Deferral Accounts. Each Fund shall establish one or more bookkeeping Deferral Accounts to which will be credited an amount equal to the Trustee’s Compensation Deferrals under this Agreement made with respect to Compensation earned from each such Fund. Compensation Deferrals shall be allocated to the Deferral Accounts on the first business day following the date such Compensation Deferrals are withheld from the Trustee’s Compensation. Compensation Deferrals in consecutive years shall be allocated to a single Deferral Account for each Trustee. As of the date of this Agreement, the Deferral Accounts also shall be credited with the amounts credited to the Trustee under each other outstanding elective deferred compensation agreement entered into by and between the Funds and the Trustee which is superseded by this Agreement pursuant to Section 6.11 hereof. The Deferral Accounts shall be debited to reflect any distributions from such Accounts. Such debits shall be allocated to the Deferral Accounts as of the date such distributions are made.
Deferral Accounts. Westcoast will maintain for accounting and toll making purposes the cost of service and revenue deferral accounts in 2018 and 2019 set out in sections 4.2 and 4.3. It is the intent of the parties that the year‐end balance of each deferral account will, together with interest thereon, flow through to the account of shippers (and thus be reflected in the calculation of the revenue requirement and the final tolls) for 2019 and 2020, respectively, in accordance with the existing methodology, provided that the Stakeholders will not be precluded from reviewing and making submissions to the Board concerning the reasonableness of the year‐end balance of any of the deferral accounts set out in sections 4.2 and 4.3. Interest on the deferral balances will be calculated monthly based on Westcoast’s rate of return on rate base.
Deferral Accounts. A Deferral Account, as defined in Section 1.7 herein, shall be established for each Participant. The Deferral Account shall be credited with the applicable portion of the Annual Deferral as of the approximate date such amounts would otherwise have been paid to the Participant. Deferral Accounts shall, except as otherwise provided in the Plan, be adjusted by the Crediting Rate in effect for each Plan Year, from the approximate date such deferrals would have been paid through the earlier of the Participant's date of death or the following Valuation Date. Notwithstanding anything in this paragraph to the contrary, the Committee may, in its sole discretion, establish administrative rules for the purpose of crediting Deferral Accounts.
Deferral Accounts. (i) The payment required by Section 4(a) will not be paid currently to Executive. Instead, the amount of such payment will be paid in a single lump sum into a trust established under the Intrado Inc. Nonqualified Deferred Compensation Plan (the “DCP”), and the amount of such payment shall be credited to a separate account or sub-account established and maintained for Executive under the DCP (the “Deferral Account”). The Deferral Account, including deemed earnings thereon, shall be accounted separately from any other account or sub-account maintained for Executive under the DCP. Except as otherwise provided in this Section 4(b), the Deferral Account shall become payable during the Non-Compete Period defined in subsection 5(a), below, as follows: The first distribution date shall occur on the first day that occurs more than six (6) months from the termination date. A distribution date shall also occur on each monthly anniversary of the first distribution date until the Deferral Account is fully distributed. The amount of the Deferral Account payable to Executive on the first distribution date shall be equal to the product of (a) entire balance of the Deferral Account (including deemed earnings therein) and (b) six (6) divided by the total number of months in the Non-Compete Period. The amount of the Deferral Account that becomes payable to Executive on each subsequent distribution date shall be equal to the product of (x) the entire remaining balance of the Deferral Account (including deemed earnings therein) and (y) one (1) divided by the number of calendar months in the Non-Compete Period remaining after the preceding distribution date. Any portion of the Deferral Account that becomes payable under this Section 4(b) shall be paid as soon as administratively practicable after the date that it becomes payable but no later than five (5) business days after that date.
Deferral Accounts. A Deferral Account shall be established and maintained by the Company as a separate bookkeeping account in the name of each Participant which shall reflect such Participant’s benefit under the Plan. The Deferral Account of each Participant shall be credited with his Deferral Amounts as provided in Section 4.5, and with interest as provided in Section 6.2, and shall be debited with distributions of benefits to the Participant (or the forfeiture thereof) pursuant to Article VII hereof. The Deferral Account of each Participant who had previously entered into a Prior Agreement with the Company that is amended and restated in its entirety under this Plan as provided in the Directors’ Deferral Income Agreement between the Participant and the Company shall also be credited with the Rollover Amount. The Company shall provide to the Participant, within one hundred twenty (120) days following the end of each Plan Year, a statement setting forth the Participant’s Deferral Account balance as of the end of such Plan Year.
Deferral Accounts. 9 Plan Document 2
Deferral Accounts. The Company will establish a "Deferral Account" for each Participant. The Deferral Account will be credited with:
Deferral Accounts. There shall be established and maintained for --------- ----------------- each Director a Fee Deferral Account to which shall be credited amounts equal to the Director's Fee Deferrals, together with the deemed earnings described in Section 3. There shall also be established and maintained for each Director a Stock Deferral Account to which shall be credited the number of shares of Employer stock equal to the Director's Stock Deferrals, as adjusted pursuant to section 3(b). A Director shall always be one hundred percent (100%) vested in his Fee Deferral Account (and the interest deemed credited thereto) and his Stock Deferral Account.
Deferral Accounts. The Company shall establish an account on its books for each grantee who receives a grant of Deferred Stock (the “Deferral Account”). The Deferred Stock granted hereby shall be credited to the Grantee’s Deferral Account as of the Grant Date. The Deferral Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the Deferral Account. The obligation to make distributions of securities or other amounts credited to the Deferral Account shall be an unfunded, unsecured obligation of the Company.
