Examples of Share Deferral Election in a sentence
Such individual's participation shall become effective as of the first day of such Plan Year, provided that the Eligible Executive properly and timely completes the election procedures described in Section 2.3. For purposes of the Plan, references to "Plan Year" with respect to a Performance Share Deferral Election shall mean the Plan Year that is the final calendar year of the Performance Period.
Each Eligible Executive may elect to defer a portion of such Eligible Executive's Base Salary, Annual Bonus and/or Performance Share Payment, and thereby become an active Participant for a Plan Year (or, if Section 2.2 is applicable, for the remainder of such Plan Year), by delivering a completed Deferral Election, Bonus Deferral Election and/or Performance Share Deferral Election and an Investment Election to the Plan Administrator by the applicable Election Deadline for such Plan Year.
With respect to a Performance Share Deferral Election, the November 30 (or if November 30 is not a Business Day, the last Business Day immediately preceding November 30) immediately preceding the final year of the Performance Period.
Once made, a Participant may not revoke a Deferral Election or Bonus Deferral Election for a Plan Year, or a Performance Share Deferral Election with respect to a Performance Share Award.
Subject to Section 3.2(a)(iv), a Performance Share Deferral Election shall be effective for the Performance Share Payment earned during the Performance Period with respect to which such election is made.
Such an election shall be effective only if the individual is actively employed as an Eligible Executive at the time the individual delivers the completed Deferral Election, Bonus Deferral Election and/or Performance Share Deferral Election and Investment Election to the Plan Administrator.
Moderately harmful ranked the highest with 153 respondents, very harmful ranked second with 81 respondents, not harmful at all ranked third with 61 respondents and slightly harmful ranked the least with 46 respondents.
The Performance Share Deferral Election of each Eligible Executive shall specify a whole percentage of such Eligible Executive's Performance Share Payment to be deferred, not less than five percent (5%) and not to exceed one hundred percent (100%) of the amount actually payable to the Eligible Executive with respect to the Performance Share Award.
Each Performance Share Deferral Election that is made by a Participant shall be effective with respect to the specified portion of Performance Share Payment, if any, under the Performance Share Award to which it relates, but shall not apply to any subsequent Performance Share Award.
Except as otherwise provided in this Section 9.3, no contractual right created by and under any Deferral Election, Bonus Deferral Election or Performance Share Deferral Election made prior to the effective date of any amendment or termination shall be abrogated by any amendment or termination of the Plan, absent the express, written consent of the Participant who made the Deferral Election, Bonus Deferral Election or Performance Share Deferral Election.