Deferred Compensation Ledger definition

Deferred Compensation Ledger means the ledger maintained by the Committee for each Participant which reflects the amount of compensation deferred for the Participant under the Plan, the Company match, and the amount of income or losses credited on each of these amounts.
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Deferred Compensation Ledger means the ledger maintained by the Committee for each Participant which reflects the amount of Compensation deferred by the Participant under the Plan, Company Discretionary Match and the Company Discretionary Accrual provided under the Plan, and the amount of earnings and losses credited on each of these amounts.
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Deferred Compensation Ledger means the ledger maintained by the Committee for each Employee which reflects the amount of Compensation deferred by the Employee under this Agreement, and the Company Match provided under this Agreement stated in the amount of non-monetary units of Common Stock.
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Examples of Deferred Compensation Ledger in a sentence

  • Unless otherwise instructed, the Funds will designate one or more agents ("Deferral Account Agent") to maintain a Deferred Compensation Ledger Account for the benefit of each Participant.

  • The Deferral Account Agent shall periodically measure the hypothetical investment performance of the Participant's Deferred Compensation Ledger Account.

  • Any payments of Deferred Compensation based upon such Deferred Compensation Ledger Account shall only be made at the time and under the occurrences set forth in Part II of this Agreement.

  • In no event shall Deferred Compensation Ledger Account investments be segregated, set aside or held in trust or escrow.

  • The sums represented by the Deferred Compensation Ledger Account shall be subject to the claims of general creditors of the Deferral Account Agent.

  • The value of a Deferred Compensation Ledger Account will be equal to the value such account would have had if the Compensation had been invested and reinvested in shares of the Deemed Investment Options.

  • At the sole discretion the Funds, if the annual installment method is elected, in lieu of payments from the Deferred Compensation Ledger Account, an amount equal to the balance to the credit of the Participant in the Deferred Compensation Ledger Account may be applied to purchase a period certain annuity in the name of the Deferral Account Agent, the proceeds of which will be paid to the Participant in accordance with the installment payment schedule elected.

  • The Funds and/or the Deferral Account Agent reserves the right to debit the Deferred Compensation Ledger Account by the amount of any federal or state taxes which they may incur as a result of investment earnings on amounts held under this Agreement.

  • The payment of the Deferred Compensation benefit, which shall be an amount equal to the balance to the credit of the Participant in the Deferred Compensation Ledger Account, shall be made or commence to be made in accordance with the manner elected by the Participant not later than 30 days after the payment date specified in the Payment Election Form.

  • Any amounts of Compensation deferred by the Participant shall be credited to a Deferred Compensation Ledger Account established for such Participant and maintained by the Deferral Account Agent (as hereafter defined).


More Definitions of Deferred Compensation Ledger

Deferred Compensation Ledger means the ledger maintained by the Committee for each Participant which reflects the amounts credited by the Company under this Plan to the account of each Participant.
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Deferred Compensation Ledger means the ledger maintained by the Committee for each Participant which reflects the amount of compensation
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Deferred Compensation Ledger means the ledger maintained by the Committee for each Participant which reflects the amount of Compensation deferred by the Participant under the Plan, Compensation and Restoration Deferrals, Restoration Company Match, Restoration Retirement Accrual, and the Restoration Company Accrual provided under the Plan, and the amount of earnings and losses credited on these amounts.
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Related to Deferred Compensation Ledger

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.