Common use of Fixed Deferral Period Clause in Contracts

Fixed Deferral Period. (The Plan gives you the option of electing a Fixed Deferral Period. If you elect a Fixed Deferral Period, the balance of your Deferral Account established pursuant to this Agreement will be distributed to you within 30 days after the end of the Fixed Deferral Period, or, if earlier, the date you die or incur a Termination of Employment or the date a Change in Control occurs. If you do not elect a Fixed Deferral Period, your Account will be distributed upon the earlier of the date you die or incur a Termination of Employment or the date a Change in Control occurs.) However, for certain executives, distributions due to Termination of Employment will not be made until six months after the employment termination date. I elect a Fixed Deferral Period ending on (Must be a date at least 3 years after the end of the calendar year in which the Gainsharing Award is earned—January 1, 2009 or later) I do not wish to elect a Fixed Deferral Period.

Appears in 1 contract

Sources: Deferral Agreement (Progressive Corp/Oh/)

Fixed Deferral Period. (The Plan gives you the option of electing a Fixed Deferral Period. If you elect a Fixed Deferral Period, the balance of your Deferral Account established pursuant to this Agreement will be distributed to you within 30 days after the end of the Fixed Deferral Period, or, if earlier, the date you die or incur a Termination of Employment or the date a Change in Control occurs. If you do not elect a Fixed Deferral Period, your Account will be distributed upon the earlier of the date you die or incur a Termination of Employment or the date a Change in Control occurs.) However, for certain executives, distributions due to Termination of Employment will not be made until six months after the employment termination date. I elect a Fixed Deferral Period ending on (Must be a date at least 3 years after the end of the calendar year in which the Gainsharing Award is earned—earned - January 1, 2009 or later) ¨ I do not wish to elect a Fixed Deferral Period.

Appears in 1 contract

Sources: Deferral Agreement (Progressive Corp/Oh/)

Fixed Deferral Period. (The Plan gives you the option of electing a Fixed Deferral Period. If you elect a Fixed Deferral Period, the balance of your Deferral Account established pursuant to this Agreement will be distributed to you within 30 days after the end of the Fixed Deferral Period, or, if earlier, the date you die or incur a Termination of Employment or the date a Change in Control occurs. If you do not elect a Fixed Deferral Period, your Account will be distributed upon the earlier of the date you die or incur a Termination of Employment or the date a Change in Control occurs.) However, for certain executives, distributions due to Termination of Employment will not be made until six months after the employment termination date. I elect a Fixed Deferral Period ending on (Must be a date at least 3 years after the end of the calendar year in which the Gainsharing Award is earned—earned — January 1, 2009 or later) I do not wish to elect a Fixed Deferral Period.

Appears in 1 contract

Sources: Deferral Agreement (Progressive Corp/Oh/)