Examples of Deferred Compensation Accounts in a sentence
For each payment, the Committee must specify a date for the Deferred Compensation Account(s) to be valued.
In addition, the Employer may distribute a Participant's vested balance in all of the Participant’s Deferred Compensation Accounts at any time if the balance does not exceed the limit in Section 402(g)(1)(B) of the Code and results in the termination of the Participant's entire interest in the Plan as provided under Section 409A of the Code.
A Participant’s payments from the Plan shall be based upon the value attributable to the Participant’s Deferred Compensation Accounts.
Statements setting forth the values of the funds deemed to be held in a Participant’s Deferred Compensation Accounts will be sent to each Participant quarterly or more often as the Committee may elect.
Any such amendment or termination will not reduce the amount in Deferred Compensation Accounts accrued under this Plan prior to the execution of such amendment or termination.