Deferred Compensation Award definition

Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.
Deferred Compensation Award means an award granted to a Participant pursuant to Section 11.
Deferred Compensation Award means an Award that is not exempt from Code Section 409A and, thus, could subject the applicable Grantee to adverse tax consequences under Code Section 409A.

Examples of Deferred Compensation Award in a sentence

  • In connection with the acquisition of Bernstein, the Operating Partnership adopted a deferred compensation plan, known as the SCB Deferred Compensation Award Plan, under which the Operating Partnership has agreed to invest $96 million perannum for three years to fund open market purchases of Alliance Holding Units or money market funds, in each case for the benefit of certain individuals who were stockholders or principals of Bernstein or hired to replace them.

  • No such Deferred Compensation Award or purported Deferred Compensation Award shall be a valid and binding obligation of the Company unless evidenced by a fully executed Award Agreement.

  • Notwithstanding the foregoing, a Change in Control shall not occur with respect to a Deferred Compensation Award unless such Change in Control constitutes a “change in control event” (within the meaning of Treasury Regulations Section 1.409A-3(i)(5)) with respect to the Company.


More Definitions of Deferred Compensation Award

Deferred Compensation Award means an Award granted to a Participant pursuant to Section 12.
Deferred Compensation Award means an award granted to a Participant pursuant to Section 13 of the Plan.
Deferred Compensation Award means an award of Restricted Stock granted to a Grantee pursuant to Section 17 of the Plan.
Deferred Compensation Award means any Award that is not an Exempt Award.
Deferred Compensation Award means an Award that could be subject to liability under Code Section 409A and does not qualify for an exemption from Code Section 409A coverage.
Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 10 of
Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11.