Bonus Deferrals definition
Examples of Bonus Deferrals in a sentence
Eligibility timing selected below shall apply uniformly to all Participant Deferrals (including Performance-Based Bonus Deferrals), as well as Employer Matching Contributions and Other Employer Contributions, unless otherwise indicated.
To the extent elected by the Employer in the Adoption Agreement, a Participant may make a separate election with respect to his Performance-Based Bonus Deferrals for each year (as adjusted for gains and losses thereon) that provides for a different method of distribution from the method of distribution he elects with respect to his Compensation Deferrals (as adjusted for gains and losses thereon) for that year.
Performance-Based Bonus Deferrals shall be credited to the Participant’s Compensation Deferral Account as soon as administratively feasible after such amounts would have been payable to the Participant.
The amount of Bonus Deferrals shall be elected by the Member by agreeing to accept a reduction in Bonus equal to a stated whole percentage in his Bonus Deferral Agreement for that year, which is not less than five percent (5%) or one hundred (100) shares of Common Stock nor more than ninety (90%) of Bonus.
The parties acknowledge and agree that the amount credited to Executive’s account as of his Retirement Date shall include any Bonus Deferrals (as defined in the EDCP) with respect to Executive’s 2007 MIP bonus and the associated Company Match, and the value of any earnings to be credited to his account with respect to such amounts.
Elective Deferrals shall be credited as of the end of each payroll period, and Bonus Deferrals shall be credited as of the date on which the Bonus would otherwise be paid.
The Deemed Investment Options shall be for the sole purpose of determining the Credited Investment Return (Loss) and neither the Trustee nor the Company shall have any obligation to invest the Executives' Salary or Bonus Deferrals in the Deemed Investment Options or in any other investment.
A Participant shall have the right to change the deemed investment of his Deferred Compensation Account and the allocation of future Supplemental Salary Deferrals, Matching Contributions and Bonus Deferrals among investments by notice to the Compensation Committee in such form as required by the Compensation Committee.
All Deferral Forms for Elective and Bonus Deferrals must be timely filed, recorded or otherwise made in the manner prescribed by the Plan Administrator.
Those contributions to the Plan, as authorized in the Joinder Agreement, made pursuant to Part III of this Plan Document, and allocated to the Accounts of Participants entering into an Elective Deferral Agreement authorizing Bonus Deferrals.