|LINCOLN ELECTRIC HOLDINGS INC filed this Form 10-Q on 10/30/2017|
benefits or cash provided under a plan of the Corporation maintained pursuant to Section 125 or 401(k) of the Code.
(g) “Beneficiary”: The person or persons (natural or otherwise), within the meaning of Section 6.5, who are entitled to receive distribution of the Participant’s Account balance in the event of the Participant’s death.
(h) “Board”: The Board of Directors of Holdings.
(i) “Bonus” or “Bonuses”: Any cash bonus earned by a Participant and payable to him by the Corporation with respect to any bonus plan year ending within a Plan Year without regard to any decreases as a result of an election to defer any portion of a bonus under this Plan, or an election between benefits or cash provided under a plan of the Corporation maintained pursuant to Section 125 or 401(k) of the Code.
(j) “Cash LTIP”: Any cash incentive award made under the Lincoln Electric Holdings, Inc. Cash Long Term Incentive Plan.
(k) “Code”: The Internal Revenue Code of 1986, as amended from time to time, and any rules and regulations promulgated thereunder. Any reference to a provision of the Code shall also include any successor provision that modifies, replaces or supersedes it.
(l) “Committee”: The Compensation & Executive Development Committee of the Board, or its delegate hereunder.
(m) “Common Shares”: Shares of common stock of Holdings.
(n) “Compensation”: The amount of Base Salary plus Bonuses earned by a Participant and payable to him by the Corporation with respect to a Plan Year, plus the amount of Cash LTIP, if any, awarded to a Participant.
(o) “Corporation”: Holdings and any Participating Employer or any successor or successors thereto.
(p) “Deemed Investment Sub-account”: The portion of a Participant’s Account other than the Participant’s Deferred Performance Share Sub-account and Deferred RSU Sub-account.
(q) “Deferral Commitment”: An agreement by a Participant (i) to have a specified percentage or dollar amount of his or her Compensation deferred under the Plan, (ii) to have a specified percentage of his or her Performance Shares deferred under the Plan, and/or (iii) to have a specified percentage of his or her RSUs deferred under the Plan.
(r) “Deferral Period”:
(i) In the case of Base Salary or a Bonus, the Plan Year in which a Participant performs the services that relate to such Base Salary or Bonus.