Deferred Fee Account definition

Deferred Fee Account. The account maintained on the books of the Company for each Director pursuant to Article V.

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Deferred Fee Account means the portion of a Participant’s Account that is separately accounted for and to which Deferred Fees are credited.

Deferred Fee Account means an unfunded deferred compensation account established by the Company on behalf of each Non-Employee Director who makes a Deferral Election. The Company may establish more than one Deferred Fee Account on behalf of any Non-Employee Director who submits a Modified Election Form in accordance with Section 2.3.2 to modify his or her election as to the Distribution Date with respect to Compensation to be earned and payable thereafter. Each Deferred Fee Account shall consist of one or more Subaccounts established in accordance with Section 2.2.2.

Examples of Deferred Fee Account in a sentence

• As soon as practicable after the end of each Plan Year, a statement shall be furnished to each Director or, in the event of his or her death, to his or her Beneficiary showing the status of his or her Deferred Fee Account as of the end of the Accounting Period, any changes in such Account since the end of the immediately preceding Accounting Period, and such other information as the Administrator shall determine.

• Each Deferred Fee Account to which Fees have been credited in dollar amounts shall be increased by the amount of interest earned since the immediately preceding Accounting Date.

• No member of the Administrator shall act in respect of his or her own Deferred Fee Account or his or her own Deferred Share Account.

• Interest for the period prior to the first Accounting Date applicable to a Deferred Fee Account shall be prorated.

• A Director shall be 100% vested in his or her Deferred Fee Account at all times.

More Definitions of Deferred Fee Account

Deferred Fee Account means an account established in the name of the Investor Servicer under subsection 6.01 hereof for each Fiscal Year for which an election was made pursuant to subsection 2.02 hereof and shall constitute a bookkeeping account, the records of which will reflect the amount of the deferred Total Compensation and the amount of the deemed earnings or losses, if any, that relate to such amounts.

Deferred Fee Account means an unfunded deferred compensation account established by the Company on behalf of each Non-Management Director who makes a Deferral Election with respect to the Retainer Fee or Meeting Fees. The

Deferred Fee Account means a bookkeeping account established by the Company or a Affiliate which maintains record of deferred Director's Fees including expenses and earnings. All amounts credited to a Director's Deferred Fee Account shall constitute a general, unsecured liability of the Company or of the Affiliate for which the Director serves when Director's Fees are deferred.

Deferred Fee Account means a bookkeeping account established by the Company or an Affiliate which maintains record of deferred Director’s Fees including expenses and earnings, gains and losses. All amounts credited to a Director’s Deferred Fee Account shall constitute a general, unsecured liability of the Company or of the Affiliate for which the Director serves when Director’s Fees are deferred.

Deferred Fee Account means, with respect an Independent Trustee, the book entry account established under the Plan to which shall be credited such Independent Trustee’s Elective Deferrals. Mandatory Deferrals allocated to any Independent Trustee shall also be credited to such Independent Trustee’s Deferred Fee Account.

Deferred Fee Account means a bookkeeping account established by the Company in the name of a Director for Fees deferred hereunder and Interest accrued thereon.

Deferred Fee Account means an account established on the books of the Company for the Director as provided in section 3 hereof.