Compensation Deferrals Sample Clauses

The Compensation Deferrals clause establishes the terms under which an employee or contractor may postpone receipt of a portion of their earned compensation to a future date. Typically, this clause outlines the procedures for electing to defer compensation, the timing and form of deferred payments, and any conditions or limitations that apply, such as compliance with tax regulations like Section 409A of the Internal Revenue Code. Its core practical function is to provide flexibility in income timing for tax planning or personal financial reasons, while ensuring both parties understand the rules governing deferred payments and minimizing legal or tax-related risks.
Compensation Deferrals. That portion of a Participant’s Compensation which is deferred under the terms of this Plan.
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Compensation Deferrals. If at any time and from time to time a Deferred Amount of compensation shall be payable by the Company to, or accrue to the benefit of, Employee, the Deferred Amount shall, in lieu of being then paid to Employee, be deferred to later payment by the Company to Employee in accordance with the terms of this Agreement. As of each Deferral Date throughout the term of this Agreement, Employee's Deferral Account shall be credited with an amount equal to the Deferred Amount. In the case of the lapsing of restrictions relating to restricted stock which constitute a Deferred Amount, the shares of common stock as to which restrictions lapse shall be credited to Employee's Deferral Account, and all subsequent dividends and other distributions with respect to such shares, whether in cash, securities or other property, shall, in lieu of being distributed to Employee, be credited to Employee's Deferral Account at the time of any such distribution.
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Compensation Deferrals. (a) The Company shall credit to the Account of a Participant an amount equal to the amount designated in the Participant's Participation Election Form for that Plan Year. Such amounts shall not be made available to such Participant, except as provided in ARTICLE VII hereof, and, as Compensation Deferrals, shall reduce such Participant's Compensation from the Company in accordance with the provisions of the applicable Participation Election Form; provided, however, that all such amounts shall be subject to the rights of the general creditors of the Company as provided in ARTICLE IX hereof. (b) Each Eligible Employee or Director shall deliver a Participation Election Form to the Company before any Compensation Deferrals can become effective. Such Participation Election Form shall be void with respect to any Compensation Deferral unless submitted before the beginning of the calendar year during which the amount to be deferred will be earned; provided, however, that in the year in which the Plan is first adopted or an Employee or Director is first eligible to participate, such Participation Election Form shall be filed within thirty (30) days of the date on which the Plan is adopted or the date on which an Employee or Director is first eligible to participate, respectively, with respect to Compensation earned during the remainder of the calendar year. Notwithstanding the foregoing, a Participant may cease Compensation Deferrals upon thirty (30) days advanced written notice to the Administrator. (c) The Participation Election Form shall, subject to the limitations set forth in this Section 4.1, designate the amount of Compensation deferred by each Participant, the beneficiary or beneficiaries of the Participant and such other items as the Administrator may prescribe. Such designations shall remain effective unless amended as provided in subsection (d), below. (d) A Participant may amend his or her Participation Election Form from time to time; provided, however, that any amendment to the amount of a Participant's Compensation Deferrals shall comply with the provisions of subsection (b), above.
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Compensation Deferrals. That portion of an Eligible Employee’s Compensation which is deferred under the terms of this Nonqualified Deferred Compensation Plan.
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Compensation Deferrals. The portion of Compensation that a Participant elects to defer in accordance with Section 4.1 hereof.
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Compensation Deferrals. Compensation Deferral Agreement
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Compensation Deferrals. 5 4.2 Matching Contributions...............................6 4.3
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Compensation Deferrals. Compensation Deferrals shall be made through, and only through, regular deductions by the Company from Compensation otherwise payable to the Participant. Compensation Deferrals so deducted by the Company from the Compensation of a Participant shall be credited to the Compensation Deferral Account of the Participant.
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Compensation Deferrals 
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Related to Compensation Deferrals

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.