ADP 2012 Annual Report Download - page 104

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1.20 “ Enrollment Period ” shall mean a period of time, as determined by the Committee with respect to each Plan Year, ending no later
than the December 31 preceding the end of the performance period with respect to which the Annual Incentive Amounts or PBRS Awards, as
applicable, for such Plan Years relate; provided , however , that if the relevant performance period does not end on June 30, the Enrollment
Period shall end at least six months before the conclusion of the applicable performance period.
1.21 “ ERISA ” shall mean the Employee Retirement Income Security Act of 1974, as amended.
1.22 “ Exchange Act ” means the Securities Exchange Act of 1934, as amended, and any successor thereto. Reference in the Plan to any
section of (or rule promulgated under) the Exchange Act shall be deemed to include any rules, regulations or other interpretative guidance
under such section or rule, and any amendments or successor provisions to such section, rules, regulations or guidance.
1.23 “ Fund ” or “ Funds ”
shall mean one or more of the investment funds selected by the Committee, or its designee, to which Participants
may elect to make deemed investments pursuant to Section 3.3.
1.24 “ In-Service Distribution Date ” shall mean, in the case of a distribution to be made while the Participant is still employed by the
Company, the month of September of the Plan Year elected by the Participant.
1.25 “ Investment Rate ” shall mean, (i) for each Fund with a fixed rate of return, the annual interest rate applicable to such Fund, as
determined by the Committee from time to time, and (ii) for any Fund that does not have a fixed rate of return, any appreciation or depreciation
in the value of the investment in which the Participant is deemed invested.
1.26 “ Participant ” shall mean any Eligible Employee who becomes a Participant in this Plan in accordance with Article II.
1.27 “ PBRS Awards ” shall mean, for any Plan Year, the number of shares of Company Common Stock earned by a Participant under the
PBRS Program.
1.28 “ PBRS Program ” shall mean the Company’s performance-based restricted stock program under the Company’s 2008 Omnibus
Award Plan (or any successor plan), as in effect from time to time.
1.29 “ Plan ” shall mean this Automatic Data Processing, Inc. Deferred Compensation Plan.
1.30 “ Plan Administrator ” shall mean, if applicable, any record keeper appointed by the Company (which may include an Affiliate of the
Company) to perform administrative and other functions associated with the Plan.
1.31 “ Plan Year ” shall mean the Company’s fiscal year, which runs from July 1 to June 30.
4