NetSpend 2011 Annual Report Download - page 149
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(c)
Death Benefit.
A designated Beneficiary who is entitled to receive a Death Benefit shall receive payment of such benefit in a
single lump sum.
(d)
Change in Control. A Participant will receive his or her Termination Benefit in a single lump sum payment equal to the
unpaid balance of all of his or her Accounts if Separation from Service occurs within 24 months following a Change in
Control.
A Participant or Beneficiary receiving installment payments when a Change in Control occurs will receive the remaining
account balance in a single lump sum during the calendar month following the Change in Control.
(e)
Small Account Balances. The Committee shall pay the value of the Participant’
s Accounts upon a Separation from Service in
a single lump sum if the balance of such Accounts is not greater than the applicable dollar amount under Code Section 402(g)
(1)(B), provided the payment represents the complete liquidation of the Participant’s interest in the Plan.
(f)
Rules Applicable to Installment Payments. If a Payment Schedule specifies installment payments, annual payments will be
made beginning as of the payment commencement date for such installments and shall continue on each anniversary thereof
until the number of installment payments specified in the Payment Schedule has been paid. The amount of each installment
payment shall be determined by dividing (a) by (b), where (a) equals the Account Balance as of the Valuation Date
immediately preceding the applicable payment date and (b) equals the remaining number of installment payments.
For purposes of Article VII, installment payments will be treated as a single form of payment. If a lump sum equal to less
than 100% of the Termination Account is paid, the payment commencement date for the installment form of payment will be
the first anniversary of the payment of the lump sum.
6.3
Acceleration of or Delay in Payments. The Committee, in its sole and absolute discretion, may elect to accelerate the time or form of
payment of a benefit owed to the Participant hereunder, provided such acceleration is permitted under Treas. Reg. Section 1.409A-3(j)
(4). The Committee may also, in its sole and absolute discretion, delay the time for payment of a benefit owed to the Participant
hereunder, to the extent permitted under Treas. Reg. Section 1.409A-
2(b)(7). If the Plan receives a domestic relations order (within the
meaning of Code Section 414(p)(1)(B)) directing that all or a portion of a Participant’s Accounts be paid to an “alternate payee,” any
amounts to be paid to the alternate payee(s) shall be paid in a single lump sum.
14