Definition of Maximum Base Salary Deferral Percentage


Maximum Base Salary Deferral Percentage means (i) 15% for Plan Years commencing prior to January 1, 2015, and (ii) 50% for Plan Years commencing on or after January 1, 2015; provided, that such Maximum Base Salary Deferral Percentage may be altered by the Company's Board of Directors (or its designee) at any time and from time to time.

Examples of Maximum Base Salary Deferral Percentage in a sentence

Participants other than non-employee Directors may defer (i) a percentage of Base Salary that shall not exceed the Maximum Base Salary Deferral Percentage for the applicable Plan Year, and, (ii) up to 90% of Annual Incentive Compensation.
Maximum Base Salary Deferral Percentage means (x) 15% for Plan Years commencing prior to January 1, 2015, and (y) 50% for Plan Years commencing on or after January 1, 2015; provided, that such Maximum Base Salary Deferral Percentage may be altered by the Companys Board of Directors (or its designee) at any time and from time to time.