Deferred Bonus Election definition

Deferred Bonus Election means the election by a Participant under Section 3.2 to defer a portion of the Participant’s Bonus until a later year.
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Deferred Bonus Election means an election made pursuant to Section 3.1(a) hereof.
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Deferred Bonus Election means an election to defer all or a portion of an award under the Annual Incentive Plan made by an Employee in accordance with Section 5 of the Annual Incentive Plan or any successor provision thereto.
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Examples of Deferred Bonus Election in a sentence

  • A Participant may elect to defer from 1% to 100% of the Participant’s Bonus (in increments of 1%); provided, however, that the Participant’s Deferred Bonus Election must result in a deferral of at least $5,000.

  • If the Participant has not made a Deferred Salary Election but has otherwise made a Deferred Bonus Election under Section 3.2 for the year that the Participant made a Deferred Restoration Distribution Election, the amount credited to the Participant’s Deferred Restoration Distribution Account shall be payable at the same time and in the same form of distribution as any such Deferred Bonus.

  • Alongside their promotion of the site through the Local Plan, our client separately sought planning permission for the development of the site for 49 dwellings (Ref: DC/18/02010).

  • In the event that Participant’s Deferred Bonus Election does not result in a deferral of at least $5,000 but the Participant’s Bonus is at least $5,000, such Participant’s Deferred Bonus Election shall be automatically increased to the percentage that results in a deferral of $5,000.

  • In the event that the Participant’s Bonus is less than $5,000, such Participant’s Deferred Bonus Election shall be void.

  • Notwithstanding any provision of the Plan to the contrary, the Company shall not make any Company Matching Credits to the Plan under this Section 3.4 with respect to a Participant’s Deferred Salary Election in accordance with Section 3.2 or Deferred Bonus Election in accordance with Section 3.4(b) for payroll periods paid on or after May 1, 2020 through the end of the 2020 Plan Year.

  • Each Participant who agrees to defer the maximum pre-tax elective deferral that is permitted for a calendar year under the SIP and under Code Section 402(g) may elect to make a Deferred Bonus Election with respect to a Bonus otherwise to be paid in the calendar year immediately following (or, in the discretion of the Committee, in a later year following) the year of the Participant’s Deferred Bonus Election.

  • Effective for deferrals made on or after January 1, 2008, if a Participant has made a Deferred Salary Election in accordance with Section 3.1 or a Deferred Bonus Election in accordance with Section 3.2, then the Participant shall be eligible to have Company Matching Credits credited to the Participant’s Company Matching Credit Account in accordance with Section 3.4(b) .

  • Down below, MALICK strides across the Car Park, then slows as he spots the two of them climbing the stairs, SEAN straining.

  • A Deferred Bonus Election with respect to any Bonus to be earned during a Fiscal Year must be made no later than the date that is six months before the end of the performance period (which performance period shall not be less than twelve months) or such other earlier date designated by the Committee.


More Definitions of Deferred Bonus Election

Deferred Bonus Election means the election by a Participant under Section 3.2 to defer a portion of a Bonus payment until a later year.
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Deferred Bonus Election means a Participant’s election to defer amounts from his or her Bonus in accordance with Section 4.1 of the Plan.
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Deferred Bonus Election means an election made pursuant
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Deferred Bonus Election means an election made pursuant to Article III hereof.
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Deferred Bonus Election means the election by an Executive under Section 3.2 to defer until a later year receipt of some of his or her Bonus.
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Deferred Bonus Election means the election by a participant under Section 3.2 to defer until a later year a portion of his or her bonus.
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Related to Deferred Bonus Election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Plan Year means the calendar year.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Bonus Payments means that portion of the bonus payments received by the

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Distribution Election With respect to any Series, as specified in the related Supplement.