Deferred Compensation Plan Deferral Election definition

Deferred Compensation Plan Deferral Election means a Participant's election to defer a portion of Annual Incentive and/or Long-Term Incentive Compensation as set forth in Section 5.01.
Sample 1

Examples of Deferred Compensation Plan Deferral Election in a sentence

  • Subject to a valid deferral election made within thirty (30) days following the Effective Date, Selected Employees may elect to defer the timing of the receipt of the shares under this Agreement and have such shares issued at a later date pursuant to the terms and conditions of the Deferred Compensation Plan and the Deferred Compensation Plan Deferral Election Agreement.

  • Any modification or termination of a Deferred Compensation Plan Deferral Election shall not have retroactive effect and shall remain in force until modified or revoked.

  • A Participant’s Deferred Compensation Plan Deferral Election shall become effective immediately following the receipt of the election by the Plan Administrator; provided, however, that such election shall not have retroactive effect.

  • By: Name: Title: Date: Date: EXHIBIT B Deferred Compensation Plan Deferral Election Agreement (RSU Awards) Please complete this Deferred Compensation Plan Deferral Election Agreement (“Election Agreement”) and return a signed copy to Sxxxx Xxx no later than the thirtieth (30th) day following the Effective Date as indicated on your Restricted Stock Unit Agreement (“RSU Agreement”).

  • To the extent permitted under Code section 409A, such Participant may enter into a new Deferred Compensation Plan Deferral Election in any Plan Year following the Plan Year in which the Participant received the hardship withdrawal.

  • Selected Employees must make an election whether to defer receipt of the RSU shares pursuant to the terms and conditions of the Deferred Compensation Plan Deferral Election Agreement attached hereto as Exhibit B.

  • Each eligible Employee shall become a Participant in the Plan as of the date he or she meets the above requirement and completes a Deferred Compensation Plan Deferral Election as described in Section 5.01.

  • Unless otherwise determined by the Plan Administrator, a Participant’s initial Deferred Compensation Plan Deferral Election with respect to an Annual Incentive or a Long-Term Incentive will be carried over in respect of the same type of award from year to year unless the Participant makes an affirmative election to modify or terminate the election, as described in Section 5.01(e).

  • No further deferrals shall be made to the Plan following the date of the Plan Administrator’s approval of a hardship withdrawal and each Deferred Compensation Plan Deferral Election to which the Participant is then a party shall be of no further effect.

  • A Participant may elect to defer between 1% and 100% of his or her Annual Incentive and/or Long-Term Incentive for a Plan Year, which is a performance-based award, by making a Deferred Compensation Plan Deferral Election.

Related to Deferred Compensation Plan Deferral Election

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

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

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

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

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

  • 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.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • 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

  • 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.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

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

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

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • 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:

  • Deferral 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 amount of the Deferrals.

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

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

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

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.