KSI Deferred Compensation Plans definition

KSI Deferred Compensation Plans means the Kaneb Services, Inc. 1996 Supplemental Deferred Compensation Plan, the Kaneb Services, Inc. Non-Employee Directors Deferred Stock Unit Plan, the Kaneb Services, Inc. Deferred Stock Unit Plan, and any other nonqualified deferred compensation plans that the Company may adopt in the future.
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KSI Deferred Compensation Plans means the Kaneb Services, Inc. Deferred Stock Unit Plan, the Kaneb Services, Inc. Non-Employee Directors Deferred Stock Unit Plan and the Kaneb Services, Inc. 1996 Supplemental Deferred Compensation Plan.
Sample 1Sample 2Sample 3

Examples of KSI Deferred Compensation Plans in a sentence

  • The parties agree that pursuant to section 83(h) of the Code, KSI or a KSI Company, as appropriate, shall be entitled to claim federal income taxation deductions with respect to KSL Common Shares that are issued to current or former employees of KSI or a KSI Company who are participants or former participants under either of the KSI Deferred Compensation Plans pursuant to this Agreement.

  • Effective immediately upon the expiration of the compensation deferral election period during which the Distribution occurs, KSL shall take such actions as are necessary to cause KSL and its Subsidiaries to terminate KSL's and its Subsidiaries' participation in the KSI Deferred Compensation Plans.

  • From time to time after the Distribution, KSI shall furnish KSL an updated statement that indicates the number of non-monetary units equal to those number of Common Shares deemed credited to the accounts of each participant and former participant under the KSI Deferred Compensation Plans.

  • Effective no later than the Distribution Date, KSL shall take such actions as are necessary to cause KSL and its Subsidiaries to terminate KSL's and its Subsidiaries' participation in all KSI Employee Benefit Plans other than the KSI Deferred Compensation Plans and the KSI Savings Plan.

  • After the Distribution, KSI shall furnish to KSL a statement that indicates the number of non-monetary units equal to one share of KSI Common Stock deemed to be credited to the accounts of each participant and former participant under the KSI Deferred Compensation Plans as a result of the Distribution.

  • The parties agree that neither KSL nor any KSL Company is entitled to deduct any amounts paid under or with respect to either of the KSI Deferred Compensation Plans, other than amounts paid under or with respect to the portion of the applicable KSI Deferred Compensation Plan that is in consideration of services performed for KSL or a KSL Company.

  • KSL hereby agrees that it shall not attempt to claim federal income taxation deductions with respect to KSL Common Shares that are issued by KSL pursuant to this Agreement to current or former employees of KSI or a KSI Company who are participants or former participants under either of the KSI Deferred Compensation Plans.

  • KSI shall notify KSL when the benefits of the participants and former participants who were employed by KSI or any KSI Company become distributable in the form of KSL Common Shares under any of the KSI Deferred Compensation Plans.

  • Further, shares of Stock may be issued under the Plan to participants and former participants in the KSI Deferred Compensation Plans in satisfaction of the Company’s obligations thereunder.

  • Further, shares of Stock may be issued under the Plan to participants and former participants in the KSI Deferred Compensation Plans in satisfaction of the Company's obligations thereunder.

Related to KSI Deferred Compensation Plans

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

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

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

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

  • 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.

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

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

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

  • 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).

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • 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.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

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

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.