Definition of Post-Distribution Navient Share Price

  1. Post-Distribution Navient Share Price means the volume-weighted average of the "when issued" trading price on NASDAQ of a share of common stock of Navient Corporation on the five trading days ending on the Distribution Date (as defined in the Separation Agreement).Directors shall receive quarterly statements reflecting their Deferred Account balances.D.Form of PaymentA Director may elect to receive his Deferred Account in a lump sum or annual installments, not exceeding 15 installments. Deferred Accounts shall be distributed in the form that reflects the investment of the Deferred Account at the end of the Deferral Period; the Cash Account shall be paid in cash and the Stock Account shall be paid in Common Stock.

Definition of Post-Distribution Navient Share Price in Deferred Compensation Plan

Post-Distribution Navient Share Price means the volume-weighted average of the "when issued" trading price on NASDAQ of a share of common stock of Navient Corporation on the five trading days ending on the Distribution Date (as defined in the Separation Agreement).Directors shall receive quarterly statements reflecting their Deferred Account balances.D.Form of PaymentA Director may elect to receive his Deferred Account in a lump sum or annual installments, not exceeding 15 installments. Deferred Accounts shall be distributed in the form that reflects the investment of the Deferred Account at the end of the Deferral Period; the Cash Account shall be paid in cash and the Stock Account shall be paid in Common Stock.