Deferred Retainer definition

Deferred Retainer means the amount of a participant's annual Board retainer fees that such participant has elected to defer until a later year pursuant to an election under Section 3.3(a).

Deferred Retainer means a Retainer that is deferred by a Director pursuant to Section 3.

Deferred Retainer means the amount which the director would be entitled to receive for serving as a director in the relevant Grant Year (including attendance fees which would be paid to the eligible director for attendance at all anticipated regularly scheduled meetings of the Board of Directors and its Committees) but for the election referred to in Subsection 6.A above. “Fair Market Value” shall mean the fair market value of the Company’s Common Stock at the close of business on the relevant Grant Date as reported on the New York Stock Exchange Composite Tape.

Examples of Deferred Retainer in a sentence

• Upon termination of the Plan, distribution of Deferred Retainer Accounts and Stock Unit Accounts shall be made as described in Paragraph 5, unless the Committee determines in its sole discretion that all such amounts shall be distributed upon plan termination in accordance with the requirements under Code §409A.

• Upon termination of the Plan, no further deferrals of retainers, Stock Units or dividend equivalent amounts shall be permitted; however, earnings, gains and losses shall continue to be credited to the Deferred Retainer Account balances until the Deferred Retainer Account balances are fully distributed.

• Amounts credited to Deferred Retainer Accounts shall be paid in cash or in Common Stock, as elected by a Participant on an Election Form.

• Notwithstanding any elections by a Participant or provisions of the Plan to the contrary, if a Participant dies before full distribution of a Deferred Retainer Account or Stock Unit Account, such accounts shall be distributed to the Participant’s estate in a lump sum 60 days following the date of death.

• Distributions from Deferred Retainer Accounts shall normally commence at Separation from Service, however, a Participant may affirmatively elect a specified date for commencement, provided said date is not later than the Participant’s 70th birthday.

More Definitions of Deferred Retainer

Deferred Retainer means the amount which the optionee would be entitled to receive for serving as a director in the relevant Plan Year but for the election referred to in Section VIA above. The term "Deferred Retainer" shall not include fees associated with service on any committee of the Board of Directors nor with any other services to be provided to the Company and shall not include fees paid directors on a per-meeting-attended basis. "Fair Market Value" shall mean the mean of the highest and lowest quoted selling prices for the Company's Common Stock on the relevant Grant Date as reported on The New York Stock Exchange Composite Tape.

Deferred Retainer means the amount of the Retainer posted to the Account from time to time based upon the Director's Deferral Election to defer some or all of his or her Retainer.

Deferred Retainer means the amount which the director would be entitled to receive for serving as a director in the relevant Grant Year but for the election referred to in Subsection 6.A above. The term "Deferred Retainer" shall not include fees for attendance at meetings of the Board of Directors or any committee of the Board of Directors or for any other services to be provided to the Company. "Fair Market Value" shall mean the fair market value of the Company's Common

Deferred Retainer means the amount of a participant's Annual Retainer that such participant has elected to defer until his or her Retirement Date pursuant to an election under Section 3.2(a).

Deferred Retainer means the amount credited to a Participant's Account pursuant to a Participant's Deferred Retainer Election in accordance with Section 4.1 hereof.

Deferred Retainer. . means the amount credited to a Participant’s Account pursuant to a Participant’s Deferred Retainer Election in accordance with Section 4.1 hereof.

Deferred Retainer means the amount credited to the Special Ledger for a Director at any particular time.