APPLICABLE COMPENSATION. Elections to defer compensation shall be made with respect to compensation not yet earned. In the case of bonuses or other nonperiodic payments, such compensation shall be treated as earned no earlier than the day on which the amount payable has been determined. In the case of periodic payments such as salary, such compensation shall be treated as earned no earlier than the day prior to the day on which the service period giving rise to the salary has commenced.
Appears in 3 contracts
Sources: Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Plan (Miix Group Inc)