Deferred Part definition

Deferred Part means a part of the Bonus subject to deferredpayment in tranches made in the calendar years following the calendar year in which the Bonus amount was determined;
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Deferred Part means a part of the Bonus subject to deferred
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Examples of Deferred Part in a sentence

  • Both the Upfront Part and the Deferred Part of the Variable Compensation are partially (at least 50%) paid out in Shares (as defined in the Plan Rules).

  • The Upfront Part represents 40% of the Variable Compensation amount awarded to the Employee and the Deferred Part represents 60% of the Variable Compensation awarded to the Employee.

  • Deferred Part: means the part of the Variable Compensation which will be paid in equal parts during the three (3) subsequent years following the year after the Plan Year, if and to the extent the Performance Indicators have been achieved in accordance with these Plan Rules.

  • A tiered three year vesting schedule applies to the Deferred Part following the year of payment of the Upfront Part.

  • The Deferred Part will be vested within 5 years: ● 20% of the Deferred Part after 1 year of deferral,● 20% of the Deferred Part after 2 years of deferral,● 20% of the Deferred Part after 3 years of deferral,● 20% of the Deferred Part after 4 years of deferral,● 20% of the Deferred Part after 5 years of deferral.

  • The first vesting of the Deferred Part upon fulfilment of stated conditions will occur in 2022.

  • This links exceptions to statutory conditions that have previously been applicable implicitly because of the link of local Bay Act programs with police and zoning powers.

  • The Contractor may invoice the Deferred Part of the Price after the completion of the testing operation of the Work or of the Goods no later than after six months from the acceptance of the Work or of the Goods by the Client, whereas the provisions of Sections 2.3 through 2.9 and Sections 8.1 through 8.4 shall apply accordingly.

  • Deferred Part: means the part of the Variable Compensation which will be deferred and paid out or vest in equal parts during the three (3) subsequent years following the year after the Plan Year.

  • If a plan based on financial instruments has been approved, at least 20% of the Deferred Part will be composed of financial instruments.

Related to Deferred Part

  • 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.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

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

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

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • 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.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Accumulated contributions means the sum of all

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Retirement fund means the "Washington law enforcement

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

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.