Deferral Election Agreement definition

Deferral Election Agreement means the agreement described in Section 4.1.1 in which the Participant designates the amount of his or her Compensation, if any, that he or she wishes to contribute to the Plan and acknowledges and agrees to the terms of the Plan.

Deferral Election Agreement means the agreement entered into by the Participant pursuant to Article 2.02 under which he or she elects to defer a portion of his or her Compensation under this Plan.

Deferral Election Agreement means (subject to the provisions of Article II hereof) an irrevocable written election to defer Fees signed by the Director in the form provided by the Corporation.

Examples of Deferral Election Agreement in a sentence

• In order to be effective, the Deferral Election Agreement must be completed and submitted to the Company at the time and in the manner specified by the Committee, which may be no later than the last day of the Enrollment Period.

• A separate Deferral Election Agreement must be entered into for each Plan Year that a Participant wishes to make Elective Deferrals under the Plan.

• For the Plan Year in which an individual first becomes eligible to participate in the Plan, the Committee may, in its discretion, allow the individual to enter into a Deferral Election Agreement within 30 days after he or she first becomes eligible.

• For Compensation that is earned based upon a specified performance period (for example an annual bonus) where a Deferral Election Agreement is entered into in the first year of eligibility but after the beginning of the performance period, the Deferral Election Agreement must apply to Compensation paid for services performed after the Deferral Election Agreement is entered into.

• In order to be effective, the Deferral Election Agreement must be completed and submitted to the Committee on or before the 30-day period has elapsed.

More Definitions of Deferral Election Agreement

Deferral Election Agreement means an agreement between a Participant and the Company under which the Participant agrees to defer a portion of his Compensation that is earned and payable for services performed during a Plan Year.

Deferral Election Agreement means the agreement described in Section 4.2 in which the Participant designates the amount of his or her Compensation, if any, he or she wishes to contribute to the Plan and acknowledges and agrees to the terms of the Plan.

Deferral Election Agreement means the benefit agreement described in Section 14.03 relating to a Participant's commitment to defer Covered Compensation.

Deferral Election Agreement means the agreement provided by the Administrator and executed by an Eligible Employee to elect to participate in the Plan.

Deferral Election Agreement means an agreement by a Participant to defer (i) a portion of the Participant’s Base Compensation, or (ii) a portion of a Participant’s Incentive Compensation. A Participant must enter into separate Deferral Election Agreements with respect to Base Compensation and Incentive Compensation.

Deferral Election Agreement means a deferral agreement, on such form as may be prescribed by the Committee, executed and filed by a Participant prior to the beginning of the first period for which the Participant’s Director Compensation is to be deferred pursuant to this Program. A new Deferral Election Agreement shall be executed and filed by a Participant for each Director Compensation deferral election.

Deferral Election Agreement means the written agreement entered into between an Eligible Employee and the Company pursuant to which the Eligible Employee elects to make Deferral Contributions to this Plan.