Deferred Account

Deferred Account. Means the account established by the Company for each Director who elects to defer the Fees payable to him as a Director

Deferred Account. Means a bookkeeping record established for each Participant who is eligible to receive a Deferred Benefit. A Deferred Account shall be established only for purposes of measuring a Deferred Benefit and not to segregate assets or to identify assets that may be used to satisfy a Deferred Benefit. A Deferred Account shall be credited with that amount of a Participant's Compensation deferred according to a Participant's Deferral Election Form.