Deferred Compensation Amounts definition

Deferred Compensation Amounts means such amounts as may be reserved from time to time by Borrower as reasonably contemplated or required pursuant to Borrower’s deferred compensation program as in effect from time to time for use exclusively as deferred compensation for Borrower’s officers or directors.

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Deferred Compensation Amounts means any and all claims, Liabilities, Taxes, penalties, fees, interest, charges, costs, or expenses directly or indirectly relating to, or arising out of or in connection with, any Action, audit, claim, demand, or assessment either (a) initiated by a Governmental Authority or (b) arising as a result of an action taken by the Company that the independent auditor of the Company reasonably determines is required as a result of a change in applicable Law or an official and binding interpretation thereof, in each case with respect to the Company Plan or the Company Options under Section 409A of the Code and the Treasury Regulations and other guidance promulgated thereunder that are paid, sustained, or incurred by Parent, the Company, any of their Subsidiaries, or any of the Related Entities, including any such payments made by Parent or its Subsidiaries (including, following the Closing, the Company and its Subsidiaries) or directed by Parent to be made by its Subsidiaries (including, following the Closing, the Company and its Subsidiaries) or the Related Entities to or on behalf of the current and former holders of Company Options after the Closing, irrespective of whether or not such payments are required by Contract, applicable Law, or otherwise, that are sufficient for such holders to pay any claims, Liabilities, Taxes, penalties, fees, interest, or other charges, costs, or expenses related to the Company Options as a result of such Action, audit, claim, demand, or assessment under Section 409A of the Code so that such holders are in the same financial position as if no such Liabilities, Taxes, penalties, interest, or other charges, costs, or expenses (other than ordinary income and employment taxes) had been incurred as a direct or indirect result of Section 409A of the Code.

Deferred Compensation Amounts means the portion of the Participant's Bonuses which the Participant elects to defer pursuant to Article IV hereof.

Examples of Deferred Compensation Amounts in a sentence

• No payment may be made from the participant's Plan account in respect of Elective Deferred Compensation Amounts or Mandatory Deferred Compensation Amounts (together, "Deferred Compensation Amounts") except as provided below.

• Such a change in election of timing of payment will become effective one year from the date the Election Form is received by the Company unless payments under a prior election commence before such effective date, in which case the new election will expire and the prior election will control the timing of payment of all Deferred Compensation Amounts.

• Such a change in election of timing of payment, when effective, shall supersede all prior elections and shall apply to all of the participant's prior and future Deferred Compensation Amounts, until a later election becomes effective.

• Set forth on Schedule 3.14(h) is (i) each individual entitled to any Deferred Compensation Amounts, (ii) the Deferred Compensation Amounts to which each such individual is entitled and (iii) the time and form of payment elected by each such individual with respect to the Deferred Compensation Amounts.

• Mandatory Deferred Compensation Amounts and the Elective Deferred Compensation Amount (if any) are to be paid to me in a lump sum (check one): o In the year my service as a Director ends.

• The Company may elect, to make Company Matches for subsequent Plan Years to be credited to Participant's Deferred Compensation Amounts.

• If I die before receiving all the deferred payments due me under the Plan, I understand the value of my Mandatory and Elective Deferred Compensation Amounts will be paid to my estate or designated beneficiary, in a single lump sum cash payment on the earlier of the January 15 or July 15 following the date of my death or as soon thereafter as reasonably possible.

• I understand that this payout election, when effective, will apply to all my Deferred Compensation Amounts (Elective and Mandatory) for this and any prior or future year, and will supersede any prior payout election made by me with respect to my Deferred Compensation Amounts.

• Mandatory Deferred Compensation Amounts and the Elective Deferred Compensation Amount (if any) are to be paid to me in _________ (up to 10) consecutive annual installments, the first of which is to be paid in (check one): o The year in which my service ends.

More Definitions of Deferred Compensation Amounts

Deferred Compensation Amounts means the aggregate notional account balances under the Conwed Capital Accumulation Plan II for Executives, the Conwed Capital Accumulation Plan for Executives and the Filtrexx Capital Accumulation Plan and any other Company Benefit Plan that is a deferred compensation plan, agreement or arrangement subject to Section 409A of the Code.