Deferral definition
Examples of Deferral in a sentence
Subject to the terms and conditions of the Plan and Director’s acceptance of this Agreement, in connection with Director’s Fee Deferral Election, the Company hereby credits, as of the end of the calendar quarter for which Fees were payable, #QuantityGranted+C# Stock Units to Director’s Stock Unit Account.
Any notice delivered by the Holder pursuant to this Section 8(d) shall set forth (i) the Deferral Amount and (ii) the date that such Deferral Amount shall now be payable.
Director has elected to defer payment of all or a portion of such Fees (“Fee Deferral Election”) in a manner prescribed by the Committee pursuant to Section 12.3 of the Plan.
The Buyer’s right to defer Completion by delivering a Completion Deferral Notice pursuant to clause 6.1 of the SPA shall not apply where Completion is to take place on 1 September 2026.
All Stock Units credited under the Fee Deferral Election shall be at all times fully vested and nonforfeitable.