ADP 2012 Annual Report Download - page 102

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1.4 “ Annual Incentive Amounts ” shall mean, as applicable, Annual Bonus Payments and Qualifying Sales Bonuses.
1.5 “ Beneficiary ” or “ Beneficiaries ” shall mean the person or persons designated in writing by a Participant in accordance with
procedures established by the Committee or the Plan Administrator to receive the benefits specified hereunder in the event of the Participant’s
death. No Beneficiary designation shall become effective until it is filed with the Committee or the Plan Administrator. If there is no such
designation or if there is no surviving designated Beneficiary, then the Participant’s surviving spouse shall be the Beneficiary. If there is no
surviving spouse to receive any benefits payable in accordance with the preceding sentence, the duly appointed and currently acting personal
representative of the Participant’s estate (which shall include either the Participant’s probate estate or living trust) shall be the Beneficiary.
1.6 “ Board of Directo rs” or “ Board ” shall mean the Board of Directors of Automatic Data Processing, Inc.
1.7 “ Bonus Deferral Subaccount ” shall mean the bookkeeping account maintained by the Company or the Plan Administrator for each
Participant that is credited with amounts equal to (i) the portion of the Participant’s Annual Incentive Amounts that he or she elects to defer,
and (ii) earnings and losses (based on the Investment Rate) attributable thereto.
1.8 “ Code ” shall mean the Internal Revenue Code of 1986, as amended. Reference in the Plan to any section of the Code shall be deemed
to include any regulations or other interpretative guidance under such section, and any amendments or successor provisions to such section,
regulations or guidance.
1.9 “ Committee ” shall mean a committee as the Compensation Committee may appoint to administer the Plan or, if no such committee
has been appointed by the Compensation Committee, then it shall be the Compensation Committee. As of the effective date of this Plan, the
Committee shall consist of (i) the person occupying the position of General Counsel of the Company, and (ii) the person occupying the position
of Chief Human Resources Officer of the Company. In the event of a vacancy in either the position of General Counsel or Chief Human
Resources Officer, then unless the Compensation Committee otherwise determines, the Committee shall consist of the remaining person until
such vacant position is filled.
1.10 “ Company ” shall mean Automatic Data Processing, Inc., a Delaware corporation.
1.11 “ Company Common Stock ” means the common stock, par value $.10 per share, of the Company.
1.12 “ Company Matching Contribution ” shall mean the amount, if any, contributed by the Company for a Participant with respect to a
Plan Year under Section 4.2.
2