Deferral Elections

Deferral Elections. Means the Participant's election of the date upon which Company shall make a distribution to the Participant of his or her interest in any vested Phantom Units in accordance with the terms of the Award Agreement, if and to the extent permitted by the Plan Administrator; provided, however, that (a) such Deferral Election shall be irrevocable and (b) any Deferral Election must be made on the form provided by the Plan Administrator.

Deferral Elections. Irrevocable elections to defer receipt of Annual Retainer and/or Meeting Fees.