Deferral Benefit definition

Deferral Benefit means the benefit payable to a Participant or his or her Beneficiary pursuant to Article VI.

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Deferral Benefit means the benefit described in Article 3.

Deferral Benefit means the benefit payable to a Participant or his Beneficiary upon the Participant’s termination of employment or as otherwise provided in the Participation Agreement, or upon approval of a Participant’s request for a distribution pursuant to Section 6.3.

Examples of Deferral Benefit in a sentence

Upon the Disability of the Participant, the amount then deposited in the Deferred Benefit Account, as opposed to the Deferral Benefit, shall be paid to the Participant pursuant to Section 1.3 hereof.
The Deferral Benefit payable to the Participant upon an event set forth in Section 1.3 shall be the amount then credited to the Deferred Benefit Account.
Upon the death of Participant, prior to receiving the Deferral Benefit in one lump sum payment as set forth in Section 1.1 above, the Participant’s Beneficiary shall receive from the Deferred Benefit Account, within ninety (90) days of the date of the death of the Participant, the Deferral Benefit.
On January 31, 2007 (the “Specified Date” or sometimes hereinafter the “Payout Date”), which is the last day of the Initial Term of the Employment Agreement, the Participant shall be entitled to the Deferral Benefit in his Deferred Benefit Account.
Deferral Benefit means the benefit payable to the Participant on the Retirement Date, death or termination of employment (as defined in Section 1.4), which amount is equal to One Million Eight Hundred Sixty-Eight Thousand Five Hundred Forty-Three Dollars ($1,868,543).
I understand that if I fail to make an election or if my election is for any reason not effective, the portion of my Account attributable to my Excess Deferral Benefit, my Excess 401(k) Benefit and my Excess Matching Benefit (as applicable) will automatically be paid in the form of annual installments for a period of 10 years.
Unfunded Benefit Plan (the "Plan"), I hereby elect that the portion of my Account attributable to my Excess Deferral Benefit, my Excess 401(k) Benefit and my Excess Matching Benefit (as applicable) be paid in one of the following forms: (Elect One): _____ A lump sum cash payment.
Each Participant shall have the right, at any time, to designate any person or persons as his or her Beneficiary to whom payment under the Plan shall be made in the event of his or her death prior to complete distribution to the Participant of his or her Deferral Benefit.
If Participant’s employment with the Company is terminated prior to January 31, 2007 by the Company without Cause or by the Participant for Good Reason (as both terms are defined in the Employment Agreement), Participant shall remain in the Plan and shall continue to accrue and be eligible for the Deferral Benefit hereunder.
The lump sum payment of the Deferral Benefit to the Participant on the Specified Date as provided above or on the Specified Date due to the earlier termination of employment of the Participant from the Company under Section 1.4 as a result of a Change in Control at the Company as defined herein, shall be made by the Company to the Participant within five (5) business days after the Specified Date.

More Definitions of Deferral Benefit

Deferral Benefit means the benefit payable to a Participant or his Beneficiary on his death or termination of service as a Director.

Deferral Benefit means the benefit payable to a Participant or his or her Beneficiary pursuant to Article 7.

Deferral Benefit means the benefit payable to the Participant on the Specified Date, death or termination of employment (as defined in Section 1.4), which amount is equal to One Million Eight Hundred Sixty-Eight Thousand Five Hundred Forty-Three Dollars ($1,868,543). The Deferral Benefit payable to the Participant upon an event set forth in Section 1.3 shall be the amount then credited to the Deferred Benefit Account.

Deferral Benefit means the benefit payable to a Participant or their Beneficiary pursuant to Article VI and shall include all amounts for any Class Year deferred by a Participant for such Class Year and all amounts of any Company Contribution Amount for such Class Year, along with all earnings, if any.

Deferral Benefit means the benefit payable to a Participant or his Beneficiary upon his termination of service as a Director or as otherwise provided in his Participation Agreement, or upon approval of a Director’s request for a Hardship Withdrawal.