Election to Defer Payment. Notwithstanding paragraph 3(a), at the discretion of the Committee and in accordance with the Plan, Code Section 409A and such rules established by the Committee, the Director may elect to further defer delivery of the proceeds due with respect to his or her vested Stock Units by properly completing and submitting a Stock Unit Deferral Election Form (the “Election Form”) to the Company in accordance with the directions on the Election Form and the procedures established by the Committee.
Appears in 7 contracts
Samples: Director Stock Unit Agreement (Gap Inc), Director Stock Unit Agreement (Gap Inc), Director Stock Unit Agreement (Gap Inc)
Election to Defer Payment. Notwithstanding paragraph 3(a), at the discretion of the Committee and in accordance with the Plan, Code Section 409A Plan and such rules established by the Committee, the Director may elect to further defer delivery of the proceeds due with respect to his or her vested Stock Units by properly completing and submitting a Stock Unit Deferral Election Form (the “Election Form”) to the Company in accordance with the directions on the Election Form and the procedures established by the Committee.
Appears in 3 contracts
Samples: Stock Unit Agreement (Gap Inc), Director Stock Unit Agreement (Gap Inc), Stock Unit Agreement (Gap Inc)