferral means that percentage of a Participant’s Excess Earnings elected to be deferred under the terms of this Plan.

Basic Deferral means the percentage of a Participant’s annual base salary or director fees and retainers, which the Participant elects to defer pursuant to Article III.

Basic Deferral means the Compensation deferral made by a Participant to the Plan prior to January 1, 2005 as described in Section 4.1(a).

Basic Deferral means the pre-tax deferrals made by a Participant under this Plan of up to six (6) percent of his Compensation in accordance with Section 4.1(a).

Basic Deferral means a deferral pursuant to Section 3.2(b).

Basic Deferral means the Compensation deferral made by a Participant pursuant to Section 4.1(a). The term "Basic Deferral" shall also include compensation deferrals made by the Participant pursuant to the NME Plan prior to January 1, 1996.

Basic Deferral means a Participant’s pre-tax salary deferral contribution under the Basic Plan with respect to a Plan Year.