Deferrals definition

Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

Deferrals means the amount of the Executive's Compensation, which the Executive elects to defer according to this Agreement.

Deferrals means, as applicable to a Participant, Basic Deferrals, Bonus Deferrals and/or Performance-Based Compensation Deferrals made pursuant to the terms of the Plan.

Examples of Deferrals in a sentence

• Notwithstanding any provision of this Agreement to the contrary, the Company shall not distribute any benefit under this Agreement in excess of the Deferrals to the extent the benefit would be an excess parachute payment under Section 280G of the Code.

• Notwithstanding any provision of this Agreement to the contrary, the Company shall not distribute any benefit under this Agreement in excess of the Deferrals (i.e., Deferral Account minus interest credited thereon) if the Director is subject to a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act.

• If the Employer terminates the Executive's employment for Cause, then the Executive shall forfeit all amounts credited to the Deferral Account except the Deferrals and the interest earned on the Deferrals at the Crediting Rate.

• The Executive may modify the amount of Deferrals annually by filing a new Deferral Election Form with the Employer.

• If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to prohibit the Executive from making any additional Deferrals hereunder.

More Definitions of Deferrals

Deferrals means the amount of Base Salary or Bonus the Executive elects to defer according to this Agreement.

Deferrals means the amount of deferrals credited to a Participant pursuant to Section 3.02.

Deferrals means compensation credited to a Participant’s Account during a calendar year as a result of a Participant’s elections pursuant to Section 5.2, plus Company contributions pursuant to Section 5.3, if any, plus, except where the context otherwise requires, amounts attributable (i.e., credited notional interest) to amounts previously deferred.

Deferrals means the amount of Base Annual Salary and Bonus earned and deferred in accordance with the provisions of the Plan.

Deferrals means the amounts credited to a Participant’s Account as Deferrals pursuant to the Participant’s Deferral Election.

Deferrals means the amount of Compensation deferred by a Participant to the Plan, comprising of Elective Deferrals and, if elected by the Committee in the Plan and the Participant so elects on a Participation Agreement, Roth 457(b) Contributions.

Deferrals means collectively the Salary, Bonus, Long-Term Incentive, Restricted Stock and Net Shares, unless indicated otherwise.