Deferred Compensation Liability definition

Deferred Compensation Liability means the amount, as of immediately prior to the date hereof and on and as of the Closing Date, of all distributions that may become payable in respect of any non-qualified deferred compensation plan established, maintained, sponsored, or contributed, or required to be contributed, by a Debtor or any of its Subsidiaries, including any supplemental retirement plan, and account balances thereunder.
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Deferred Compensation Liability means the amount, as of immediately prior to the date hereof and on and as of the Closing Date, of all distributions that may become payable in respect of any non-qualified deferred compensation plan established, maintained, sponsored or contributed, or required to be contributed by a Debtor or any of its Subsidiaries, including any supplemental retirement plan, and account balances thereunder.
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Deferred Compensation Liability means the liability for deferred compensation reflected on DSLT's balance sheet.
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Examples of Deferred Compensation Liability in a sentence

  • Whether Hoops Is Entitled to a Deduction for the Deferred Compensation Liability in 2012Section 162(a) allows a deduction for all ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered.

  • For any Plan Year that Third Federal, the Association or Related Entity contributes a discretionary profit sharing contribution to the Savings Plan, Third Federal, the Association or Related Entity shall also make a contribution during such year to the Deferred Compensation Liability Account of each Participant for such year regardless of whether or not such Participant has signed a Deferred Compensation Agreement.

  • If there is a Change in Control, any affected Participant having a balance in a Deferred Compensation Liability Account shall be paid the vested accrued amounts within thirty (30) days from the date of separation or termination in the method specified in the Deferred Compensation Agreement(s) applicable to the amounts.

  • Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the Participant’s Deferred Compensation Liability Account within thirty (30) days, in the event of death prior to the Participant’s Distribution Event.

  • If a Participant incurs a Distribution Event, payment of the Participant’s balance in his Deferred Compensation Liability Account shall be made or commenced to him within thirty (30) days following the Distribution Event in the form elected by the Participant in the applicable Deferred Compensation Agreement.

  • A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Deferred Compensation Liability Accounts hereunder and such other action as may be requested.

  • A description of the valuation methodologies used for financial instruments measured at fair value on a recurring basis, as well as the classification of the instruments pursuant to the valuation hierarchy, are as follows: Trading Securities and Deferred Compensation Liability Trading securities and the corresponding deferred compensation liability are reported using Level 1 inputs.

  • The Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested Deferred Compensation Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination.

  • As soon as reasonably practicable after the Closing Date the Company shall direct the trustee of the Rabbi Trust to distribute to the Company the aggregate amount of Estimated Deferred Compensation Liability and Additional Deferred Compensation Liability, in accordance with the terms of the Rabbi Trust (the “Reimbursement Withdrawal”).

  • The Board may offer investment options from which a Participant may select, in the manner prescribed by the Board, for the purpose of determining the earnings to be credited to the Participant’s Deferred Compensation Liability Account.


More Definitions of Deferred Compensation Liability

Deferred Compensation Liability means the Borrower’s obligation to pay Profit Sharing Interest or Minority Interest to the related holder thereof pursuant to a Deferred Compensation Agreement.
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Deferred Compensation Liability means OpCo’s obligation to pay Profit Sharing Interest or Minority Interest to the related holder thereof pursuant to a Deferred Compensation Agreement.
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Deferred Compensation Liability means the amount, as of immediately prior to the Closing, of all distributions that would be payable in connection with the Closing in respect of the Deferred Compensation Plan and account balances thereunder. “Deferred Compensation Plan” Grand Victoria Casino Deferred Compensation Plan (Amended and Restated Effective January 1, 2015).
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Deferred Compensation Liability means the aggregate amount owing by the Subject Companies to former employees, shareholders, officers or directors of any of the Subject Companies which is payable on or after the Closing Date and which has not been paid prior to the Closing Date.
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Deferred Compensation Liability is equal to Five Hundred Thousand Dollars ($500,000).
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Related to Deferred Compensation Liability

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m)(i).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Group health benefit plan means any health care plan, subscription contract, evidence of