Compensation Deferred. During each year of the deferral period, the participant will receive his\her current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, which is to be retained by the Board, and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2, by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.
Compensation Deferred. During each Participant’s Deferral Period, the Company will, in addition to withholding amounts otherwise required by law to be withheld, withhold from the total salary and wages, calculated before tax and any such other amounts are deducted, that it would otherwise pay to the Participant from time to time in respect of services rendered by the Participant to the Company during his Deferral Period, the Participant’s Specified Percentage thereof.
Compensation Deferred. (a) PACEL desires to recognize the contributions of XXXXXXX from the date of incorporation to the date of this Agreement, particularly the performance of services as little or no compensation during the formative years. Accordingly, the following deferred benefits have been granted in consideration of such prior services and are not dependent upon completion of the terms of this Agreement.
Compensation Deferred. The Company shall establish a bookkeeping account to record Employee’s rights to deferred compensation under this Agreement. Employee and the Company agree that:
Compensation Deferred. (a) NISCO xxxxxes to recognize the contributions of DEBELLA xxxx the date of incorporation to the date of this Agreement, particularly the performance of services at little or no compensation during the formative years. Accordingly, the following deferred benefits have been granted in consideration of such prior services and are not dependent upon completion of the terms of this Agreement.
Compensation Deferred. Effective May 19, 1986 and until the earlier of the Director's death or termination of this Agreement, the Director agrees to defer all compensation for his future services up to but not exceeding the sum of Twenty Thousand and No/100 ($20,000.00) Dollars. Except however, if within thirty (30) days prior to the end of any fiscal year of the Association subsequent to the date hereof, the Director shall notify the Association in writing that an amount less than his full compensation for his services for the ensuing year is to be deferred, only such lesser amount in such ensuing year shall be deferred.
Compensation Deferred. During the term of her employment, the Board shall pay the Director of Schools an amount equal to 10% of her base salary, but not to exceed the maximum dollar amount allowed under federal and state law, that can be used for a tax deferred annuity or other qualified deferred compensation plan selected by the Director of Schools. This will be paid in equal installments at each pay period.
Compensation Deferred. During each school year prior to the leave of absence, the Participant, for a maximum of six school years will receive their Current Compensation Amount, less the percentage amount which the Participant has specified in the Memorandum of Agreement for the school year in question which is to be retained by the School Division. Such percentage amount will be retained by the School Division and be invested in accordance with clause 3.3.
