Cash Deferral definition
Examples of Cash Deferral in a sentence
If a yield is required to be paid on any preferred units prior to maturity and any Cash Deferral Conditions exist, such yield may be cumulated and accrued until and to the extent that such prohibition no longer exists.
Any senior preferred units or the promissory note shall be redeemed or payable when and to the extent the Cash Deferral Condition which prompted their issuance no longer exists.
Any senior preferred shares or the promissory note shall be redeemed or payable when and to the extent the Cash Deferral Condition which prompted their issuance no longer exists.
If interest or yield is required to be paid on any Notes or Preferred Shares prior to maturity and any Cash Deferral Conditions exist, such interest or yield may be cumulated and accrued until and to the extent that such prohibition no longer exists.
Any such preferred units issued shall be promptly redeemed (i) when the Cash Deferral Condition which prompted their issuance no longer exists, (ii) upon consummation of a Public Offering of the Company or ▇▇▇▇▇▇▇ Foods Holdings, Inc.
The Company shall use its reasonable best efforts to cause any Cash Deferral Conditions to be resolved.
For each payroll period beginning on or after the effective date of an Eligible Employee’s Salary Deferral Agreement, his Cash Deferral Account shall be credited with an amount of Salary Deferrals, if applicable.
Executive further agrees that the obligations of Holdings to make payments pursuant to Sections 6(a) and 6(b) above are subject to there being no Cash Deferral Condition existing (as such term is defined in Section 3(d) of the RSA and Section 3.5(a)(iv) of the SH Agreement).
Compensation may be deferred into either a Cash Deferral or Option.
EXHIBIT A --------- Cash Deferral Set out below are the general terms and conditions applicable to an election to defer Compensation into an obligation of the Company to pay the Deferred Compensation in cash at a later date.