Common use of Maximum and Minimum Deferrals Clause in Contracts

Maximum and Minimum Deferrals. A Participant may elect to defer up to 75% of his Cash-Incentive Bonus and up to 50% of his other Compensation. The Committee may establish a minimum dollar amount or percentage of Compensation that a Participant may elect to defer.

Appears in 2 contracts

Sources: Non Qualified Restorative Retirement Savings Plan (Apache Corp), Non Qualified Retirement/Savings Plan (Apache Corp)