Deferral Elections. A Director may elect to defer payment of all or a specified portion of any Eligible Compensation by filing a written election with the Company on a form prescribed by the Company as follows (such an election, a “Deferral Election”):

Deferral Elections. AElection. Each Director may electelect, with respect to defer payment ofany Year, that all or a specified portionany percentage of anyhis or her Eligible Compensation by filing a written electionbe deferred in accordance with the Company on a form prescribed by the Company as follows (such an election, a “Deferral Election”):terms of this Plan.

Election. An Eligible Director may electwho desires to defer paymentreceipt of all or a specified portion of his or her Eligible Remuneration in any Eligible Compensation by filing a writtencalendar year shall make such election within writing to the Company on a form prescribed by the Company as follows (such an election, a “Deferral Election”):specifying:

Manner of Electing Deferral. A Director may electelect, or modify a prior election, to defer paymentthe receipt of all or a specified portion of any Eligible Compensationcertain Fees by filing agiving written election withnotice to the CompanySecretary on a form prescribedprovided by the Company as follows (such an election, a “Deferral Election”):Company, or in any other manner that is deemed sufficient from time to time by the Chairman.