Bonus Deferral definition

Bonus Deferral means the amount of a Participant's Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.
Bonus Deferral means the percentage of a Participant’s Bonus which the Participant defers pursuant to Section 4.2 of the Plan.

Examples of Bonus Deferral in a sentence

  • If the Participant’s Bonus Deferral election is so canceled, the Participant may not again elect to make Bonus Deferrals until the first day of any Plan Year following the effective date of such cancellation (and only then by making a new Bonus Deferral election in accordance with Section 4.2(a) and 4.2(b)).

  • Except as provided in Section 4.2(c) and 4.2(e), the Participant’s election to make a Bonus Deferral for a Plan Year must be made on or before the applicable Bonus Election Date for such Plan Year and in the manner and within the time period required by the Administrator in accordance with the Nonqualified Deferred Compensation Rules.

  • If an Employee initially becomes eligible to participate in the Plan on or after the first day of a Plan Year, such Employee may, subject to Administrator approval, elect to make a Bonus Deferral of his Bonus for the remainder of the Plan Year if such Employee properly completes the election procedures required by the Administrator by his prescribed Bonus Election Date.

  • A Participant’s election to make a Bonus Deferral for a Plan Year will become effective as of the day immediately following the applicable Bonus Election Date.

  • A Participant’s Bonus Deferral election will be effected by deduction(s) from such Participant’s Bonus when the Bonus for which such election was made would otherwise be paid.


More Definitions of Bonus Deferral

Bonus Deferral means the portion of a Bonus that is deferred by a Participant under Section 4.2 with respect to a Plan Year.
Bonus Deferral means the amount of annual bonus that the Participant elects to defer under Section 4.3.
Bonus Deferral means the Bonus deferral made by a Participant pursuant to Section 4.2(b). A Participant may also defer a portion of his Bonus as a Supplemental Deferral pursuant to Section 4.2(c).
Bonus Deferral means the pre-tax deferrals of a distribution of Performance Share Awards made by a Participant under this Plan of up to one hundred percent (100%) of his Performance Share Award in accordance with Section 4.1(c).
Bonus Deferral means the amount of a Participant’s Annual Bonus Compensation which the Participant elects to have withheld and credited to his Account pursuant to Section 4.1.
Bonus Deferral means the portion of the Bonus as to which a Participant has made an annual irrevocable election to defer receipt.