NetSpend 2011 Annual Report Download - page 150

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ARTICLE VII.
Modifications to Payment Schedules
7.1
Participant’s Right to Modify.
A Participant may modify any or all of the alternative Payment Schedules with respect to an Account,
consistent with the permissible Payment Schedules available under the Plan, provided such modification complies with the
requirements of this Article VII.
7.2
Time of Election. The date on which a modification election is submitted to the Committee must be at least 12 months prior to the
date on which payment is scheduled to commence under the Payment Schedule in effect prior to the modification.
7.3
Date of Payment under Modified Payment Schedule. Except with respect to modifications that relate to the payment of a Death
Benefit, the date payments are to commence under the modified Payment Schedule must be no earlier than five years after the date
payment would have commenced under the original Payment Schedule. Under no circumstances may a modification election result in
an acceleration of payments in violation of Code Section 409A.
7.4
Effective Date. A modification election submitted in accordance with this Article VII is irrevocable upon receipt by the Committee
and becomes effective 12 months after such date.
7.5
Effect on Accounts. An election to modify a Payment Schedule is specific to the Account or payment event to which it applies, and
shall not be construed to affect the Payment Schedules of any other Accounts.
ARTICLE VIII.
Valuation of Account Balances; Investments
8.1
Valuation.
Deferrals shall be credited to appropriate Accounts on the date such Compensation would have been paid to the Participant
absent the Compensation Deferral Agreement. Company Contributions shall be credited to the Termination Account at the times
determined by the Committee. Valuation of Accounts shall be performed under procedures approved by the Committee.
8.2
Adjustment for Earnings. Each Account will be adjusted to reflect Earnings on each Business Day. Adjustments shall reflect the net
earnings, gains, losses, expenses, appreciation and depreciation associated with an investment option for each portion of the Account
allocated to such option (“investment allocation”).
8.3
Investment Options . Investment options will be determined by the Committee. The Committee, in its sole discretion, shall be
permitted to add or remove investment options from the Plan menu from time to time, provided that any such additions or removals of
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