Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.
Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.
409A Award means an Award that constitutes a “deferral of compensation” within the meaning of the 409A Regulations, whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from Section 409A of the Code pursuant to an applicable exemption.
Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.
Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.
Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.
Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and
Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.
Deferral Period has the meaning set forth in Section 3(i) hereof.
Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.
Deferral Date means the date Fees would otherwise have been paid to the Participant.
Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.
Separation from Service means a “separation from service” (within the meaning of Section 409A).
Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.
Change in Control Event means any of the following:
Qualified employee means an individual who:
the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.
Unforeseeable Emergency means a severe financial hardship of the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in Code Section 152, without regard to Code section 152(b)(1), (b)(2) and (d)(1)(B); loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.
Safe Harbor has the meaning set forth in Section 10.2(d).
Qualified employer means the federal government.
Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.
Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).
Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.
Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.