Deferral Amounts definition

Deferral Amounts refers to those amounts Director previously deferred under the Original Agreement, and which the Bank maintained as separate account balance in the Director’s Deferral Account. The deferral element of this plan was eliminated by Amendment in July of 2003, however the Deferral Account was maintained, accounted for and credited with interest pursuant to the terms of the Original Agreement. In addition, the Deferral Account served as a bookkeeping entry only and was utilized solely as a device for the measurement and determination of the amounts to be paid to, or in respect of, a Participant pursuant to the Original Agreement.

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Deferral Amounts means the principal apportionments designated by the State that would normally be distributed to Participants during the Deferral Months of the Fiscal Year but which instead have been deferred by State law to the Repayment Periods occurring during Fiscal Year 2021-22, subject to a Change in State Law.

Deferral Amounts means, as to the Borrower and its charter schools participating in the Program, the total funds deferred by the State from apportionments originally due to the Borrower during the Deferral Months identified in the Intercept Schedule, subject to change as provided in the MOU and Intercept Notices.

Examples of Deferral Amounts in a sentence

• The principal terms of the 2020 November Deferral Agreement are as follows: • Payment of the 2020 November Deferral Amounts will be deferred until August 31, 2023.

• On November 19, 2020, the Company and CIC entered into the 2020 November Deferral Agreement pursuant to which CIC agreed to grant the Company a deferral of the 2020 November Deferral Amounts.

• The principal terms of the 2021 July Deferral Agreement are as follows: • Payment of the 2021 Deferral Amounts will be deferred until August 31, 2023.

• Amounts contributed by a Plan Sponsor pursuant to this Section 3.1(c) or recharacterized pursuant to Section 3 of Appendix C that do not exceed the Applicable Deferral Limits will not be treated as Catch-Up Contributions but will be treated as Deferral Amounts.

• In addition, amounts contributed pursuant to Section 3.1(a) or this Section 3.1(c) may be treated as Catch-Up Contributions to the extent such amounts exceed any limit on Deferral Amounts that may be determined pursuant to Section 3 of Appendix C hereto (this limit and the limits in the preceding sentence being collectively referred to as the “Applicable Deferral Limits”).

More Definitions of Deferral Amounts

Deferral Amounts means the amounts of Annual Compensation contributed to the Plan by a Member pursuant to the Member’s election under Plan Sections 3.1.

Deferral Amounts means Salary Deferral Amounts and/or Bonus Deferral Amounts, as more fully described in Article V.

Deferral Amounts means amounts credited to the Employee Deferral Account of a Member at the election of a Member pursuant to Section 3.1.

Deferral Amounts means the Before-Tax Contributions made with respect to an Eligible Participant in a Plan Year.

Deferral Amounts means, as to each Borrower and its charter schools participating in the Program, the total funds deferred by the State from apportionments originally due to such Borrower during the Deferral Months identified in the Intercept Schedule, subject to change as provided in the MOU and Intercept Notices.

Deferral Amounts means deferred Bonus amounts.

Deferral Amounts. (as defined in the Deferral Plan) from the compensation of the Employee utilized for purposes of determining the benefits under the Pension Plan. This portion of the Plan is to have the effect of putting such Participants in the same position they would have been in had they not made any Deferral Elections under the Deferral Plan.