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ARTICLE IV
DEFERRAL ACCOUNTS
4.1 Bonus Deferral Subaccount . The Company or Plan Administrator shall establish and maintain a Bonus Deferral Subaccount for each
Participant under the Plan. Each Participant’s Bonus Deferral Subaccount shall be further divided into separate subaccounts (“investment fund
subaccounts”), each of which corresponds to a Fund elected by the Participant. A Participant’s Bonus Deferral Subaccount shall be credited as
follows:
(a) on the day the amounts are withheld and/or deferred from a Participant’s Annual Incentive Amounts, with an amount equal to the
Annual Incentive Amounts deferred by the Participant; and
(b) on a daily basis, each investment fund subaccount of a Participant’s Bonus Deferral Subaccount shall be credited with earnings or
losses based on the applicable Investment Rate.
4.2 Company Matching Contributions . The Company shall match 50% of the first $20,000 of Annual Incentive Amounts deferred by a
Participant with respect to a Plan Year, but only if the Participant has elected for such Annual Incentive Amounts to be distributed following
the Participant’s Separation from Service; provided , however
, that this matching contribution shall not be made with respect to any Participant
who is either (i) an “officer” of the Company (as such term is defined under Rule 3b-7 of the Exchange Act) or (ii) a Corporate Vice President
of the Company, in either case, determined as of the first day of the Plan Year.
4.3 Company Matching Contribution Subaccount . The Company or Plan Administrator shall establish and maintain a Company Matching
Contribution Subaccount for each Participant who receives a Company Matching Contribution under the Plan. A Participant’s Company
Matching Contribution Subaccount shall be further divided into separate investment fund subaccounts, each of which corresponds to a Fund
elected by the Participant. A Participant’s Company Matching Contribution Subaccount shall be credited as follows:
(a) on the day such amount is deemed contributed, with an amount equal to the Company Matching Contribution Amount, if any; and
(b) on a daily basis, each investment fund subaccount of a Participant’s Company Matching Contribution Subaccount shall be credited
with earnings or losses based on the applicable Investment Rate.
4.4 Company Stock Unit Subaccount
. The Company or Plan Administrator shall establish and maintain a Company Stock Unit Subaccount
for each Participant who elects to defer receipt of a PBRS Award. A Participant’s Company Stock Unit Subaccount shall be credited as
follows:
(a)
on the day shares of Company Common Stock would otherwise be issued to the Participant under the PBRS Program, with a number
of Company stock units equal to the number of shares of Company Common Stock earned by the Participant under the PBRS Program; and
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