Deferral Election

Deferral Election. An election by a Participant to defer his/her Base Salary, Bonus, and/ or Stock Units with such election contained within a NDC Plan Agreement executed by such Participant and which specifies the deferral and distribution provisions for the deferred compensation.

Deferral Election. An election by an Eligible Employee to defer compensation and includes a Distribution Date for same. A Participant shall make a new Deferral Election with respect to each Plan Year

Deferral Election. An election by an Eligible Employee to make Elective Deferrals and/or Corrective Deferrals. A Participant shall make a new Deferral Election with respect to each Plan Year

Deferral Election. Means an election by a Participant to defer Base Salary and/or Bonus Compensation or Board Fees. Deferral Elections shall remain in effect for subsequent Plan Years unless a new Deferral Election is timely filed with the Committee.

Deferral Election. An election by an Eligible Director to defer Fees and/or Restricted Stock Units.

Deferral Election. A valid deferral election made by the Participant in accordance with Treasury Regulation Section 1.409A-2, subject to such timing and in the form attached hereto as Exhibit B.

Deferral Election. A commitment by a Participant to defer a portion of his or her Compensation or, with respect to a Director, retainer fees under this Plan and for which an election form has been submitted by the Participant to the Company or the administrator either in writing or electronically. A Deferral Election shall become irrevocable on December 31 of the year prior to the Deferral Period to which the Deferral Election applies.

Deferral Election. Means a valid deferral election made by the Participant in accordance with Treasury Regulation Section 1.409A-2, subject to such timing and in such form as is acceptable to the Company, in its sole discretion.