Initial Deferral Election definition

Initial Deferral Election means a written election on a form provided by the Committee, pursuant to which a Grantee: (i) elects, within the time or times specified in Paragraph 8(a)(i), to defer the distribution date of Shares issuable with respect to Restricted Stock Units; and (ii) designates the distribution date of such Shares.
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Initial Deferral Election means a deferral election that is made in accordance with Sections 5.1 through 5.5(a).
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Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to (i) the deferral of Salary, Director Fees and/or Bonus, as applicable, under the Plan, and/or (ii) the time and form of distribution of Company Mandatory Contributions, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.
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Examples of Initial Deferral Election in a sentence

  • Distributions from a Calendar Year Subaccount to which Post-2004 Deferrals are credited will be made in a single sum, unless the Participant elects on the applicable Initial Deferral Election Form to receive distributions from such Calendar Year Subaccount in a number of quarterly installments (not to exceed 40).

  • A Participant may revise the Initial Deferral Election Form with respect to any particular Calendar Year Subaccount to which Post-2004 Deferrals are credited, subject to the requirements of this Section 6.2, by delivering to the Committee a Subsequent Deferral Election Form, which shall be substantially in the form of Exhibit E attached hereto.

  • Notwithstanding any other provision of this Plan to the contrary, a Participant may not revise his or her Initial Deferral Election Form if such revision would have the effect of accelerating any distribution (or portion thereof), except to the extent permitted under Section 409A and the regulations thereunder.

  • Each Board Member may elect to defer all or a portion of the Fees that, absent deferral, would be paid to him or her for services rendered during the next following calendar year by completing an Initial Deferral Election Form and returning it to the Committee on or before the December 31 preceding the calendar year during which the amounts to be deferred, absent deferral, would be paid to the Board Member.

  • Each individual who first becomes a Board Member during a calendar year may elect to defer Fees that, absent deferral, would be paid to him or her during the remainder of such calendar year by completing an Initial Deferral Election Form and returning it to the Committee on or before the date that is 30 days after the date on which he or she first became a Board Member.

  • Subject to Article VI and the requirements of this Section 5.3, the Participant’s Post-2004 Deferrals credited to a particular Calendar Year Subaccount shall be payable to him or her at the time and in the manner specified in his or her Initial Deferral Election Form related to the particular calendar year.

  • Unless the Initial Deferral Election Form specifically provides otherwise, a Board Member must complete an Initial Deferral Election Form in accordance with Section 3.1(a) for each calendar year in which such Board Member desires to defer Fees and a Board Member’s elections with respect to Fees deferred in a particular calendar year shall expire as of the last day of such calendar year.

  • An Initial Deferral Election, if submitted to the Committee earlier than the dates specified above, may be changed by the Director at any time prior to the date specified above.

  • An Initial Deferral Election shall remain valid with respect to Fees earned in succeeding Plan Years until revoked or revised by the Director in compliance with the deadlines and other provisions of the Plan.

  • As part of the Grantee’s Initial Deferral Election or Regular Deferral Election, the Grantee may elect that Shares subject to such Award be withheld by the Company to the extent necessary to pay such employment tax liabilities (on a fully grossed-up basis to cover income and other withholding tax liabilities that may arise in connection with such an event), notwithstanding that such Shares may not yet have vested and become deliverable in accordance with the terms of the Award.


More Definitions of Initial Deferral Election

Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to (i) the deferral of Salary, Director Fees, Bonus, Base Guaranteed Payments, and/or other items of Compensation that the Committee has approved for deferral to the Plan and/or (ii) the time and form of distribution of Company Mandatory Contributions, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.
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Initial Deferral Election means an Eligible Employee’s valid election, made on an Election Form, with respect to the deferral and time and form of distribution of Compensation under the Plan (and with respect to the time and form of distribution of any Company Matching Contributions and any Discretionary Contributions, each as applicable), in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.
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Initial Deferral Election means the irrevocable election of the Participant, filed with the Administrator at least 30 days prior to the date of his Separation, to receive the payment of his Accrued Benefit 90 days after the Valuation Date following his Separation."
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Initial Deferral Election means the initial irrevocable election filed by the Participant under Section 4.01 or Section 4.02 of the Plan pursuant to which a portion of his or her Base Salary or Incentive Compensation, as applicable, for the Plan Year is to be deferred in accordance with the provisions of the Plan.
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Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to the deferral of Salary, Commission and/or Bonus, as applicable, under the Plan, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.
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Initial Deferral Election means a Participant's valid initial election pursuant to Section 9.l(b) of the form in which his Post-2004 Benefit is to be paid.
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Related to Initial Deferral Election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Payment Election means an election pursuant to Section 5.1.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Plan Year means the calendar year.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Primary election means any regular primary election held under the election

  • Deferral Agreement means an irrevocable agreement entered into between a Nonemployee Director and the Company to authorize the Company to reduce the amount of the Nonemployee Director’s Annual Retainer and credit the amount of such reduction to the Plan consistent with the requirements of Section 409A of the Code. A Deferral Agreement shall contain such provisions, consistent with the provisions of the Plan, as may be established from time to time by the Company or the Board, including without limitation:

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.