Examples of Incentive Award Account in a sentence
By operationalising knowledge transfer in PULLs, where knowledge will be (co-)created and exported through an iterative process of exchange between the various stakeholders, one will also be able to respond to the critique of the policy transfer literature (see XxXxxx and Xxxx, 2012) for its limited attention paid to the agency, to the interests and agendas of the actors involved in transfer networks.
A Participant’s Incentive Award Account shall be reduced to reflect any payments made with respect to the Incentive Award Account.
A Participant shall vest in the Incentive Award Account established for an Incentive Award in accordance with such vesting schedule as may be specified by the Committee and set forth in the Agreement evidencing the Incentive Award.
Deferred Incentive Award Account - shall have the meaning set forth in Section -------------------------------- 6.1 hereof.
The benefit under this Section 4.1 is the Incentive Award Account balance at Separation from Service adjusted in accordance with Section 3.1(b)(i) as appropriate.
The Plan Administrator shall provide to the Executive, within one-hundred twenty (120) days after the end of each Plan Year, a statement setting forth the Incentive Award Account balance.
Notwithstanding the foregoing, to the extent required by Section 409A of the Code, in the case of a Participant who is a Specified Employee, no portion of the Participant’s Incentive Award Account otherwise payable on the Participant’s Separation from Service shall be paid until the earlier of (a) the date that is six months after the Participant’s Separation from Service under Section 409A of the Code, or (b) the date of the Participant’s death.
For each month of the Plan Year, the Incentive Award Account shall be credited with a prorated portion of the Incentive Award declared during the prior Plan Year.
Upon the inclusion of any portion of the Incentive Award Account balance into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Incentive Award Account balance, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.
The Incentive Award Account is solely a device for measuring amounts to be paid under this Agreement.