NetSpend 2011 Annual Report Download - page 143

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2.42
Unforeseeable Emergency. Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness or
accident of the Participant, the Participant’s spouse, the Participant’s dependent (as defined in Code section 152, without regard to
section 152(b)(1), (b)(2), and (d)(1)(B)), or a Beneficiary; loss of the Participant’s property due to casualty (including the need to
rebuild a home following damage to a home not otherwise covered by insurance, for example, as a result of a natural disaster); or
other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The
types of events which may qualify as an Unforeseeable Emergency may be limited by the Committee.
2.43
Valuation Date. Valuation Date means each Business Day.
ARTICLE III.
Eligibility and Participation
3.1
Eligibility and Participation. An Eligible Employee becomes a Participant upon the earlier to occur of: (i) a credit of Company
Contributions under Article V, or (ii) receipt of notification of eligibility to participate.
3.2
Duration. A Participant shall be eligible to defer Compensation and receive allocations of Company Contributions, subject to the
terms of the Plan, for as long as such Participant remains an Eligible Employee. A Participant who is no longer an Eligible Employee
but has not incurred a Separation from Service may not defer Compensation under the Plan after the Plan Year in which he or she
became ineligible but may otherwise exercise all of the rights of a Participant under the Plan with respect to his or her Account(s). On
and after a Separation from Service, a Participant shall remain a Participant as long as his or her Account Balance is greater than zero
(0), and during such time may continue to make allocation elections as provided in Section 8.4. An individual shall cease being a
Participant in the Plan when all benefits under the Plan to which he or she is entitled have been paid.
ARTICLE IV.
Deferrals
4.1
Deferral Elections, Generally .
(a)
A Participant may elect to defer Compensation by submitting a Compensation Deferral Agreement during the enrollment
periods established by the Committee and in the manner specified by the Committee, but in any event, in accordance with
Section 4.2. A Compensation Deferral Agreement that is not timely filed with respect to a service period or component of
Compensation shall be considered void and shall have no effect with respect to such service period or Compensation. The
Committee may modify any Compensation Deferral Agreement prior to the date the election becomes irrevocable under the
rules of Section 4.2.
8