Basic Deferral definition

Basic Deferral means the Compensation deferral made by a Participant pursuant to Section 4.2(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

• Company Basic Deferrals made on a Participant’s behalf pursuant to this Section 4.01 shall be credited to such Participant’s Company Basic Deferral Account in one or more installments, as determined by the Plan Administrator, as of a date or dates within the Plan Year.

• When the Participant makes a deferral election in respect of Eligible Basic Compensation for a Plan Year beginning on or after January 1, 2008 or Eligible Bonuses payable on or after January 1, 2009 under Sections 3.1 and 3.2, he or she shall also elect the time at which payment of the amounts credited to the Basic Deferral Account and Bonus Deferral Account, respectively, established in respect of such Plan Year shall commence.

• The earliest time a Participant may elect to have payment commence in respect of any such amounts credited to the Participant’s Basic Deferral Account or Bonus Deferral Account shall be January 1st of the second calendar year commencing after the date such amounts were credited to such Accounts.

• A Participant, by submitting a written election form to the Committee prior to the first day of the calendar quarter for which the election is to become effective, may request a change of the percentage or amount of Basic Deferral.

• The Participant may submit a new Basic Deferral Election with respect to future Plan Years to the extent permitted under this Subsection 1 of this Section III.

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