Deferred Bonus Account definition

Deferred Bonus Account means the bookkeeping account established under Section 3.2 on behalf of a Participant, and includes any earnings credited thereon or losses charged thereto pursuant to Article IV.

Deferred Bonus Account means the bookkeeping account established under Section 6.04.

Deferred Bonus Account means, with respect to any Participant, the total amount of the Company's liability for payment of deferred compensation to the Participant under this Plan, including any accumulated Interest Equivalents and/or Dividend Equivalents.

Examples of Deferred Bonus Account in a sentence

• Such Deferred Bonus shall be credited to the Participant’s Deferred Bonus Account as of the first business day in January of the year that the Bonus otherwise would have been paid to the Participant in the absence of any deferral hereunder.

• Company Matching Credits under Section 3.4(a) shall be credited to the Participant’s Company Matching Credit Account as soon as practicable as determined by the Committee after such deferral is credited to the Participant’s Deferred Salary Account and/or Deferred Bonus Account, but in no event less frequently than on a annual basis, and shall be subject to the overall Plan Year limit on such amounts described in Section 3.4(a) and the vesting schedule described in Article V.

• Once the value of the Deferred Bonus Account is determined as provided in this paragraph 3, such Deferred Bonus Account will not be further adjusted for any earnings or interest after such date.

• The payment of Duncan’s Deferred Bonus Account on February 8, 2009, shall be in complete satisfaction of all benefits under the Agreement to which Duncan is entitled, and no benefits shall accrue or be credited to Duncan under the Agreement after such payment.

• Each provision of the Agreement that is inconsistent with the provisions set forth above hereby are amended to be consistent with this Amendment, including any provision relating to the time and form of payment of the Deferred Bonus Account.

More Definitions of Deferred Bonus Account

Deferred Bonus Account means the account described in Section 3.

Deferred Bonus Account means (i) the sum of all of a Participant’s Deferred Bonus Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of the Plan that relate to the Participant’s Deferred Bonus Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to the Plan that relate to his or her Deferred Bonus Account.

Deferred Bonus Account means the bookkeeping account established under Section 3.2 on behalf of a participant, and includes any investment return credited thereon pursuant to Section 3.3.

Deferred Bonus Account means the account or accounting entry which signifies the total amount of Deferred Bonus for a particular fiscal year with respect to each Bonus Deferral Participant.

Deferred Bonus Account or “Account” means the separate account established for each Participant as described in Section 4.1.

Deferred Bonus Account means one or more bookkeeping accounts established and maintained by the Company to reflect Bonuses deferred under the Plan, as adjusted from time to time for earnings and investment gains and losses. A separate Deferred Bonus Account shall be maintained for each Bonus deferred hereunder.

Deferred Bonus Account means the account being administered for the contingent benefit of the Participant under Section 3.1 of the Plan. Such account shall not actually be funded but shall be a bookkeeping account established on the Company’s records.