Deferral Commitment definition

Deferral Commitment means a commitment made by a Participant to defer Compensation pursuant to Article III.
Deferral Commitment means a Salary Deferral Commitment or a Bonus Deferral Commitment made by a Participant pursuant to Article III and for which a Participation Agreement has been submitted by the Participant to the Committee.

Examples of Deferral Commitment in a sentence

  • No such change may affect a Deferral Commitment made prior to the Administrative Committee's action.

  • The Deferral Commitment shall specify the Account or Accounts to which the Compensation deferred shall be credited.

  • Any Deferral Commitment shall be made in a form and at a time deemed acceptable to the Committee.

  • A Participant may elect to make a Deferral Commitment in the form permitted by the Committee.

  • The Deferral Commitment shall apply to each payment of Compensation payable to a Participant, and the Committee is empowered to group the various types of Compensation together for purposes of effecting the election to defer.


More Definitions of Deferral Commitment

Deferral Commitment means an agreement made by a Participant to have all or a portion of his or her awards granted under this Plan that are denominated or payable solely in Common Shares deferred under this Plan for a specified period and shall include any Payment Election made by a Participant with respect to such awards deferred.
Deferral Commitment means a commitment made by a Participant to defer compensation during a Deferral Contribution Period pursuant to Articles 2 and 3 of the Plan for which a Deferral Election Form has been submitted by the Participant.
Deferral Commitment means an agreement by a Participant in a Participation Agreement to have a specified percentage or dollar amount of his or her Bonus deferred under the MSAP for a specified period in the future.
Deferral Commitment. An agreement made by a Director in a Participation Agreement to have all or a specified portion of his or her Fees. Required Retainer Shares and/or Voluntary Shares deferred under the Plan for a specified period in the future.
Deferral Commitment means a commitment made by a Participant to defer a percentage or flat dollar amount of any or each of the three types of Fees pursuant to Article III or to defer all but not less than all of an annual Stock Award pursuant to Article III. The Deferral Commitment may, but need not, specify a different percentage or flat dollar amount in respect of (i) the Annual Board
Deferral Commitment means one or more of the commitments made by a Participant pursuant to Article III and for which a Participation Agreement has been submitted by the Participant to the Plan record keeper.
Deferral Commitment means a commitment made by a Participant to defer Compensation pursuant to Articles 2 and 3 of the Plan for which a Deferral Election Form has been submitted by the Participant.