Deferred Award definition
Examples of Deferred Award in a sentence
In the event of the Executive's death any unvested balances in the Non-Elective Deferred Award Accounts shall immediate vest.
If any portion of a Non-Elective Deferred Award is subject to prescribed investment provisions under the Non-Elective Deferred Award Terms, the balance in the Non-Elective Deferred Award Account reflecting such portion of the Non-Elective Deferred Award shall be invested and reinvested as determined by such prescribed investment provisions.
A Non-Elective Deferred Award Account shall be credited as of the date of the grant of the Non-Elective Deferred Award (the "Grant Date") unless the Employer or the Committee specifically provides otherwise under the terms of the Non-Elective Deferred Award (the "Non-Elective Deferred Award Terms").
Only the vested balance in a Non-Elective Deferred Award Account shall be subject to the hardship distribution rules of Article VI of this SERP Agreement.
The balance in a Non-Elective Deferred Award Account shall vest in accordance with the following vesting schedule, unless otherwise provided in the Non-Elective Deferred Award Terms: % of Non-Elective Deferred Award Vesting Date -------------------------------- ------------ A.