Cash Deferral Account definition

Cash Deferral Account means the subaccount established and maintained by the Company for specified deferrals of cash compensation by a Participant, as described in Article III. A Cash Deferral Account will be maintained solely as a bookkeeping entry by Company to evidence unfunded obligations of Company.

Cash Deferral Account means the account credited with Salary Deferrals, cash Bonus Deferrals and cash Long-Term Incentive Deferrals and the earnings credited to that Account pursuant to Section 3.03.

Cash Deferral Account means the account established and maintained by the Company for each Participant, which is to be credited, as set forth in Section 7, with the portion of a Participant’s Annual Fees which is payable in cash and deferred pursuant to the Plan. Amounts credited to a Participant’s Cash Deferral Account will be expressed as a dollar amount. Cash Deferral Accounts will be maintained by the Company solely as bookkeeping entries.

Examples of Cash Deferral Account in a sentence

• Interest will accrue on unpaid amounts in the Cash Deferral Account from the date credited to such Account.

• Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage, or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt, any Cash Deferral Account under the Plan, if any, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and non-transferable.

• That the distribution of the Cash Deferral Account commence the calendar year following the calendar year of Retirement in up to (10) installments.

• Notwithstanding Article 4 to the contrary, if an Employee is an Eligible Employee on September 30, 2004, the Employee may make an election under Article 4 on or prior to December 15, 2004, with respect to the establishment of a Cash Deferral Account for the contribution of Base Compensation and/or Incentive Awards that would otherwise be paid during the period from January 1, 2005, through January 15, 2006, which shall be the Plan Year for such Cash Deferral Account.

• If no timely distribution election is made by the Participant, then the Participant will be deemed to have made an election to have the Cash Deferral Account distributed in a single installment in the first calendar year after the calendar year Employee Contributions were first made.

More Definitions of Cash Deferral Account

Cash Deferral Account means an account maintained in the Special Ledger for a Director to which cash equivalent amounts allocable to the Director under this Plan are credited.

Cash Deferral Account means the account or subaccount established and maintained by the Company for specified deferrals of cash compensation by a Participant, as described in Section 6. Cash Deferral Accounts will be maintained solely as bookkeeping entries by the Company to evidence unfunded obligations of the Company.

Cash Deferral Account means: (i) the sum of all of a Participant’s Annual Cash Deferral Amounts; plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant’s Cash Deferral Account; less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her Cash Deferral Account.

Cash Deferral Account means the Mutual Fund Account or the Stock Account.

Cash Deferral Account means the record maintained by or for the Company of each Participant's Deferrals, as defined in Section 2.10, (including deferrals from the Prior Plan, as defined in Section 2.24), credited interest and distributions under the Plan. A Participant's Deferrals shall be credited to his Account as of the end of the month in which the Deferral is withheld from the Participant's Covered Compensation.

Cash Deferral Account means a memorandum account established and maintained on the books of the Company to reflect amounts of an Executive's Deferral Account which have been credited in dollars and on which interest accrues, in accordance with Section 6.2 hereof;

Cash Deferral Account means the account established and maintained by the Administrator to reflect (i) the Compensation Deferrals and Cash Bonus Deferrals made by the Participant pursuant to Sections 3.1(a) and (b) hereof, and (ii) the Dividend deferrals made by the Participant pursuant to Section 4.2 hereof.