eTrade 2009 Annual Report Download - page 230

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23
or any substantially similar position, if such impairment can be expected to result in death or can be expected to last for a
continuous period of 6 months.
11.30“Specified Employee” shall mean any Participant determined by the Committee to be a “key employee” as defined in Code
section 416(i) of any Related Company. On each December 31, the Committee shall identify Specified Employees using the
definition of “compensation” provided in Treasury Regulation section 1.415(c)-2(a) in accordance with Treasury Regulation
section 1.409A-1(i)(2). All Participants so identified shall be Specified Employees for the twelve (12) month period beginning
on the next April 1.
11.31“Trust” shall mean one or more trusts established pursuant to that certain Master Trust Agreement, dated as of January 1, 2001
between the Company and the trustee named therein, as amended from time-to-time.
11.32“Unforeseeable Emergency” shall mean an unanticipated emergency that is caused by an event beyond the control of the
Participant that would result in severe financial hardship to the Participant resulting from (i) an illness or accident of the
Participant or the Participant’s spouse, the Participant’s beneficiary, or the Participant’s dependent (as defined in Code section
152, without regard to Code sections 152(b)(1), (b)(2), and (d)(1)(B)), (ii) a loss of the Participant’s property due to casualty, or
(iii) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the
Participant, all as determined in the sole discretion of the Committee.
11.33“Years of Service” shall mean the total number of full years in which a Participant has been employed by one or more
Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a
leap year) that, for the first year of employment, commences on the Employee’s date of hiring and that, for any subsequent year,
commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.