Deferred Accounts definition

Deferred Accounts means either the unfunded Stock Unit Account or Income Account maintained by the Company into which a Non-Employee Director may defer payment of his or her cash compensation (retainer and fees) or elect to receive a credit to the Stock Unit Account in lieu of a grant of Restricted Stock for service as a Company director. The Company also shall establish subaccounts under a Non-Employee Director’s Deferred Accounts in order to separately account for the amounts in such Deferred Accounts that are, and that are not, subject to section 409A of the Code.
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Deferred Accounts means either the unfunded Stock Unit Account or Income Account maintained by the Company into which a Non-Employee Director may defer payment of his or her cash compensation (retainer and fees) or elect to receive a credit to the Stock Unit Account in lieu of a grant of Restricted Stock for service as a Company director.
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Deferred Accounts means the accounts maintained by the Committee for each Participant pursuant to Article I. Separate Deferred Accounts shall be maintained for each Participant; however, more than one Deferred Account may be maintained as necessary to reflect the nature of the account and various fund allocations of the Participant. A Participant's Deferred Account(s) shall be utilized solely as a device for the measurement and determination of the amounts to be paid to or on behalf of a Participant pursuant to this Plan provided,
Sample 1

Examples of Deferred Accounts in a sentence

  • Any of the accounts identified by the Company from time to time, described in Exhibit A, to which Participants may allocate all or any portion of their Deferred Accounts for purposes of determining the gains or losses to be assigned to the Deferred Accounts.

  • Elections regarding distribution of Deferred Accounts under this Plan are irrevocable except as otherwise provided in this Plan.

  • Furthermore, a person entitled to a payment or distribution with respect to a Deferred Account, shall have a claim upon the Company only to the extent of the balance(s) in his or her Deferred Accounts.

  • The rate of imputed interest which shall be applied to Participants' Deferred Accounts.

  • Participants who are separated from service under Section 5.2.1 may not change the allocation of their Deferred Accounts among Investment Accounts.

  • The amount of such Plan expenses allocated to each Deferred Account shall be determined by multiplying the total of such expenses by a fraction, the numerator of which is the balance of such Deferred Account as of the Valuation Date immediately preceding or coinciding with such allocation, and the denominator of which is the aggregate balance of all Deferred Accounts as of such Valuation Date.

  • Any participant, who has made a Deferral Election, may make an additional election to change the form of distribution of the balance in any of his or her Deferred Accounts to one of the three acceptable forms of distributions under Section 3.8(b).

  • The Deferred Accounts shall also be reduced to the extent of each payment made to the Grantee.

  • In the event of termination, existing Deferred Accounts shall be paid in accordance with the terms of the Plan except to the extent the Plan is terminated in accordance with the requirements of Section 409A, in which event the existing Deferred Accounts shall be paid in accordance with Section 409A.

  • The Company, under the Plan, periodically will credit Deferred Accounts with a determinable amount of notional Earnings (as a specified fixed or floating interest rate or other specified index or indices based on established and published financial investment benchmarks).


More Definitions of Deferred Accounts

Deferred Accounts has the meaning assigned in Section 2.4.3 (b).
Sample 1
Deferred Accounts means the accounts maintained by the Plan Administrator for each Participant pursuant to Article II. Separate Deferred Accounts shall be maintained for each Participant. More than one Deferred Account may be maintained for each Participant as necessary to reflect the nature of the account and various fund allocations. A Participant's Deferred Accounts shall be utilized solely as a device for the measurement and determination of the amounts to be paid to or on behalf of a Participant pursuant to this Plan. A Participant's Deferred Accounts shall not constitute or be treated as a trust fund of any kind.
Sample 1
Deferred Accounts an unaudited, aggregated profit and loss statement showing the calculation of Revenue for Year 1, Year 2, Year 3 or Year 4 (as applicable) substantially in the format set out in Part 3 of Schedule 4 and prepared in accordance with the specific accounting policies per Part 2 of Schedule 4.
Sample 1

Related to Deferred Accounts

  • Covered Account means an account holding Fund shares established by a financial intermediary for a natural person as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through PNC.