Performance Cycle Accounts. Notwithstanding anything herein to the contrary, this [Section 4.1(e)] shall only apply if and to the extent the Company permits the deferral of Performance Share Awards. A Performance Cycle Account shall be established for each Performance Cycle (if any) for which the Participant has an associated Performance Share Award. Such Performance Cycle Account shall be credited with the number of shares of Company Stock to which such deferral election applies no later than the close of the month in which shares of Company Stock would have been delivered to the Participant but for such deferral. Effective as of January 1, 2019, a Performance Cycle Account shall be included in the Plan Year Account for the Plan Year in which the respective Performance Cycle begins, pursuant to [Section 4.1(a)], above.
“Performance Cycle Account” means an Account established for a particular Performance Cycle for which the Participant has deferred all or a portion of the associated Performance Share Award. Effective as of January 1, 2019, a Performance Cycle Account shall be included in the Plan Year Account for the Plan Year in which the respective Performance Cycle begins.
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