VIP Deferral Amount definition

VIP Deferral Amount means the amount or percentage of bonus or incentive payments that an Eligible Employee is entitled to under the VIP and elects to contribute to the Plan pursuant to a valid Election form in accordance with the provisions of Article III.
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VIP Deferral Amount means the amount or percentage of bonus or incentive payments that an Eligible Employee is entitled to under the VIP and elects to contribute to the Plan pursuant to Article III. ARTICLE II
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Examples of VIP Deferral Amount in a sentence

  • An amount equal to the Salary Deferral Amount, AIP Deferral Amount, VIP Deferral Amount, MIP Deferral Amount and Additional Contributions, if any, made by or on behalf of the Participant shall be transferred to the Trustee within 30 days after the applicable pay period to be held pursuant to the terms of the Trust Agreement.

  • The Participant's Account shall be credited with the Participant's Salary Deferral Amount, AIP Deferral Amount, VIP Deferral Amount, MIP Deferral Amount and Additional Contributions, if any, made on behalf of each Participant.

  • The VIP Deferral Amount shall not be paid to the Participant, but shall be withheld from the Participant's VIP payment and an amount equal to the VIP Deferral Amount shall be credited to the Participant's Account or Sub Account (as appropriate).