Example ContractsClausesdeferral of retainersVariants
Deferral of Retainers
Deferral of Retainers contract clause examples

Deferral of RSUs. You may elect to defer the settlement of Your RSUs for a period of five years from the date such RSUs would otherwise be settled; provided, that Your deferral election is made and has been in effect for at least 12 months before the date on which such RSUs would otherwise be settled. Any such deferral will be made pursuant to the terms of a separate deferred compensation plan adopted by the Company for this purpose. Settlement of the deferred RSUs will be made in accordance with the terms of such deferred compensation plan.

Deferral of RSUs. You may elect to defer the settlement of Your vested RSUs by delivering to the Company a Deferral Election in the form and in accordance with procedures established by the Company. If You have made a timely and valid Deferral Election in accordance with procedures established by the Company, settlement of the deferred RSUs will be made in accordance with the terms of such Deferral Election.

4.1Subsequent RSU Deferral. To the extent provided in the underlying RSU grant agreement, an Eligible Person may elect to defer the settlement of his RSUs to the Subsequent RSU Deferral Date (i.e., five (5) years from the date such settlement would otherwise occur) by making a deferral election pursuant to this [Section 4.1] at least twelve (12) months before settlement of the RSU would otherwise occur; provided, that no such election will take effect until twelve (12) months after the date on which the election is made. A Subsequent RSU Deferral election made pursuant to this [Section 4.1] will apply to the entire RSU grant (i.e., a Participant may not elect to defer only a portion of the RSU grant and may not make a separate election with respect to each portion of the RSU award based on the award’s vesting schedule). Such Subsequent RSU Deferral will be credited to the Participant’s Account and accounted for pursuant to the terms of this Plan. RSUs deferred pursuant to this [Section 4.1] will continue to be subject to the underlying grant agreement to the extent the terms of such agreement do not conflict with the terms of the Plan and the Participant’s Subsequent RSU Deferral election (e.g., the subsequent deferral and settlement provisions of this Plan, rather than the grant agreement, will govern the settlement of the RSUs). For the avoidance of doubt, if the underlying RSU grant agreement provides for the settlement of the RSUs upon a Change in Control, then such provision will have no force or effect with respect to a RSUs deferred pursuant to this [Section 4.1] and such RSUs will be settled on the Subsequent RSU Deferral Date.

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