ADP 2012 Annual Report Download - page 112

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(2) All other Separations from Service . If, at the time of the Participant’s Separation from Service, a Participant has neither (i)
attained age 55 and has completed ten years of service nor (ii) attained age 65, then the Participant’
s entire Account balance shall be distributed
in a single lump sum. In any such case, the Distributable Amounts shall be valued as of the ninth day of the seventh month following the
Separation from Service, and the distribution thereof shall be made as soon as administratively possible (and in no event later than 90 days)
thereafter.
(b) Death . In the case of the death of a Participant, either while employed by the Company or prior to distribution of the Participant’s
entire Account balance, the Participant’s Account balance shall be distributed to the Participant’s Beneficiary as soon as administratively
possible and in no event later than 90 days following the death of the Participant. The value of the Participant’s Account shall be determined as
of the date on which the Participant dies.
(c) Disability . In the case of the Disability of a Participant prior to the commencement of distribution of the Participant’s Account
balance, the Participant’s Account balance shall be distributed to the Participant in a lump sum as soon as administratively possible (and in no
event later than 90 days) after it has been determined that the Participant suffers from a Disability. The value of the Participant’s Account shall
be determined as of the date on which it has been determined that the Participant suffers from a Disability.
6.3 Unforeseeable Emergency . A Participant shall be permitted to elect a distribution from his Bonus Deferral Subaccount, vested
Company Matching Contribution Subaccount and/or vested Company Stock Unit Subaccount, if any, prior to the date the Accounts were
otherwise to be distributed in the event of an Unforeseeable Emergency, subject to the following restrictions:
(a) the election to take a distribution due to an Unforeseeable Emergency shall be made by requesting such a distribution in writing to
the Committee, including the amount requested and a description of the need for the distribution;
(b) the Committee shall make a determination, in its sole discretion, that the requested distribution is on account of an Unforeseeable
Emergency; and
(c) the Unforeseeable Emergency cannot be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by
liquidation of the Participant’
s assets, to the extent the liquidation of assets would not itself cause severe financial hardship, or (iii) by cessation
of deferrals under this Plan.
12