Deferral Eligible Participant definition

Deferral Eligible Participant means a Participant who is employed by the Company or an Affiliate as a key executive, managerial or highly compensated employee and who is determined by the Administrator to qualify for inclusion in a “select group of management or highly compensated employees” as described in Sections 201(2), 301(a)(3),
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Deferral Eligible Participant means either: (i) a Top Hat Employee; (ii) a Consultant, or (iii) a Non-Employee Director, who, in each case, the Committee determines, in its sole discretion, is eligible to defer payment of an RSU granted hereunder in accordance with Section 4.
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Deferral Eligible Participant means a Participant who is employed by the Company or an Affiliate as a key executive, managerial or highly compensated employee and who is determined by the Administrator to qualify for inclusion in a “select group of management or highly compensated employees” as described in Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), who is designated by the Administrator in its discretion to be eligible to make an elective Unrestricted Stock deferral election pursuant to Section 7.2(b).
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Examples of Deferral Eligible Participant in a sentence

  • In the case of the first calendar year in which a Participant becomes a Deferral Eligible Participant, such election may be made with respect to services to be performed subsequent to the election within 30 days after the date the Participant becomes a Deferral Eligible Participant.

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  • With regard to a Deferrable RSU where a Deferral Eligible Participant defers an RSU pursuant to Section 4 hereof, subject to the Six Month Delay, the provisions of the U.S. Department of Labor Regulations Section 2560.503-1 governing claims procedures shall apply to any disputes relating to such deferral awards.

  • If a Deferral Eligible Participant makes an initial or subsequent deferral election with respect to Deferrable RSUs, the payment of Common Stock under such Award, to the extent vested, shall be made to the Deferral Eligible Participant on the applicable deferred payment date(s).

  • At the time the Deferral Eligible Participant makes an initial deferral election, he or she must make an election to defer the payment of an Award either pursuant to Section 4.2(a) or 4.2(b), and if the Deferral Eligible Participant elects the alternative under Section 4.2(a), he or she must also make a Fixed Date election at such time on the election form prescribed by the Company in accordance with Section 4.4 hereof.

  • Each Deferral Eligible Participant shall notify the Committee in writing during the November of each Award Year of his election to defer the receipt of a percentage or all of any Award to be made for the Award Year about to conclude.

  • The Company shall be under no obligation to segregate any deferred funds during the Deferral Period and each Deferral Eligible Participant should realize that such unsegregated funds are subject to the claims of the Company’s general creditors during the Deferral Period.

  • Notwithstanding anything herein to the contrary, a Deferral Eligible Participant may elect to defer, in accordance with this Section 4, the payment of shares of Common Stock following vesting of an RSU that the Committee has determined, in its sole discretion, is eligible for deferral as specifically provided in the applicable Award Agreement (a “ Deferrable RSU”).

  • Mayor Kutteh announced that long time City Public Relations Director Nancy Davis is retiring and wished her a happy retirement.

  • To the extent an Eligible Person is no longer considered a Deferral Eligible Participant, the Committee may deem such Eligible Person ineligible to defer any additional RSUs and all then unvested RSUs shall continue to vest in accordance with the applicable vesting schedule and all vested RSUs shall be payable in accordance with the Eligible Person’s then existing elections, subject to the terms of these Guidelines.


More Definitions of Deferral Eligible Participant

Deferral Eligible Participant means a Participant who is designated by the Senior Vice President - Human Resources of the Company as eligible to defer an Award for the following Award Year.
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Related to Deferral Eligible Participant

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Eligible employer means any municipality with a municipal

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Plan Year means the calendar year.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • 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.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Participant has the meaning specified in Section 10.06(d).

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.