Dividend Deferral Election definition

Dividend Deferral Election means an election by a Participant to defer the distribution under the Plan of the Dividends paid with respect to Shares equal in number to the Share units credited to the Participant's Share Deferral Account.
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Dividend Deferral Election means an election to defer Dividends.
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Examples of Dividend Deferral Election in a sentence

  • Unless a Dividend Deferral Election is made by the Trust Manager or Participant, any dividends payable with respect to any Restricted Shares shall be paid to the Participant or Trust Manager who deferred such Restricted Shares, subject, in the case of a Participant, to applicable withholding.

  • By the mid-1980s there were more than 1,000 small water ponds in Afmadow District alone, of which many were constructed using the equipment of the TJLP.

  • Additional capacity is granted based on the household’s circumstances at that time of the application.

  • Unless a Dividend Deferral Election is made by the Participant, any dividends payable with respect to any Restricted Shares shall be paid to the Participant who deferred such Restricted Shares, subject, in the case of a Participant who is an Employee, to applicable withholding.

  • The Board of Directors may declare any dividends subject to a Dividend Deferral Election at anytime (subject to the availability of lawful funds) and the payment date of such funds shall be as determined by the Board of Directors.

  • Unless there is a Dividend Deferral Election, dividends shall be payable quarterly in arrears, on each Dividend Payment Date, commencing on the first Dividend Payment Date following the fifth anniversary of the Applicable Issuance Date for the related shares of Preferred Stock; provided, that if any such payment date is not a Business Day then such dividend shall be payable on the next Business Day.

  • The Participant will make such election by completing and submitting a Dividend Deferral Election Form indicating the percentage amount of cash dividends (in increments of ten percent) as to which the Participant elects to defer receipt.

  • Such a Dividend Election shall be effective six months after the Dividend Deferral Election is filed with the Committee, except that a Dividend Election may be filed not later than February 11, 2003 pertaining to dividends payable with respect to record dates occurring after that date.

  • A Participant may elect to defer receipt of all or a portion (subject to any minimum or maximum amount or percentage as the Committee may establish with respect to the applicable Plan Year) of the Dividends relating to an Equity Award Deferral by making a Dividend Deferral Election under this Section 5.

  • If a Dividend Deferral Election is not made with respect to an Equity Award Deferral, an amount equal to the amount of Dividends that would have been paid with respect to such Equity Award Deferral shall be payable to each Participant as if the applicable Equity Award was not subject to an Equity Award Deferral, in accordance with Section 8.1(b) below.

Related to Dividend Deferral Election

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

  • 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 Year means each calendar year during which the Trustee 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.

  • 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.

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

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

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

  • 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.

  • 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.

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

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

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

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

  • Plan Year means the calendar year.

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

  • 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.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

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

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • 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.

  • 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.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.