Deferral Elections definition
Examples of Deferral Elections in a sentence
Any subsequent Deferral Elections may be made only in accordance with Section 2.1 hereof.
All Deferral Elections must comply with the applicable procedures established by the Committee from time to time.
Any subsequent Deferral Elections may be made only in accordance with Section 2.3 hereof.
The Committee further retains the authority and discretion to modify and/or terminate existing Deferral Elections, procedures and distribution options.
Participants will be permitted to make such a change only once with respect to any year’s Deferral Elections.
To the extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a subsequent election to change the number of such installment payments so long as no acceleration of distribution payments occurs (but no fewer than the minimum number, and not to exceed the maximum number of installments elected by the Employer in the Adoption Agreement), if payment of installments with respect to that year’s Deferral Elections has not yet commenced.
Any subsequent Deferral Elections may be made only in accordance with Section 2.2 hereof.
Any Deferral Elections are subject to Paragraph 4(a) of this Agreement and the terms and conditions set forth in this ANNEX B.
You are eligible to make a Deferral Election to defer the issuance to you of the shares of Common Stock otherwise issuable to you as of the Conversion Date, subject to the limitation on Deferral Elections set forth in Paragraph 5(d).
Upon a permitted partial or complete termination, the Board may cease all future Deferral Elections, all current Deferral Elections, and or, in its sole discretion, pay out Accounts over a period of up to five (5) years, provided such action is not treated as an "acceleration of benefits" as described in Section 409A(a)(3) of the Code and appropriate Treasury regulations or other guidance issued by the Internal Revenue Service or Treasury without the action.