Mandatory Deferrals definition
Mandatory Deferrals means the amounts described and granted pursuant to Section 9 of this Plan.
Mandatory Deferrals means that portion of an Employee’s Gross Cash Compensation that must be deferred to the Plan, as determined pursuant to the formula set forth in the Institutional Middle Market compensation plan or the Complex Director Compensation Plan, as applicable. For purposes of Code Section 409A, Mandatory Deferrals are not “voluntary deferrals” and can be subject to a “substantial risk of forfeiture” as that term is used in Code Section 409A.
Mandatory Deferrals means that portion of an Employee’s Gross Cash Compensation that must be deferred to the Plan, as determined pursuant to the formula set forth in the Institutional Middle Market compensation plan.
Examples of Mandatory Deferrals in a sentence
The Participant may alter his or her selection among the investment media either for the Participant's existing Deferral Account balance and/or future deferrals in one percent increments (or such other increments that the Administrative Committee may specify) once each Plan Year (or at such other intervals as the Administrative Committee may specify); provided that Mandatory Deferrals, as adjusted pursuant to Section 4.2, must remain deemed invested in the Steelcase Phantom Stock.