Deferral Account. The amount deferred by the Employee, if any, shall be allocated to the Employee's Deferral Account as of the last day of each month in which the Employee would have received the amount deferred but for his election to defer.
Appears in 2 contracts
Sources: Restricted Stock Grant and Executive Deferred Compensation Agreement (Texas Meridian Resources Corporation), Restricted Stock Grant and Executive Deferred Compensation Agreement (Texas Meridian Resources Corporation)