Mandatory Deferral definition

Mandatory Deferral means the amount which may from time to time be credited to the Stock Account of an Executive in accordance with Section 3.01 and for which the Executive does not receive the option between receiving such amount as current cash compensation and deferring such amount into the Plan.

Mandatory Deferral means twenty-five percent (25%) of the award received by a Type A or Type B Participant under this Plan.

Mandatory Deferral means the amount defined in Section 3.4.

Examples of Mandatory Deferral in a sentence

• The annual Mandatory Deferral Amount shall be used to determine the number of full and partial shares of Merck Common Stock which such amount would purchase at the closing price of the Common Stock on the New York Stock Exchange on the Mandatory Deferral Date.

• Each Mandatory Deferral shall be distributed in accordance with Section 6.07.

• If an Eligible Director does not (or is not permitted to) make a form of payment election for a Mandatory Deferral, the Mandatory Deferral shall be paid in a lump sum.

• The maximum amount of compensation which an Eligible Director may defer under this Plan for any Year is the amount of any annual retainer (other than the portion of the annual retainer subject to Mandatory Deferral under and as defined in the 1997 Non-Employee Directors’ Equity Compensation and Deferral Plan) and other fees from McKesson earned by him or her in any such Year.

• The interest rate to be used shall be the rate of return realized by the Mandatory Deferral Accounts during the three-month period ended within the last preceding Plan Quarter.

More Definitions of Mandatory Deferral

Mandatory Deferral means the mandatory amount credited to each Participant's Deferred Compensation Account with respect to any Plan Year, pursuant to the terms of Section 4(B) of the Plan.

Mandatory Deferral means the amount or percentage of each Director’s Compensation required to be deferred into Share Units as annually determined by the Board based upon the recommendation of the Committee.

Mandatory Deferral means the amount required to be deferred by a Participant pursuant to Article III.

Mandatory Deferral means the deferral of the delivery of Annual Bonus Shares pursuant to Section 5(d) of the Plan.

Mandatory Deferral means any Bonus, LTIP Amount, RSU, or such other compensation that the Company requires a Participant to defer under the terms of an applicable incentive plan arrangement.

Mandatory Deferral means the amount of a Senior Executive's Total Compensation that must be deferred in accordance with Section 4.7 to reduce the Senior Executive's estimated annual Total Compensation to an amount that does not exceed one million dollars ($1,000,000) (calculated in accordance with Section 162(m) of the Code) for the taxable year.

Mandatory Deferral means the mandatory amount credited to each Participant’s Deferred Compensation Account with respect to any Plan Year prior to 2004.