Deferred Compensation Election definition

Deferred Compensation Election means a Participant’s election to defer all or a portion of Compensation as set forth in Section 4.03.

Deferred Compensation Election means an election by an Eligible Employee or Eligible Board Member to participate in the Plan in accordance with Section 4 of the Plan.

Deferred Compensation Election means the election by a Participant to defer his Compensation in accordance with Section 4.2.

Examples of Deferred Compensation Election in a sentence

• Will cancel the Deferred Compensation Election of an Eligible Employee who experiences a Disability as defined in subparagraph 3.5(b).

• The Company shall establish an Account for the terms of the Deferred Compensation Election.

• A Participant's Account shall be credited with an amount equal to the percentage of each Compensation payment which would have been payable currently to the Participant but for the terms of the Deferred Compensation Election Form.

• Each Participant may elect in his or her Deferred Compensation Election Form to have one or more distributions of a specified percentage or dollar amount of his or her Account, not more frequently than once in a Plan Year, commencing in his or her third year of participation, provided that the Participant has not terminated his or her Service with the Company.

• Each Eligible Director shall automatically become a Participant in the Plan upon his timely filing a Deferred Compensation Election or other election to participate and remain a Participant as long as he is entitled to future benefits under the terms of the Plan.

More Definitions of Deferred Compensation Election

Deferred Compensation Election means the written election including any amendments, attachments and appendices thereto as prescribed by the Plan Committee, regardless of how it may be titled, under which the Participant agrees to defer a portion of his Base Salary and/or Annual Cash Incentive or Commissions under the Plan (or any other cash remuneration payable to a Participant that he may elect to defer under the provisions of this Plan, including but not limited to LTIP cash awards). This election is made by the Participant and constitutes the agreement entered Page 4 into between the Corporation and a Participant for participation in the Plan. The Participants elect the terms of their deferral pursuant to the provisions of this Plan and the administrative procedures established by the Plan Committee.

Deferred Compensation Election means the election by a Participant to defer his Compensation as an Automatic Deferral, Basic Deferral and/or Discretionary Deferral in accordance with Section 4.1.

Deferred Compensation Election means a Participant’s election to defer amounts from his or her Compensation for Plan Years beginning on or after January 1, 2007, in accordance with Section 4.1 of the Plan.

Deferred Compensation Election means a written election delivered to the Company pursuant to which a Participant elects to defer Fees under the Plan.

Deferred Compensation Election means the election (in the form prescribed by the Administrator, as amended from time to time) made by and under which the Employee elects to participate in the Plan and, if the Participant so elects, agrees to make Deferred Compensation Contributions. The Deferred Compensation Election shall indicate the amount or percentage of any Deferred Compensation Contribution elected by the Participant and the Participant’s directed investment election pursuant to ARTICLE V, and shall refer to the provisions of the Plan.

Deferred Compensation Election means a written agreement between a Participant and the Company whereby the Participant agrees to defer a portion of his Compensation or Rollover Amounts and the Company agrees to make benefit payments all in accordance with the terms and conditions of the Plan. With respect to a Participant who is a Director, a Deferred Compensation Election hereunder shall supersede and take precedence over any election to defer compensation filed by such Director pursuant to the Director's Plan.

Deferred Compensation Election means the election made by a Participant in accordance with Section 4.1 to reduce his Compensation by a specific amount, and to have such amount credited to the Plan as a Deferred Compensation Award, pursuant to Article IV.