Nonelective Deferred Compensation. The Compensation Committee may in its discretion determine for any Plan Year to make an additional credit to a Participant’s Retirement Distribution Account as Nonelective Deferred Compensation, which amount may be a different amount or percentage (including no amount) for each Participant, as the Compensation Committee shall in its sole and absolute discretion determine. Nonelective Deferred Compensation shall be credited to a Participant’s Retirement Distribution Account monthly or on such other schedule as the Compensation Committee shall determine.
Appears in 3 contracts
Sources: Executive Deferred Compensation Plan (CubeSmart, L.P.), Executive Deferred Compensation Plan (U-Store-It Trust), Executive Deferred Compensation Plan (U-Store-It Trust)