Amount of Deferrals Clause Samples
The "Amount of Deferrals" clause defines the specific sum or percentage of payments, obligations, or benefits that may be postponed or delayed under the terms of an agreement. Typically, this clause outlines the maximum allowable deferral, the conditions under which deferrals can occur, and any limitations or requirements for approval. For example, it may specify that only a certain portion of a payment can be deferred in a given period, or that deferrals are subject to the consent of both parties. The core function of this clause is to provide clear boundaries and expectations regarding deferred amounts, thereby preventing disputes and ensuring both parties understand their financial commitments.
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and / or “percentage amount”.
(i) Compensation Other than Bonuses [do not complete if you complete (iii)]
(a) Other than Bonus 1 60 1%
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and / or “percentage amount”.
(i) Compensation Other than Bonuses [do not complete if you complete (iii)]
(a) Base Compensation 1 % 50 % 1 %
(b) Commissions 1 % 100 % 1 %
(c) Note: The increment is required to determine the permissible deferral amounts. For example, a minimum of 0% and maximum of 20% with a 5% increment would allow an individual to defer 0%, 5%, 10%, 15% or 20%.
(ii) Bonuses [do not complete if you complete (iii)]
(a) Company Performance Bonus Program 1 % 100 % 1 %
(b) Executive Annual Incentive Bonus Plan 1 % 100 % 1 %
(iii) Compensation [do not complete if you completed (i) and (ii)]
(iv) Director Compensation Annual Retainer Meeting Fees Other: Other:
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of Compensation. For each type of Compensation listed, complete “dollar amount” and/or “percentage amount.”
(i) Compensation Other than Bonuses [do not complete if you complete (iii)] Type of Remuneration Dollar Amount % Amount Increment
(a) (b) (c)
(ii) Bonuses [do not complete if you complete (iii)] Type of Bonus Dollar Amount % Amount Increment
(a) (b)
(iii) Compensation [do not complete if you completed (i) and (ii)] 0% 50% 1 %
Amount of Deferrals. The Deferrals under this Agreement shall be the Executive's compensation deferrals under the Prior Agreements, plus any interest thereon through December 31, 1996.
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and/or “percentage amount”.
(i) Compensation other than Bonuses [do not complete if you complete (iii)] Type of Remuneration Dollar Amount % Amount Increment Base Salary 5% 20% 1% Note: The increment is required to determine the permissible deferral amounts. For example, a minimum of 0% and maximum of 20% with a 5% increment would allow an individual to defer 0%, 5%, 10%, 15% or 20%.
(ii) Bonuses [do not complete if you complete (iii)] Type of Bonus Dollar Amount % Amount Increment Annual Cash Bonus 5% 20% 1%
(iii) Compensation [do not complete if you completed (i) and (ii)]
(iv) Director Compensation Type of Compensation Dollar Amount % Amount Increment Annual Retainer % % % Meeting Fees Other: % % % Other: % % % Other: % % %
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and / or “percentage amount”.
(i) Compensation Other than Bonuses [do not complete if you complete (iii)]
(a) Base Salary 5% 75% 1%
(b) Commissions 5% 100% 1% Note: The increment is required to determine the permissible deferral amounts. For example, a minimum of 0% and maximum of 20% with a 5% increment would allow an individual to defer 0%, 5%, 10%, 15% or 20%.
(ii) Bonuses [do not complete if you complete (iii)]
(a) Employee Bonus Plan 5% 100% 1%
(b) Executive Bonus Plan 5% 100% 1%
(iii) Compensation [do not complete if you completed (i) and (ii)]
(iv) Director Compensation Annual Retainer Meeting Fees Other:
Amount of Deferrals. Any Participant may elect to defer, pursuant to a Deferral Agreement, the receipt of 50% to 100% (designated in whole percentages) of the Compensation earned by the Participant by the Company in any Plan Year. If the Plan Administrator requires separate Deferral Agreements as provided in Section 3.1 (Deferral Agreement), the Participant may elect to defer 50% to 100% (designated in whole percentages) of the Cash Compensation earned by the Participant by the Company in any Plan Year and separately defer 50% to 100% (designated in whole percentages) of the Equity Compensation earned by the Participant by the Company in any Plan Year. The amounts deferred pursuant to this Section 3.3 shall be allocated to the Deferral Account maintained for the Participant.
Amount of Deferrals. Subject to the provisions of Section 4.01(b) of the Adoption Agreement, a Participant may elect within the period described in Article 4 of the Plan to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and / or “percentage amount”. The effective date of this Section 4.01(a)(i) of the Adoption Agreement as well as the Participants who are permitted to defer Compensation in accordance with this Section 4.01(a)(i) of the Adoption Agreement are governed by Appendix A.
(i) Compensation Other than Bonuses [do not complete if you complete (iii)]
Amount of Deferrals. A Participant may elect within the period specified in Section 4.01(b) of the Adoption Agreement to defer the following amounts of remuneration. For each type of remuneration listed, complete “dollar amount” and / or “percentage amount”.
(i) Compensation Other than Bonuses [do not complete if you complete (iii)] Dollar Amount % Amount (a) Base Compensation 1% 50% 1% (b) Commissions 1% 100% 1%
(c) Note: The increment is required to determine the permissible deferral amounts. For example, a minimum of 0% and maximum of 20% with a 5% increment would allow an individual to defer 0%, 5%, 10%, 15% or 20%.
Amount of Deferrals. The Deferrals under this Agreement shall be (i) $1,465,141.26 representing the sum of Executive's compensation deferrals under the Prior Agreements, plus interest thereon through December 31, 1996, and (ii) any compensation deferred by Executive for services rendered after December 31, 1996 plus interest thereon pursuant to the terms of this Agreement."