Compensation Deferral Agreement definition

Compensation Deferral Agreement means an agreement by which a Participant directs the Company to make Elective Deferrals under the Plan in lieu of paying the Participant cash compensation.

Compensation Deferral Agreement means an agreement, in a form prescribed by the Plan Administrator, pursuant to which a Member agrees to forgo receipt of a portion of his Compensation in consideration for the Company’s agreement to make Matched Elective Contributions and/or Unmatched Elective Contributions equal to such forgone Compensation in accordance with the terms of the Profit-Sharing Plan.

Compensation Deferral Agreement means an arrangement pursuant to which a Member agrees to reduce, or to forego an increase in, his Compensation and the Employer agrees to contribute to the Plan the amount so reduced or foregone as an Elective Contribution.

Examples of Compensation Deferral Agreement in a sentence

• The Committee has the authority to determine the payroll practices under which any component of Compensation subject to a Compensation Deferral Agreement will be deducted from a Participant’s Compensation.

• Deferrals shall be credited to appropriate Accounts on the date such Compensation would have been paid to the Participant absent the Compensation Deferral Agreement.

• The Committee, pursuant to its authority to interpret the Plan, may sever from the Plan or any Compensation Deferral Agreement any provision or exercise of a right that otherwise would result in a violation of Code Section 409A.

• A Compensation Deferral Agreement may also specify the investment allocation described in Section 8.4.

• Except as otherwise provided in this Section 4.2, Participants may defer Compensation by filing a Compensation Deferral Agreement no later than December 31 of the year prior to the year in which the Compensation to be deferred is earned.

More Definitions of Compensation Deferral Agreement

Compensation Deferral Agreement means the agreement by which an Active Participant agrees to defer receipt of Pay in consideration for the Employer's agreement to make Deferral Contributions in accordance with the terms of the Plan.

Compensation Deferral Agreement means an agreement pursuant to which an Employee agrees to reduce, or to forego an increase in, his Eligible Earnings and the County agrees to contribute to the Plan the amount of the reduction or the amount foregone as a Tax Deferred Contribution.

Compensation Deferral Agreement means the written agreement to defer Compensation contemplated by articles 3 and 4 hereof executed by the Participant and the Participating Company.

Compensation Deferral Agreement means the agreement (in writing or in electronic form as may be prescribed by the Plan Administrator) between an Eligible Employee and the University to defer receipt by the Eligible Employee of Compensation not yet paid or otherwise made available. Such agreement shall reflect the Deferred Compensation amount to be withheld from the Eligible Employee’s Compensation and shall become effective no earlier than the first day of the month following execution of such agreement. Once executed, the Compensation Deferral Agreement shall be legally binding and irrevocable with regard to amounts paid or otherwise made available while the agreement is in effect.

Compensation Deferral Agreement means an agreement to defer compensation as described herein.

Compensation Deferral Agreement means the Deferral Agreement filed in accordance with Section 3.1 with respect to the Participant’s Base Compensation.

Compensation Deferral Agreement means an agreement between a Participant and the Company and, if applicable, the Participant’s Employer that specifies (a) the amount of each component of Compensation that the Participant has elected to defer under the Plan in accordance with the provisions of Article 4, (b) the Payment Schedule applicable to such Deferral, and (c) the Investment Allocation applicable to such Deferral.