Deferred Compensation Agreements definition
Examples of Deferred Compensation Agreements in a sentence
With respect to Business Employees who continue to be eligible to defer amounts under the Plan, Deferred Compensation Agreements entered into before the Spin-Off Date shall be continued as if the Deferred Compensation Agreements had been made under this Plan and will be continued as provided in Section 3.3.
The Board reserves the right to terminate the Plan in whole or in part, but such termination shall not affect the Deferred Compensation Agreements then in effect, except that no additional amounts may be deferred by Participants to the Plan after the date of termination of the Plan.
This Agreement supersedes all prior Employment and Deferred Compensation Agreements, and any amendments or supplements thereto, between the parties to this Agreement.
Under the Directors' Deferred Compensation Agreements, the Company's directors were eligible to elect to defer fees for services that were otherwise currently payable.
An Employee who wishes to participate in the Plan must execute a Deferred Compensation Agreement(s) either (a) for a newly hired Employee, within 30 days after his or her date of hire, or (b) for an Employee satisfying the Plan’s eligibility criteria and who is selected by the Committee, during the annual enrollment period determined from time to time by the Committee.