Definition of Annual Participant Deferral Percentage


Annual Participant Deferral Percentage shall mean the percentage of Eligible Compensation a Participant elects to defer in respect of a particular Plan Year pursuant to Article 3.02.

Examples of Annual Participant Deferral Percentage in a sentence

To the extent permitted by the Committee and subject to the terms and conditions provided by the Committee, an Eligible Financial Advisor for a given Plan Year may make an election to defer a percentage of his or her Eligible Compensation for such Plan Year (the Annual Participant Deferral Percentage).
To the extent permitted by the Committee and subject to the terms and conditions provided by the Committee, a Participant for a given Plan Year may make an election to defer a percentage of his or her GDC for such Plan Year (the Annual Participant Deferral Percentage).
The aggregate amount that the Participant elected to defer prior to the commencement of a given Plan Year based on the Participants Annual Participant Deferral Percentage multiplied by the Participants aggregated earned GDC for such Plan Year (the Elected Amount) will be credited to the Participants Annual Deferral Account in accordance with Section 3.02 below.
To the extent permitted by the Committee and subject to the terms and conditions provided by the Committee, an Eligible Financial Advisor for a given Plan Year may make an election to defer a percentage of his or her GDC for such Plan Year (the Annual Participant Deferral Percentage).