Deferral Election Date definition
Examples of Deferral Election Date in a sentence
If, with respect to amounts covered by your Deferral Election, you have failed to elect a distribution commencement date or there exists any ambiguity as to the distribution commencement date you have elected, such amounts (including the relevant vested Company matching Contribution) may be distributed to you after the earlier of the date of your Termination of Employment or the third anniversary of your Deferral Election Date, unless determined otherwise by the Committee, in its sole discretion.
Such an election must be made by completing and submitting to the Company the attached Deferral Election Form on or before the Deferral Election Date.
Grantee [EMPLOYEE] Address of Grantee [____________] Grant Date [____________] Deferral Election Date [____________] Target Number of PSUs [TARGET] Further, the actual number of PSUs that shall vest on the Vesting Date shall be determined from the following table: You have been granted Performance Share Units (“PSUs”) pursuant to the Performance Share Unit Agreement to which this Annex B is attached as a part thereof (the “Agreement”).
All Deferral Elections shall become irrevocable as of such December 31 or such other Deferral Election Date.
The Deferred RSUs, if any, granted on the Initial Grant Date and Deferred RSUs granted with respect to an Initial Award shall vest in full on the first anniversary of the Grantee’s Deferral Election Date, subject to the Grantee’s continued service as a Director (whether or not in the capacity of an Outside Director) through such date, subject to the provisions of Section 6(e) below).
Grantee Address of Grantee Grant Date Deferral Election Date Aggregate Number of RSUs Granted You have been granted Restricted Stock Units (“RSUs”) pursuant to the Restricted Stock Unit Award Agreement to which this Annex B is attached as a part thereof (the “Agreement”).