Deferral Value definition
Examples of Deferral Value in a sentence
Any Deferral Value credited to the Deferred Compensation Plan shall be subject to the terms of the Deferred Compensation Plan.
Under the terms of the Deferral Election, the Participant may irrevocably elect to defer an amount equal to the Deferral Value (as defined below) of a whole number of Shares subject to this Award.
For purposes of this Award Agreement, "Deferral Value" means, as of the applicable Vesting Date, the Fair Market Value of the Shares underlying the Cash Payment, which are subject to the Deferral Election, less any applicable withholding taxes.
Solely for the purpose of measuring the amount of the Company’s obligations to the Participant or his beneficiaries under this agreement, the Company will maintain a separate bookkeeping record of the Deferral Value and the Matching Value (jointly, the Participant’s “Accumulations”).
For purposes of this Award Agreement, "Deferral Value" means, as of the applicable Vesting Date, the Fair Market Value of the Shares underlying the vested portion of the Award, which are subject to the Deferral Election, less any applicable withholding taxes.
The Deferral Value shall be credited automatically, without any further action on the part of the Participant, to the Participant's account under the Deferred Compensation Plan on the Vesting Date that is subject to a Deferral Election.
Solely for the purpose of measuring the amount of SAP&C’s obligations to the Participant or his beneficiaries under this agreement, SAP&C will maintain a separate bookkeeping record of the Deferral Value (the Participant’s “Accumulations”).
The Deferral Value shall be credited automatically, without any further action on the part of the Participant, to the Participant's account under the Deferred Compensation Plan on the Vesting Date of the Award, or portion thereof, that is subject to a Deferral Election.