Initial Deferral Election definition

Initial Deferral Election means a written election on a form provided by the Committee, pursuant to which a Grantee: (i) elects, within the time or times specified in Paragraph 8(a)(i), to defer the distribution date of Shares issuable with respect to Restricted Stock Units; and (ii) designates the distribution date of such Shares.

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Initial Deferral Election means a deferral election that is made in accordance with Sections 5.1 through 5.5(a).

Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to the deferral of Salary, Commission and/or Bonus, as applicable, under the Plan, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.

Examples of Initial Deferral Election in a sentence

An Initial Deferral Election shall be null and void if a Vesting Date does not occur with respect to Performance Stock Units identified in such Initial Deferral Election.
Deferred Stock Units shall be credited to the Account as of the Date an Initial Deferral Election becomes effective.
An Initial Deferral Election to defer the receipt of Shares issuable with respect to Performance Stock Units hereby granted shall not be effective unless it is filed with the Committee on or before [●].
Each Deferred Stock Unit will represent a hypothetical Share credited to the Account in lieu of delivery of the Shares to which an Initial Deferral Election, Regular Deferral Election or a Subsequent Deferral Election applies.
An Account shall be established for each Grantee who makes an Initial Deferral Election.
Grantee shall have the right to make an Initial Deferral Election to defer the receipt of all or a portion of the Shares issuable with respect to Performance Stock Units hereby granted by filing an Initial Deferral Election to defer the receipt of such Shares on the form provided by the Committee for this purpose.
Grantee shall have the right to make a Regular Deferral Election to defer the receipt of all or a portion of the Shares issuable with respect to Restricted Stock Units hereby granted that are not subject to an Initial Deferral Election by filing a Regular Deferral Election to defer the receipt of such Shares on the form provided by the Committee for this purpose.
The Initial Deferral Election Deadline is the earlier of: (a) the date which is thirty (30) days after the date an Initial Designated Employee first becomes an Initial Designated Employee in the Plan, or (b) the date set by the Plan Administrator as the last day that a Initial Designated Employee can file an Initial Deferral Election with respect to Initial Designated Employee’s Initial Year Compensation.
A Regular Deferral Election shall be null and void if a Vesting Date does not occur with respect to Restricted Stock Units identified in such Initial Deferral Election.
If you fail to file an Initial Deferral Election within thirty (30) days after you first become an Initial Designated Employee in the Plan, no part of your Compensation earned with respect to services performed during the Plan Year in which you first become an Initial Designated Employee in the Plan may be deferred.

More Definitions of Initial Deferral Election

Initial Deferral Election means the initial irrevocable election filed by the Participant under Section 4.01 or Section 4.02 of the Plan pursuant to which a portion of his or her Base Salary or Incentive Compensation, as applicable, for the Plan Year is to be deferred in accordance with the provisions of the Plan.

Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to (i) the deferral of Salary, Director Fees and/or Bonus, as applicable, under the Plan, and/or (ii) the time and form of distribution of Company Mandatory Contributions, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.

Initial Deferral Election means a Participant’s valid election, made on an Election Form, with respect to (i) the deferral of Salary, Director Fees, Bonus, Base Guaranteed Payments, and/or other items of Compensation that the Committee has approved for deferral to the Plan and/or (ii) the time and form of distribution of Company Mandatory Contributions, in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.

Initial Deferral Election means the irrevocable election of the Participant, filed with the Administrator at least 30 days prior to the date of his Separation, to receive the payment of his Accrued Benefit 90 days after the Valuation Date following his Separation."

Initial Deferral Election means an Eligible Employee’s valid election, made on an Election Form, with respect to the deferral and time and form of distribution of Compensation under the Plan (and with respect to the time and form of distribution of any Company Matching Contributions and any Discretionary Contributions, each as applicable), in any case, submitted to the Committee (or its designee) during such Participant’s Initial Election Period.