Deferral Program definition
Examples of Deferral Program in a sentence
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.
Settlement of any Unit, which otherwise would occur at the Settlement Date, will be deferred in certain cases if and to the extent Employee is permitted to participate in the Stock Option Gain and Stock Award Deferral Program or otherwise permitted to defer the Units and Employee makes a valid deferral election relating to the Units.
In the event of any conflict between this DIP Award Agreement and the Company Plan or the Executive Income Deferral Program (if applicable to the Grantee), the Company Plan or the Executive Income Deferral Program (if applicable to the Grantee) shall take precedence.
In addition to the terms and conditions set forth in this DIP Award Agreement, the Share Units are subject to the terms and conditions of the Company Plan and the Executive Income Deferral Program (if applicable to the Grantee), which is hereby incorporated by reference.
This arrangement shall be referred to herein as the PEA Severance Pay Deferral Program.
Following the Effective Time, Parent shall use commercially reasonable efforts to cause the Company to continue in effect the Company's Nonqualified Deferred Compensation Plan, 409A Nonqualified Deferred Compensation Plan, Director Fee Deferral Program under the Amended and Restated 1996 Stock Incentive Plan, provided that, Parent may elect to cause the Company to terminate participant's ability to make future contributions under such plans.
For purposes of this Agreement, Bonus Deferral Program shall be any deferral Plan or Program adopted by the Company’s Board of Directors that provides for a non-elective deferral of the Executive’s Annual Bonus.
Please note that over the course of the Development Charges Deferral Program for Ancillary Secondary Dwelling Units additional information may be required for policy reasons, and the Owner may receive requests from the City to collect such additional information.
When the State has determined the final amount of the sales tax which Landlord may defer pursuant to the Sales Tax Deferral Program, Landlord will provide Tenant with written notice of such amount.
This information will be used to compile aggregate statistical data to evaluate the City's Development Charges Deferral Program for Ancillary Secondary Dwelling Units.