Common use of Deferred Compensation Benefit Clause in Contracts

Deferred Compensation Benefit. So long as Executive remains employed by Xxxxxx Group hereunder, Executive shall be entitled to receive an annual deferred compensation credit of eight hundred thousand dollars ($800,000) (the “Deferred Compensation Benefit”) under the Deferred Compensation Plan per year. Each such Deferred Compensation Benefit shall be credited to an account established for Executive under the Deferred Compensation Plan (the “Deferral Account”) in four (4) equal installments of two hundred thousand dollars ($200,000) each, on January 14, April 14, July 14 and October 14 of each year (or partial year) during the Term. Notwithstanding anything set forth in this Agreement, or the Deferral Account to the contrary, on each date that any Deferred Compensation Benefit is credited to the Deferral Account, Executive shall be vested in, but not then entitled to payment of, such credited amount. Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation, subject to Section 3(a)(ii) of the Agreement) as any elective deferrals of Base Salary and annual bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section l(b)(iii) of the Agreement.

Deferred Compensation Benefit. So long as Executive remains employed by Xxxxxx Group Employer hereunder, Executive shall be entitled to receive an annual deferred compensation credit of eight hundred thousand dollars ($800,000) 800,000 (the “"Deferred Compensation Benefit”") under the Deferred Compensation Plan per yearin respect of the Contract Year beginning on October 15, 2003 and each full (or partial) Contract Year occurring thereafter. Each such Deferred Compensation Benefit shall be credited to an account established for Executive under the Deferred Compensation Plan (the “"Deferral Account”") in four (4) equal installments of two hundred thousand dollars ($200,000) 200,000 each, beginning on January 14, April 14, July 14 14, and October 14 of each year (or partial year) during the TermContract Year in respect of which such Deferred Compensation Benefit is being credited. Notwithstanding anything set forth in this Agreement, or the Deferral Deferred Account to the contrary, (A) Executive has received an additional Deferred Compensation Benefit credit in respect of the Contract Year ending on October 14, 2003, of which one half was credited on each of July 14, 2003 and October 14, 2003 and (B) on each date that any Deferred Compensation Benefit is credited to the Deferral Account, Executive shall be vested in, but not then entitled to payment of, such credited amount. Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation, limitation but subject to Section 3(a)(ii) of the Agreementbelow) as any elective deferrals of Base Salary and annual bonus Guaranteed Bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section l(b)(iii1(b)(iii) of the Agreementabove.

Deferred Compensation Benefit. So long as Executive remains employed by Xxxxxx Group Employer hereunder, Executive shall be entitled to receive an annual deferred compensation credit of eight hundred thousand dollars ($800,000) 800,000 (the “"Deferred Compensation Benefit”") under the Deferred Compensation Plan per yearin respect of the Contract Year beginning on October 15, 2003 and each full (or partial) Contract Year occurring thereafter. Each such Deferred Compensation Benefit shall be credited to an account established for Executive under the Deferred Compensation Plan (the “"Deferral Account”") in four (4) equal installments of two hundred thousand dollars ($200,000) 200,000 each, beginning on January 14, April 14, July 14 and October 14 of each year (or partial year) during the TermContract Year in respect of which such Deferred Compensation Benefit is being credited. Notwithstanding anything set forth in this Agreement, or the Deferral Account to the contrary, (A) Executive has received an additional Deferred Compensation Benefit credit in respect of the Contract Year ending on October 14, 2003, of which one half was credited on each of July 14, 2003 and October 14, 2003 and (B) on each date that any Deferred Compensation Benefit is credited to the Deferral Account, Executive shall be vested in, but not then entitled to payment of, such credited amount. Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation, limitation but subject to Section 3(a)(ii) of the Agreementbelow) as any elective deferrals of Base Salary and annual bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section l(b)(iii1(b)(iii) of the Agreementabove.

Deferred Compensation Benefit. So long as Executive remains employed by Xxxxxx Group Employer hereunder, beginning on October 15, 2003, Executive shall be entitled to receive an annual deferred compensation credit of eight hundred thousand dollars ($800,000) 800,000 (the “"Deferred Compensation Benefit”") under the Deferred Compensation Plan per yearin respect of the Contract Year beginning on October 15, 2003 and each full (or partial) Contract Year occurring thereafter. Each such Deferred Compensation Benefit shall be credited to an account established for Executive under the Deferred Compensation Plan (the “"Deferral Account”") in four (4) equal installments of two hundred thousand dollars ($200,000) 200,000 each, beginning on January 14, April 14, July 14 14, and October 14 of each year (or partial year) during the TermContract Year in respect of which such Deferred Compensation Benefit is being credited. Notwithstanding anything set forth in this Agreement, or the Deferral Account Agreement to the contrary, Executive shall be (A) entitled to receive an additional Deferred Compensation Benefit credit in respect of the Contract Year ending on October 15, 2003, of which one-half shall be credited on each of July 14, 2003 and October 14, 2003 and (B) on each date that any Deferred Compensation Benefit is credited to the Deferral Account, Executive shall be vested in, but not then entitled to payment of, such credited amount. Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation, limitation but subject to Section 3(a)(ii) of the Agreementbelow) as any elective deferrals of Base Salary and annual bonus Guaranteed Bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section l(b)(iii1(b)(iii) of the Agreementabove.

Deferred Compensation Benefit. So long as Executive remains employed by Xxxxxx Group Employer hereunder, Executive shall be entitled to receive an annual deferred compensation credit of eight hundred thousand dollars ($800,000) 800,000 (the “"Deferred Compensation Benefit”") under the Deferred Compensation Plan per yearin respect of the Contract Year beginning on October 15, 2003 and each full (or partial) Contract Year occurring thereafter. Each such Deferred Compensation Benefit shall be credited to an account established for Executive under the Deferred Compensation Plan (the “"Deferral Account”") in four (4) equal installments of two hundred thousand dollars ($200,000) 200,000 each, beginning on January 14, April 14, July 14 and October 14 of each year (or partial year) during the TermContract Year in respect of which such Deferred Compensation Benefit is being credited. Notwithstanding anything set forth in this Agreement, or the Deferral Account to the contrary, (A) Executive has received an additional Deferred Compensation Benefit credit in respect of the Contract Year ending on October 14, 2003, of which one half was credited on each of July 14, 2003 and October 14, 2003 and (B) on each date that any Deferred Compensation Benefit is credited to the Deferral Account, Executive shall be vested in, but not then entitled to payment of, such credited amount. Subject to the foregoing, all Deferred Compensation Benefits shall otherwise be treated under the Deferred Compensation Plan in the same manner (including, without limitation, limitation but subject to Section 3(a)(ii) of the Agreementbelow) as any elective deferrals of Base Salary and annual bonus amounts made by Executive under the Deferred Compensation Plan as provided in Section l(b)(iii1(b)(iii) of the Agreement.above. (d) U.K.