Subsequent Deferral Election definition

Subsequent Deferral Election means a Participant’s election to change the time and form of his or her distribution in accordance with the requirements set forth in Section 5.6.

Subsequent Deferral Election means a written election on a form provided by the Committee, filed with the Committee in accordance with Paragraph 8(d), pursuant to which a Grantee: (i) elects, within the time or times specified in Paragraph 8(d), to further defer the distribution date of Shares issuable with respect to Restricted Stock or Restricted Stock Units; and (ii) designates the distribution date of such Shares.

Subsequent Deferral Election means the election by a Director under Section 6.2(c) to further defer the time of settlement of a Deferred Stock Unit Award.

Examples of Subsequent Deferral Election in a sentence

• Notwithstanding the foregoing, a Subsequent Deferral Election cannot accelerate any payment.

• 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.

• A Participant may make a Subsequent Deferral Election in accordance with the procedures established by the Plan Manager.

• No Subsequent Deferral Election shall be effective until 12 months after the date on which a Subsequent Deferral Election is filed with the Committee.

• In no event may a Subsequent Deferral Election result in the acceleration of any payment under the Plan, except as may be permitted by Treasury Regulations issued under Section 409A of the Code.

More Definitions of Subsequent Deferral Election

Subsequent Deferral Election means a further deferral election that is made in accordance with Section 5.5(c) and applies to an amount that was already subject to an Initial Deferral Election.

Subsequent Deferral Election means a one-time election by a Participant to change the form and/or timing of distributions under the Plan subject to and in accordance with the requirements of Section 6.2(c).

Subsequent Deferral Election means an election to change the form of payment of a Participant’s benefit under the Plan pursuant to Section 4.7.

Subsequent Deferral Election means an election by a Participant pursuant to Section 5.3 or Section 6.3, as applicable, to defer distribution to a date later than the date on which payment would have been made to the Participant under Section 5.1, 5.2 or 6.2, as applicable.

Subsequent Deferral Election means an election to change the time or form of payment of a Participant’s Account balance pursuant to Section 4.2(f).

Subsequent Deferral Election means an election, filed with the Committee on or before the date prescribed by the Committee, pursuant to which a Participant elects to (i) have the delivery of Shares attributable to Stock Units previously credited to his or her Stock Account under the Plan deferred past the then current Designated Deferral Period and/or (ii) have the payment of any Dividend Equivalent Payments previously credited to his or her Dividend Equivalent Account deferred past the then current Designated Deferral Period; provided however, that no Subsequent Deferral Election shall be valid unless (i) such Subsequent Deferral Election is made at least twelve (12) months before the scheduled expiration of the then current Designated Deferral Period, (ii) any such extension is for a period of not less than five (5) years after the end of the then current Designated Deferral Period for such Stock Units or Dividend Equivalent Payments, and (iii) such Subsequent Deferral Election has been made at least twelve (12) months prior to the date payment of his or her Stock Account would otherwise have been made.

Subsequent Deferral Election has the meaning set forth in the DC Plan.