EMC 2006 Annual Report Download - page 120

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(b) With respect to the vested portion, if any, of the Participant's Company Credit Subaccount, unless the Participant makes an effective election
to change the time or form of distribution, as described in Section 4.1, payments to be made upon Retirement will be made in a single lump sum in cash
or, in the case of Compensation payable in Company Stock, in Company Stock. The unvested portion, if any, of the Participant's Company Credit
Subaccount shall be forfeited automatically upon Retirement.
(c) A Participant may elect, either in the initial Elective Deferral election or by means of an effective election to change the time or form of
distribution, as described in Section 4.1, to receive the balance of the Participant's Account in payments of five, ten or fifteen annual installments. A
Participant shall elect, either in the initial Elective Deferral election or an effective election to change the time or form of distribution, as described in
Section 4.1, the year in which the first installment shall be made following Retirement or Resignation of Service. The first installment shall be made in
January of the year elected and succeeding installments shall be made in January of the four, nine, or fourteen years, as applicable, following the year
elected. If a Participant shall fail to elect the date upon which the first installment shall be made following Retirement or Resignation of Service, then
the first installment shall be made the January following Retirement or Resignation of Service and succeeding installments shall be made in January of
the following four, nine, or fourteen years, as applicable. The amount of each installment shall be determined by dividing the Participant's applicable
Account balance (adjusted through the day before the installment is paid) by the number of installments remaining. Notwithstanding the foregoing,
subject to the prior approval of the Administrator in its sole discretion, a Participant may elect, either in the initial Elective Deferral election or an
effective election to change the time or form of distribution, as described in Section 4.1, to receive the balance of the Participant's Account in such
amounts and at such times as the Participant shall describe in such election. Any election made under this Section 6.1(c) shall be made on a form
(whether written, electronic, or otherwise) prescribed or approved by the Administrator.
6.2. In-Service Distribution. In connection with his or her election to defer Compensation pursuant to Section 4.1, a Participant may specify a year as
the fixed distribution date for the commencement of payment of his or her Elective Deferral Subaccount which may be prior to termination of employment or
termination of service as a director of the Company, which shall be payable in a single lump sum distribution in January of the year elected or in five annual
installments commencing in January of the year elected; provided, however, that such fixed distribution date shall not be earlier than the third anniversary of
the last day of the Plan Year in which such Compensation was deferred. Any lump sum or installment distributions shall be paid in cash or, in the case of
Compensation payable in Company stock, in Company Stock. If such
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