Subsequent Deferral Date definition

Subsequent Deferral Date means the date that is five (5) years from the date that settlement of the RSUs would occur but for the Eligible Person’s making a Subsequent RSU Deferral Election pursuant to Section 4.1.
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Examples of Subsequent Deferral Date in a sentence

  • It is intended that this Award will be exempt from Section 409A or, if an election is made to have a Subsequent Deferral Date, comply with the requirements of Section 409A of the Code.

  • An election to choose a Subsequent Deferral Date shall be made within thirty days after the Award Date and shall be on such terms and conditions as specified by the Committee.

  • Except as determined otherwise by the Human Resources Committee pursuant to Section 5.1, if the Participant dies prior to the Subsequent Deferral Date, settlement of the RSUs will be made to his estate.All amounts settled under this Plan will be taxable as ordinary income at the time of settlement and subject to appropriate withholding of income taxes.

  • Notwithstanding the foregoing, if you elected a Subsequent Deferral Date, a transaction or event must also constitute a “change in control event,” as defined in Treasury Regulation § 1.409A-3(i)(5) in order for payment to be made on an accelerated basis.

  • In the event of a Change of Control prior to the Vesting Date or the Subsequent Deferral Date (if you have elected one), all restrictions on outstanding RSUs shall lapse, and RSUs shall be paid out as promptly as practicable.

  • If you terminate services as a director under this Paragraph 6 and you elected a Subsequent Deferral Date, then the shares attributable to any vested RSUs will be distributed within five business days after such termination so long as it qualifies as a “separation from service” under Section 409A of the Code.

  • In the event that you cease to serve as a director of the Corporation because of your death or Disability prior to the Vesting Date or the Subsequent Deferral Date (if you have elected one), all unvested RSUs will vest as of the date of death or the date you are determined to have suffered a Disability, and the shares attributable to such RSUs be distributed during the first two months of the year immediately following the calendar year in which you die or suffered a Disability.

  • Notwithstanding the foregoing, if you elected a Subsequent Deferral Date, a termination due to Disability under this Paragraph 5 must also constitute a “disability” as defined in Treasury Regulation § 1.409A-3(i)(4) in order for payment to be made on an accelerated basis as described in this Paragraph 5.

Related to Subsequent Deferral Date

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Plan Year means the calendar year.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Referral Date has the meaning set forth in Section 12.2(a).

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Enrollment Date means the first day of each Offering Period.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that: