Deferred Bonus Election Form definition

Deferred Bonus Election Form means the form by which an eligible person elects to become a Bonus Deferral Participant.
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Deferred Bonus Election Form means the form which an Eligible Employee is required to execute and deliver to the Committee on or prior to June 30 of a Plan Year in order to defer his receipt of payment (due to be made in the following Plan Year) of a portion of the Bonus, if any, payable to the Eligible Employee with respect to services performed for the Company and its Affiliates in the Plan Year in which the Eligible Employee makes the election to defer his receipt of payment of his Bonus. The Deferred Bonus Election Form shall specify the portion, if any, of the Eligible Employee’s Bonus which the Eligible Employee is electing to defer his receipt of and such other information as may be required by the Committee in its discretion.
Sample 1

Examples of Deferred Bonus Election Form in a sentence

  • An Eligible Employee’s election to defer all or any portion of his Bonus shall become irrevocable upon his delivery to the Committee of his executed Deferred Bonus Election Form.

  • In any case, air services have usually been beyond the means of most Kain Nikunau resident on Nikunau, if they were travelling privately.

  • In order for an Eligible Employee to defer his receipt of any portion of the Bonus, if any, which is payable to the Eligible Employee under the terms of the Annual Bonus Plan, the Eligible Employee must execute and deliver a Deferred Bonus Election Form to the Committee on or before June 30 of the calendar year in which the services giving rise to the payment of such Bonus are performed.

  • The Deferred Bonus Election Form shall indicate: (i) the Elected Date (as that term is defined in Section 6.3(b)), and (ii) the percentage of the Bonus, if any, to be voluntarily deferred that will not be mandatorily deferred.

  • A Participant may elect ("Deferred Bonus Election") to defer the payment of all or part of his Bonus that is not mandatorily deferred into a Voluntary Stock Unit Account (as described in Section 6.2(c) below) by submitting an election form ("Deferred Bonus Election Form") to the Company by June 30 of the Plan Year in respect of which a Bonus may be payable, except with respect to the Bonus for 2000, in which case such Deferred Bonus Election Form shall be submitted to the Company by October 31, 2000.

  • Building Permits As in the original bill, the amendment re-emphasizes the requirement that the building permit authority check for proof of compliance with workers compensation coverage requirements each time a building permit is pulled.

  • As soon as possible after the Committee determines that an Employee has become an Eligible Employee, the Committee shall deliver a written notice to such Employee informing him that he is eligible to become a Participant in this Plan and that he will become a Participant in this Plan upon his execution and delivery to the Committee of a Deferred Bonus Election Form.

  • The Committee shall provide each Eligible Employee with a Deferred Bonus Election Form within a reasonable period of time before June 30 of each year that the Eligible Employee is entitled to defer his receipt of a portion of his Bonus.

  • A Participant may designate, in a Deferred Bonus Election Form, one or more Designated Beneficiaries to receive any distributions under the Plan upon the death of the Participant in accordance with Section 8.6.

  • Each portion of a Bonus deferred by a Participant pursuant to a properly completed Deferred Bonus Election Form under Section 6.1 (the "Voluntary Deferred Amount") shall be credited to a separate account ("Voluntary Stock Unit Account") in Stock Units with the number of Stock Units calculated in accordance with Section 6.2(d).

Related to Deferred Bonus Election Form

  • Deferral Election Form means each form established from time to time by the Administrator that the Executive completes, signs and returns to the Administrator to designate the amount of Deferrals.

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

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

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

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

  • Deferral Agreement means an irrevocable agreement entered into between a Nonemployee Director and the Company to authorize the Company to reduce the amount of the Nonemployee Director’s Annual Retainer and credit the amount of such reduction to the Plan consistent with the requirements of Section 409A of the Code. A Deferral Agreement shall contain such provisions, consistent with the provisions of the Plan, as may be established from time to time by the Company or the Board, including without limitation:

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Payment Election means an election pursuant to Section 5.1.

  • 10) Election has the meaning set forth in Section 6.05(a).

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

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

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

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • 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

  • Election cycle means the period beginning on the first day persons are eligible to

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Plan Year means the calendar year.