Deferral Accounts. Each Fund shall establish one or more bookkeeping Deferral Accounts to which will be credited an amount equal to the Trustee’s Compensation Deferrals under this Agreement made with respect to Compensation earned from each such Fund. Compensation Deferrals shall be allocated to the Deferral Accounts on the first business day following the date such Compensation Deferrals are withheld from the Trustee’s Compensation. Compensation Deferrals in consecutive years shall be allocated to a single Deferral Account for each Trustee. As of the date of this Agreement, the Deferral Accounts also shall be credited with the amounts credited to the Trustee under each other outstanding elective deferred compensation agreement entered into by and between the Funds and the Trustee which is superseded by this Agreement pursuant to Section 6.11 hereof. The Deferral Accounts shall be debited to reflect any distributions from such Accounts. Such debits shall be allocated to the Deferral Accounts as of the date such distributions are made.
Deferral Accounts. Westcoast will maintain for accounting and toll-making purposes the cost of service and revenue deferral accounts in 2011, 2012 and 2013 set out in sections 4.2 and 4.3. It is the intent of the parties that the year end balance of each deferral account will, together with interest thereon, flow-through to the account of shippers (and thus be reflected in the calculation of the revenue requirement and the final tolls) for 2012, 2013 and 2014, respectively, in accordance with the existing methodology, provided that the Stakeholders will not be precluded from reviewing and making submissions to the Board concerning the reasonableness of the year-end balance of any of the deferral accounts set out in sections 4.2 and 4.3. Interest on the deferral balances will be calculated monthly based on Westcoast’s rate of return on rate base.
Deferral Accounts. A Deferral Account, as defined in Section 1.7 herein, shall be established for each Participant. The Deferral Account shall be credited with the applicable portion of the Annual Deferral as of the approximate date such amounts would otherwise have been paid to the Participant. Deferral Accounts shall, except as otherwise provided in the Plan, be adjusted by the Crediting Rate in effect for each Plan Year, from the approximate date such deferrals would have been paid through the earlier of the Participant's date of death or the following Valuation Date. Notwithstanding anything in this paragraph to the contrary, the Committee may, in its sole discretion, establish administrative rules for the purpose of crediting Deferral Accounts.
Deferral Accounts. The Administrative Committee shall establish a Deferral Account for each Participant. The portion of each Participant's Director's Fees deferred pursuant to Article III shall be credited to the Participant's Deferral Account as of the applicable Deferral Date. The Administrative Committee shall maintain records for each Deferral Account until the balance of the Deferral Account has been paid in full pursuant to Article V. The Administrative Committee shall provide each Participant a written statement reflecting the amounts credited to his or her Deferral Account at least annually. The Administrative Committee may engage the services of any third parties it deems appropriate to provide assistance with record keeping.
Deferral Accounts. The Company will establish a "Deferral Account" for each Participant. The Deferral Account will be credited with:
Deferral Accounts. The Administrative Committee shall establish a Deferral Account for each Participant. The portion of each Participant's Base Salary and Bonus deferred pursuant to Article III (Deferral of Base Salary or Bonus) shall be credited to his or her Deferral Account as of the applicable Deferral Date. The Administrative Committee may establish subaccounts within each Deferral Account for each Deferral Year, as may be necessary to properly record each Participant's deferral. The Administrative Committee shall maintain records for each Deferral Account and any subaccounts until the balance of the Deferral Account has been paid in full pursuant to Article V (Payments). The Administrative Committee may engage the services of any third parties it deems appropriate to provide assistance with record keeping.
Deferral Accounts. (i) The payment required by Section 4(a) will not be paid currently to Executive. Instead, the amount of such payment will be paid in a single lump sum into a trust established under the Intrado Inc. Nonqualified Deferred Compensation Plan (the “DCP”), and the amount of such payment shall be credited to a separate account or sub-account established and maintained for Executive under the DCP (the “Deferral Account”). The Deferral Account, including deemed earnings thereon, shall be accounted separately from any other account or sub-account maintained for Executive under the DCP. Except as otherwise provided in this Section 4(b), the Deferral Account shall become payable during the Non-Compete Period defined in subsection 5(a), below, as follows: The first distribution date shall occur on the first day that occurs more than six (6) months from the termination date. A distribution date shall also occur on each monthly anniversary of the first distribution date until the Deferral Account is fully distributed. The amount of the Deferral Account payable to Executive on the first distribution date shall be equal to the product of (a) entire balance of the Deferral Account (including deemed earnings therein) and (b) six (6) divided by the total number of months in the Non-Compete Period. The amount of the Deferral Account that becomes payable to Executive on each subsequent distribution date shall be equal to the product of (x) the entire remaining balance of the Deferral Account (including deemed earnings therein) and (y) one (1) divided by the number of calendar months in the Non-Compete Period remaining after the preceding distribution date. Any portion of the Deferral Account that becomes payable under this Section 4(b) shall be paid as soon as administratively practicable after the date that it becomes payable but no later than five (5) business days after that date.
Deferral Accounts. There shall be established and maintained for --------- ----------------- each Director a Fee Deferral Account to which shall be credited amounts equal to the Director's Fee Deferrals, together with the deemed earnings described in Section 3. There shall also be established and maintained for each Director a Stock Deferral Account to which shall be credited the number of shares of Employer stock equal to the Director's Stock Deferrals, as adjusted pursuant to section 3(b). A Director shall always be one hundred percent (100%) vested in his Fee Deferral Account (and the interest deemed credited thereto) and his Stock Deferral Account.
Deferral Accounts. For each Participant who elects a deferral, the Company will establish and maintain book entry accounts which will reflect the deferred Award and any interest credited to the Participant's account. Each Participant with a deferral account under this Article shall have an unsecured claim for benefits from the Company, in accordance with Section 8.J. below. The Company shall, if it so desires, be entitled to reimbursement from any Employer for any benefits paid under this Plan to, or on behalf of, any Executive who is or was employed by that Employer.
Deferral Accounts. Westcoast will maintain for accounting and toll making purposes the cost of service and revenue deferral accounts in 2020 and 2021 set out in Sections 4.2 and 4.3. It is the intent of the parties that the year-end balance of each deferral account will, together with interest thereon, flow through to the account of shippers (and thus be reflected in the calculation of the revenue requirement and the final tolls) for 2021 and 2022, respectively, in accordance with the existing methodology, provided that the Stakeholders will not be precluded from reviewing and making submissions to the CER concerning the reasonableness of the year-end balance of any of the deferral accounts set out in Sections 4.2 and 4.3. In this regard, in the event that the Xxxxxxx Incident Insurance Recoveries Deferral Account records total insurance recoveries of less than the $30.000 million credit referenced in section 2.1(c), Westcoast will provide the Stakeholders with access to the final insurance claims adjustment report for the claim. Interest on the deferral balances will be calculated monthly based on Westcoast’s rate of return on rate base.
