Example ContractsClausesdeferral of retainersVariants
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The Deferral Form. Each Deferral Form shall specify the date on which payment of the aggregate of the deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon) is to commence. Such payment date shall be at least three (3) years after the Plan Year in which the deferrals are being made. Each Deferral Form shall also specify the form for payment of the deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon). A Participant may elect payment in the form of a single lump sum payment or annual installment payments for a period of not less than two (2) but no more than fifteen (15) years. Annual installment payments will be paid once a year beginning on the date specified on the applicable Deferral Form or as otherwise provided herein.

The Deferral Form. Each Deferral Form shall specify the date on which payment of the aggregate of the deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon) is to commence. Such payment date shall be at least three (3) years after the Plan Year in which the deferrals are being made. Each Deferral Form shall also specify the form for payment of the deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon). A Participant may elect payment in the form of a single lump sum payment or annual installment payments for a period of not less than two (2) but no more than fifteen (15) years. Annual installment payments will be paid once a year beginning on the date specified on the applicable Deferral Form or as otherwise provided herein.

The Deferral Form. Each Deferral Form shallDefault Elections. If a Participant fails to specify the date on which payment of the aggregate of the deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon) is to commence. Suchcommence, then Participant will be deemed to have elected distribution at Participant’s Termination Date, subject to [Sections 5.3 or 5.4]4] below. If a Participant fails to make an effective payment date shall be at least three (3) years afterform designation on a Deferral Form, the Plan Year in which the deferrals are being made. Each Deferral Form shall also specify the form for payment of theamount deferred amount and any HP Matching Contributions for the Plan Year (and earnings thereon). A Participant may elect payment under such Deferral Form will be distributed in the form of a single lump sum payment or annual installment payments for a period of not less than two (2) but no more than fifteen (15) years. Annual installment payments will be paid once ain the year beginning on the date specified on the applicable Deferral Form or as otherwise provided herein.elected.

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