Deferral of Payments. The Executive shall have the right to elect to defer any lump sum payments received by the Executive pursuant to this Section 5 under the terms and conditions of the Company's nonqualified deferred compensation plan.
Appears in 3 contracts
Sources: Severance Pay Agreement (Sempra Energy), Severance Pay Agreement (Sempra Energy), Severance Pay Agreement (Sempra Energy)
Deferral of Payments. The Executive shall have the right to elect to defer any lump sum payments received by the Executive pursuant to this Section 5 5(a) under the terms and conditions of the Company's nonqualified deferred compensation plan.
Appears in 2 contracts
Sources: Employment Agreement (Sempra Energy), Employment Agreement (Sempra Energy)