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 Mandatory Deferral Amount will be measured by the Merck Common Stock account.

• 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.

• A director newly elected or appointed to the Board after the Mandatory Deferral Date will be credited with a pro rata portion of the Mandatory Deferral Amount applicable to such director’s first year of service (or part thereof).

• Such specification may always occur not later than when the Mandatory Deferral becomes irrevocable under Section 4.05(c).

• The Mandatory Deferral Account shall be credited, as of the last day of each calendar quarter, with interest calculated at the rate paid on the Investors Trust Company Money Market account for such 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 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 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 a mandatory amount credited to a Participant’s Deferred Compensation Account with respect to any Plan Year prior to 2004.

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.