Bonus Deferral definition
Examples of Bonus Deferral in a sentence
If an Eligible Individual does not elect to make a Performance-Based Bonus Deferral during that initial 30-day period, he may not later elect to make a Performance-Based Bonus Deferral for that performance period under this subsection.
A Participant may not, at any time, revoke a previous election with respect to a Bonus Deferral Amount or Salary Deferral Amounts.
For avoidance of doubt, Base Salary shall not include any Annual Bonus or portion thereof deferred under the Company’s Bonus Deferral Program or payments or benefits under this Agreement.
The Company or Plan Administrator shall establish and maintain a Bonus Deferral Subaccount for each Participant under the Plan.
A Participant shall be 100% vested at all times in his or her Bonus Deferral Subaccount.