NetSpend 2011 Annual Report Download - page 148

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Participant or Beneficiary is faced with an Unforeseeable Emergency permitting an emergency payment shall be determined
by the Committee based on the relevant facts and circumstances of each case, but, in any case, a distribution on account of
Unforeseeable Emergency may not be made to the extent that such emergency is or may be reimbursed through insurance or
otherwise, by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not cause severe
financial hardship, or by cessation of Deferrals under this Plan. If an emergency payment is approved by the Committee, the
amount of the payment shall not exceed the amount reasonably necessary to satisfy the need, taking into account the
additional compensation that is available to the Participant as the result of cancellation of deferrals to the Plan, including
amounts necessary to pay any taxes or penalties that the Participant reasonably anticipates will result from the payment. The
amount of the emergency payment shall be subtracted first from the vested portion of the Participant’s Termination Account
until depleted and then from the vested Specified Date Accounts, beginning with the Specified Date Account with the latest
payment commencement date. Emergency payments shall be paid in a single lump sum in the calendar month following the
date the payment is approved by the Committee.
6.2
Form of Payment .
(a)
Termination Benefit.
A Participant who is entitled to receive a Termination Benefit shall receive payment of such benefit in a
single lump sum, unless the Participant elects on his or her initial Compensation Deferral Agreement to have such benefit
paid in one of the following alternative forms of payment (i) substantially equal annual installments over a period
commencing and ending within the applicable Deferral Range, as elected by the Participant, or (ii) a lump sum payment of a
percentage of the balance in the Termination Account, with the balance paid in substantially equal annual installments
commencing and ending within the applicable Deferral Range, as elected by the Participant.
(b)
Specified Date Benefit. The Specified Date Benefit shall be paid in a single lump sum, unless the Participant elects on the
Compensation Deferral Agreement with which the account was established to have the Specified Date Account paid in
substantially equal annual installments commencing and ending within the applicable Deferral Range, as elected by the
Participant.
Notwithstanding any election of a form of payment by a Participant, each Specified Date Account maintained on behalf of a
Participant, to the extent unpaid as of the date of a Participant’s Separation From Service, shall be paid in accordance with
the form of payment applicable to the Participant’s Termination Benefit if either (1) the Participant has elected to receive his
or her Termination Benefit in a lump sum payment, or (2) the annual installments with respect to such Specified Date
Account have not commenced as of the date of the Participant’s Separation From Service.
13