Stock Option Deferral Election definition

Stock Option Deferral Election means a Participant’s election to defer the receipt of Stock upon the exercise of an Option, pursuant to Article V.
Sample 1Sample 2Sample 3
Stock Option Deferral Election means, in the case of a Participant who has been granted one or more Stock Options, an election to convert the gains from the exercise of such options into a deferred payment obligation under this Plan, provided such election meets all the requirements of Section 5.1.
Sample 1
Stock Option Deferral Election means an election to defer payment of Compensation on the exercise of a Stock Option until a date specified by the Participant.
Sample 1

Examples of Stock Option Deferral Election in a sentence

  • Consequently, new insight is captured and a newfound awareness arises.

  • An Eligible Employee may file, during an enrollment period specified by the Plan Administrator, an irrevocable election (a "Stock Option Deferral Election") with the Plan Administrator.

  • A Participant who wishes to receive payment of all or part of the Participant's deferred Stock Option Compensation on a date earlier than that specified in the Stock Option Deferral Election may do so by filing with the Plan Administrator a request for early withdrawal.

  • A Participant may designate on the Stock Option Deferral Election that distribution of the Stock Option Deferral Account shall be made either in a lump sum or in annual installments over a period of years not to exceed ten if the Participant elects distribution to be made after the Participant's regular retirement date or early retirement date as defined in Sec.

  • If a Participant dies before receiving all payments under the Plan, payment of the balance in the Stock Option Deferral Account shall be made to the Participant's designated beneficiary in the form and manner designated in the Stock Option Deferral Election or in a lump sum at the request of the designated beneficiary, but not sooner than 90 days following the date of the Participant's death.

  • Should the option be unexercised, the Stock Option Deferral Election is canceled.

  • A Participant may designate on the Stock Option Deferral Election that distribution of the Stock Option Deferral Account shall be made in either a lump sum or annual installments over a period of years not to exceed ten if the Participant becomes disabled as described in the Norwest Corporation Long-Term Disability Plan.

  • The Stock Option Deferral Election must also specify the timing and form of distribution of the amount deferred as described in Section 7.

  • Stock Option Compensation which the Participant has elected to defer may not be received between the filing of the Stock Option Deferral Election and its effective date.

  • An Eligible Employee who has made a Stock Option Deferral Election under this Section is deemed a "Participant." Each Stock Option Deferral Election pertains only to the specific option grant(s) covered.

Related to Stock Option Deferral Election

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

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

  • 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.

  • 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.

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

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

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

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

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

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

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Plan Year means the calendar year.

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

  • 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.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

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

  • 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.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

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

  • 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.

  • Payment Election means an election pursuant to Section 5.1.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • 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.

  • Deferral Notice has the meaning set forth in Section 3(h) hereof.

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