Deferral Elections. At any time within the 30-day period (or other shorter or longer period that the Committee selects in its sole discretion) in which a Participant who is a member of a select group of management or highly compensated employees (within the meaning of the Code) receives an Award of Restricted Share Units (or before the calendar year in which such a Participant receives a subsequent Award, subject to adjustments by the Committee in accordance with Code Section 409A), the Committee may permit the Participant to irrevocably elect, on a form provided by and acceptable to the Committee, to defer the receipt of all or a percentage of the Shares that would otherwise be transferred to the Participant upon the vesting of such Award more than 12 months after the date of the Participant’s deferral election. If the Participant makes this election, the Shares subject to the election, and any associated dividends and interest, shall be credited to an account established pursuant to [Section 9] on the date such Shares would otherwise have been released or issued to the Participant pursuant to [Section 8(d)] and no vesting shall occur (other than for death or Disability if provided pursuant to the Award Agreement) within the 12-month period following the date of the Participant’s election.
Deferral Elections. At any time withinprior to the 30-day perioddate that is at least six months before the close of a Performance Period (or other shorter or longer period that the Committee selects in its sole discretion) in whichselects) with respect to an Award of either Performance Units or Performance Compensation, the Committee may permit a Participant who is a member of a select group of management or highly compensated employees (within the meaning of the Code) receives an Award of Restricted Share Units (or before the calendar year in which such a Participant receives a subsequent Award, subject to adjustments by the Committee in accordance with Code Section 409A), the Committee may permit the Participant to irrevocably elect, on a form provided by and acceptable to the Committee, to defer the receipt of all or a percentage of the cash or Shares that would otherwise be transferred to the Participant upon the vesting of such Award more than 12 months after the date of the Participant’s deferral election.Award. If the Participant makes this election, the cash or Shares subject to the election, and any associated dividendsinterest and interest,dividends, shall be credited to an account established pursuant to [Section 9] on the date such cash or Shares would otherwise have been released or issued to the Participant pursuant to [Section 8(d)10(a)] and no vesting shall occur (other than for death or Disability if provided pursuant to the Award Agreement) within the 12-month period following the date of the Participant’s election.[Section 10(b)].
Deferral Elections. AtElections to Defer. The Committee may permit any time within the 30-day period (or other shorter or longer period that the Committee selects in its sole discretion) in which a ParticipantEligible Person who is a Director, Consultant or member of a select group of management or highly compensated employees (within the meaning of the Code) receivesto irrevocably elect, on a form provided by and acceptable to the Committee (the “Election Form”), to forego the receipt of cash or other compensation (including the Shares deliverable pursuant to any Award other than Restricted Shares), and in lieu thereof to have the Company credit to an Awardinternal Plan account (the “Account”) a number of Restricteddeferred share units (“Deferred Share Units (or beforeUnits”) having a Fair Market Value equal to the Shares and other compensation deferred. These credits will be made at the end of each calendar month during which compensation is deferred. Each Election Form shall take effect on the first day of the next calendar year (or on the first day of the next calendar month in which suchthe case of an initial election by a Participant receives a subsequent Award,who first becomes eligible to defer hereunder, subject to adjustments by the Committee in accordance with Code Section 409A), after its delivery to the Company, subject to [Section 8(g)] regarding deferral of Restricted Shares and Restricted Share Units and to [Section 10(e)] regarding deferral of Performance Awards, unless the Company sends the Participant a written notice explaining why the Election Form is invalid within five business days after the Company receives it. Notwithstanding the foregoing sentence: # Election Forms shall be ineffective with respect to any compensation that a Participant earns before the date on which the Company receives the Election Form, and # the Committee may permitunilaterally make awards in the form of Deferred Share Units, regardless of whether or not the Participant to irrevocably elect, on a form provided by and acceptable to the Committee, to defer the receipt of all or a percentage of the Shares that would otherwise be transferred to the Participant upon the vesting of such Award more than 12 months after the date of the Participant’s deferral election. If the Participant makes this election, the Shares subject to the election, and any associated dividends and interest, shall be credited to an account established pursuant to [Section 9] on the date such Shares would otherwise have been released or issued to the Participant pursuant to [Section 8(d)] and no vesting shall occur (other than for death or Disability if provided pursuant to the Award Agreement) within the 12-month period following the date of the Participant’s election.foregoes other compensation.
Deferral Elections. At any time withinElection. Each Participant may make an irrevocable election to defer distribution of Restricted Stock Unit Shares payable in respect of an Award until the 30-day period (or other shorter or longer period thatParticipant’s Separation from Service, in accordance with this Agreement and procedures established by the Committee selects in its sole discretion) in whichCorporate Secretary. To make a deferral election, a Participant who is a member of a select group of management or highly compensated employees (withinmust file an irrevocable deferral form with the meaning of the Code) receives an Award of Restricted Share Units (orCorporation before the calendarbeginning of the year in which such a Participant receives a subsequent Award, subject to adjustments byAward would be granted. Notwithstanding the Committeeforegoing, if, in accordance with Code Section 409A),[Section 3] of the Plan, an individual is to be elected by the Board to be a non-employee director of the Corporation after the Committee may permithas made an Award to non-employee directors for that calendar year, then that individual must make the deferral election prior to that individual’s election as a director in order to defer distribution of the initial grant of Restrict Stock Unit Shares. The deferral election must specify whether the Participant is to irrevocably elect, on a form provided by and acceptable toreceive the Committee, to defer the receipt of all or a percentage of theRestricted Stock Unit Shares that would otherwise be transferred to the Participant upon the vesting of such Award more than 12 months after the date of the Participant’s deferral election. If the Participant makes this election, the Shares subject to the election, and any associated dividends and interest, shall be credited to an account established pursuant to [Section 9] on the date such Shares would otherwise have been releasedSeparation From Service in either a single distribution or issued to the Participant pursuant to [Section 8(d)] and no vesting shall occur (other than for death or Disability if provided pursuant to the Award Agreement) within the 12-month period following the date of the Participant’s election.in ten annual installments.
Deferral Elections. At any time withinElection. Each Participant may make an irrevocable election to defer distribution of Restricted Stock Unit Shares payable in respect of an Award until the 30-day period (or other shorter or longer period thatParticipant’s Separation from Service, in accordance with this Agreement and procedures established by the Committee selects in its sole discretion) in whichCorporate Secretary. To make a deferral election, a Participant who is a member of a select group of management or highly compensated employees (withinmust file an irrevocable deferral form with the meaning of the Code) receives an Award of Restricted Share Units (orCorporation before the calendarbeginning of the year in which such a Participant receives a subsequent Award, subject to adjustments byAward would be granted. Notwithstanding the Committeeforegoing, if, in accordance with Code Section 409A),[Section 3] of the Plan, an individual is to be elected by the Board to be a non-employee director of the Corporation after the Committee may permithas made an Award to non-employee directors for that calendar year, then that individual must make the deferral election prior to that individual’s election as a director in order to defer distribution of the initial grant of Restricted Stock Unit Shares. The deferral election must specify whether the Participant is to irrevocably elect, on a form provided by and acceptable toreceive the Committee, to defer the receipt of all or a percentage of theRestricted Stock Unit Shares that would otherwise be transferred to the Participant upon the vesting of such Award more than 12 months after the date of the Participant’s deferral election. If the Participant makes this election, the Shares subject to the election, and any associated dividends and interest, shall be credited to an account established pursuant to [Section 9] on the date such Shares would otherwise have been releasedSeparation From Service in either a single distribution or issued to the Participant pursuant to [Section 8(d)] and no vesting shall occur (other than for death or Disability if provided pursuant to the Award Agreement) within the 12-month period following the date of the Participant’s election.in ten annual installments.
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