NetSpend 2011 Annual Report Download - page 139

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2.16
Compensation Committee . Compensation Committee means the Compensation Committee of the Company’s Board of Directors.
2.17
Compensation Deferral Agreement.
Compensation Deferral Agreement means an agreement between a Participant and a Participating
Employer that specifies: (i) the amount of each component of Compensation that the Participant has elected to defer to the Plan in
accordance with the provisions of Article IV, and (ii) the Payment Schedule applicable to one or more Accounts. The Committee may
permit different deferral amounts for each component of Compensation and may establish a minimum or maximum deferral amount
for each such component. Unless otherwise specified by the Committee in the Compensation Deferral Agreement, Participants may
defer up to (80%) of their base salary and up to (100%) of other types of Compensation for a Plan Year. A Compensation Deferral
Agreement may also specify the investment allocation described in Section 8.4.
2.18
Death Benefit. Death Benefit means the benefit payable under the Plan to a Participant’s Beneficiary(ies) upon the Participant’s death
as provided in Section 6.1 of the Plan.
2.19
Deferral. Deferral means a credit to a Participant’s Account(s) that records that portion of the Participant’s Compensation that the
Participant has elected to defer to the Plan in accordance with the provisions of Article IV. Unless the context of the Plan clearly
indicates otherwise, a reference to Deferrals includes Earnings attributable to such Deferrals.
Deferrals shall be calculated with respect to the gross cash Compensation payable to the Participant prior to any deductions or
withholdings, but shall be reduced by the Committee as necessary so that it does not exceed 100% of the cash Compensation of the
Participant remaining after deduction of all required income and employment taxes, 401(k) and other employee benefit deductions,
and other deductions required by law. Changes to payroll withholdings that affect the amount of Compensation being deferred to the
Plan shall be allowed only to the extent permissible under Code Section 409A.
2.20
Deferral Range. Deferral Range means the period of time determined by the Committee within which a Participant can elect to
receive installment payments pursuant to Sections 6.2(a), 6.2(b) and/or Article VII of the Plan. Absent further action by the
Committee, the Deferral Range shall be no less than two years and no more than five years. In no instance may the Deferral Range for
any Account (which shall include initial deferral elections under Sections 6.2(a) and/or (b) of the Plan and/or re-deferral elections
under Article VII of the Plan) exceed fifteen years.
2.21
Earnings. Earnings means a positive or negative adjustment to the value of an Account, based upon the allocation of the Account by
the Participant among deemed investment options in accordance with Article VIII.
2.22
Effective Date. Effective Date means June 1, 2009.
4