Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time. Non-U.S. Benefit Plan has the meaning set forth in Section 3.19...
The meaning of DEFERRED is withheld for or until a stated time. How to use deferred in a sentence.
(b)Payment of Hedge Fund Return Option Account Balances.Notwithstanding anything in the Plan to the contrary, if a Participant elects the Hedge Fund Return Option, (i) the Participant is required to choose a specified payment date at the time of such election, (ii) the portion ...
Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan. Nonqualified Deferred Compensation (a) It is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be deferred ...
This plan of tontine insurance has been replaced in the United States by the semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the ...
This also isn’t to be confused with theCOVID-19 Student Loan Payment Pause, under which interest rates are set to 0%—no interest accrues until the pause expires. This technically isn’t deferred interest since interest isn’t accruing during the pause. The only interest you’ll have to...
Understanding deferred months allows individuals to carefully manage their cash flow and plan for future expenses. What is a Deferred Month? A Deferred Month, in financial terms, is the practice of temporarily postponing a financial obligation, typically by delaying a payment that is due on a pred...
Formally, the term “deferred expenses” is used to describe a payment that has been made, but it won’t be reported as an expense until a future accounting period. These expenses are reported on the balance sheet as an asset until it expires. ...
In speaking with their bank, Mary and Johnny come to an agreement whereby the bank will not foreclose on their home but have come up with a payment plan for the couple. The bank will defer the mortgage payments for a period of six months. ...
A traditional 401(k) is the most common deferred compensation plan. Contributions are deducted from an employee's paycheck before income taxes are applied, meaning they'repre-tax contributions.4 As such, you're only required to pay taxes on a deferred plan when you take a distribution (make...