Common use of No Deferral Clause in Contracts

No Deferral. You may not defer payment of proceeds as a result of the exercise of your Stock Appreciation Rights Award. 1 As defined in the LTIP Rules as of the date of termination.

Appears in 1 contract

Sources: Stock Appreciation Rights Award (Chevron Corp)

No Deferral. You may not defer payment of proceeds as a result of the exercise of your Stock Appreciation Rights Award. 1 As defined in the LTIP Rules as of the date of termination.

Appears in 1 contract

Sources: Stock Appreciation Right Award Agreement (Chevron Corp)