Examples of FlexComp Plan in a sentence
If a Participant will first become eligible to participate in the FlexComp Plan after December 31 of a Plan Year but prior to the end of such Plan Year, such Participant may make a deferral election conditioned on the granting of a FlexComp Award for such Plan Year (a "Conditional Election"), if made prior to December 31st of that Plan Year.
The Committee may permit a Participant to elect to transfer shares of Restricted Stock to the Company in exchange for a deferred compensation right or Restricted Stock Units or elect to defer receipt of all or a portion of the shares of Common Stock subject to Restricted Stock Units, all on such terms and conditions as the Committee shall determine (including through the terms of the FlexComp Plan).
In order to defer all or a portion of the cash Award for a particular bonus period, a Participant must make a valid election under the FlexComp Plan by executing and filing a deferral election form with the Company pursuant to the terms of the FlexComp Plan.
The FlexComp award amounts shall be determined in good faith on a basis that is consistent with the FlexComp award contributions historically made by Xxxxxx under the FlexComp Plan for its other similarly situated employees.
Such Transferred Employee’s continued service with the FCPT Group after the Distribution Date shall be deemed continued service with Xxxxxx for purposes of the FlexComp Plan.
Xxxxxx will notionally contribute such FlexComp award contributions to the FlexComp Plan in the ordinary course of business consistent with past practice in accordance with the terms of the FlexComp Plan.
The Committee may permit a Participant to elect to defer receipt of all or a portion of the shares of Common Stock issuable upon exercise of a Stock Option, all on such terms and conditions as the Committee shall determine (including through the terms of the FlexComp Plan).
Thus, Compensation for purposes of this subsection 2.17(b) includes elective or salary reduction contributions to the Company's FlexComp Plan, this Plan, or any tax-sheltered annuity, even for periods prior to January 1, 1998 (when such items are also includable under subsection 2.17(a)).
Subject to rules adopted by the Committee, a Participant may elect to defer all or a portion of a cash Award during each calendar year in accordance with the terms and conditions of the Company’s FlexComp Plan or any successor plan.
Subject to rules adopted by the Committee, a Participant may elect to defer all or a portion of a Base Cash Award and any additional cash award received (collectively "Cash Award") during each calendar year in accordance with the terms and conditions of the Company's FlexComp Plan.