Common use of Payment Reduction Clause in Contracts

Payment Reduction. While a Deferral Election is in effect, deferrals described in Section 3.1 shall be withheld, based upon the percentage elected, from each payment of Compensation to which the Participant would otherwise have been entitled but for his Deferral Election.

Appears in 71 contracts

Samples: Nuveen Open (Nuveen Build America Bond Fund), Nuveen California Dividend Advantage Municipal Fund 2, Nuveen Real Asset Income & Growth Fund

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Payment Reduction. While a Deferral Election is in effect, deferrals described in Section 3.1 shall be withheld, based upon the percentage or amount elected, from each payment of Compensation to which the Participant would otherwise have been entitled but for his Deferral Election.

Appears in 7 contracts

Samples: Nuveen Core Plus Impact Fund, Nuveen Multi-Asset Income Fund, Nuveen Dynamic Municipal Opportunities Fund

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