Deferrals. The Committee may permit recipients of Awards to defer the distribution of all or part of any Award in accordance with Section 409A of the Code (if applicable) and such terms and conditions as the Committee shall establish.
Deferrals. The Committee may permit recipients11.1Deferrals. To the extent consistent with the requirements of Awards to defer the distribution of all or part of any Award in accordance with Sectionsection 409A of the Code (if applicable) and such terms and conditions asCode, the Committee may provide in an Award Agreement or another document that a Participant is permitted to defer receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant under an Award. Any such deferral shall establish.be subject to such rules and procedures as shall be determined by the Committee.
Deferrals. The Committee may permit recipients of Awardsor require a Participant to defer such Participant’s receipt of the distributionpayment of allcash that would otherwise be due to such Participant in connection with any Awards. If any such deferral is required or part of any Awardpermitted, it shall be in accordance with the rules and regulations of the deferral plan for which the Participant is eligible or, if no such plan exists, in accordance with the rules and regulations established by the Committee. In addition, a deferral election shall be effective only if it complies with Section 409A of the Code (if applicable) and such terms and conditions as the Committee shall establish.Code.
Deferrals. The Committee may permit recipients of Awards to defer the distribution of all or partdeferral of any Awardaward and may permit payment on deferrals to be made in accordancecash or shares of Common Stock subject to rules and procedures it may establish which shall comply with Section 409A of the Code (if applicable)for deferrals subject to Section 409A of the Code. These rules may include provisions for crediting dividend equivalents on deferred stock unit accounts and such terms and conditions as the Committee shall establish.crediting interest on deferred cash accounts.
Deferrals. The Committee may permit recipientsgrant Awards under the Plan that provide for the deferral of compensation within the meaning of Code Section 409A. It is intended that such Awards to defercomply with the distributionrequirements of all or part of any Award in accordance withCode Section 409A so that amounts deferred thereunder are not includible in income and are not subject to an additional tax of twenty percent (20%) at the Code (if applicable) and such terms and conditions astime the Committee shall establish.deferred amounts are no longer subject to a substantial risk of forfeiture.
Deferrals. The Committee may permit recipientsSection 409A of Awardsthe Code, the Award shall be granted, paid, settled or deferred in a manner that will comply with Section 409A of the Code, including regulations or other guidance issued with respect thereto, except as otherwise determined by the Committee. Any provision of this Plan that would cause the grant of an Award or the payment, settlement or deferral thereof to deferfail to satisfy Section 409A of the distribution of all or part of any Award in accordanceCode shall be amended to comply with Section 409A of the Code (if applicable)on a timely basis, which may be made on a retroactive basis, in accordance with regulations and such termsother guidance issued under Section 409A of the Code. Notwithstanding the foregoing, the Company, the Board and conditions as the Committee shall establish.have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt or compliant or for any action taken or that was not taken by the Board or the Committee.
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