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.
Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.
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.
Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.