Classmates.com 2008 Annual Report Download - page 168
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14.
Deferred Issuance Date .
(a)
It is the intention of the parties that the provisions of this Agreement comply with the requirements of the
short-term deferral exception of Section 409A of the Code and Treasury Regulations Section 1.409A-1(b)(4). Accordingly, to the extent there is
any ambiguity as to whether one or more provisions of this Agreement would otherwise contravene the requirements or limitations of Code
Section 409A applicable to such short-term deferral exception, then those provisions shall be interpreted and applied in a manner that does not
result in a violation of the requirements or limitations of Code Section 409A and the Treasury Regulations thereunder that apply to such
exception.
(b)
If and to the extent this Agreement may be deemed to create an arrangement subject to the requirements of
Section 409A, then no Shares or other amounts which become issuable or distributable by reason of Participant’s cessation of Service shall
actually be issued or distributed to Participant prior to the earlier of (i) the first day of the seventh (7th) month following the date of his or her
Separation from Service due to such cessation of Service or (ii) the date of Participant’s death, if Participant is deemed at the time of such
Separation from Service to be a specified employee under Section 1.409A-1(i) of the Treasury Regulations issued under Code Section 409A, as
determined by the Plan Administrator in accordance with consistent and uniform standards applied to all other Code Section 409A arrangements
of the Corporation, and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code Section 409A
(a)(2). The deferred Shares or other distributable amount shall be issued or distributed in a lump sum on the first day of the seventh (7th) month
following the date of Participant’s Separation from Service or, if earlier, the first day of the month immediately following the date the
Corporation receives proof of Participant’s death.
IN WITNESS WHEREOF , the parties have executed this Agreement on the day and year first indicated above.
6
UNITED ONLINE, INC.
By:
Mark R. Goldston
Title:
Chairman, Chief Executive Officer and President
PARTICIPANT
Name: <Participant Name>
Signature: <Signed Electronically>
Social Security No: <SSN>