EMC 2010 Annual Report Download - page 111

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Article 6. PAYMENTS
6.1. Payment Upon Separation from Service. Subject to Sections 6.3 and 6.4 (concerning death and Disability), a Participant who has a Separation
from Service will receive his or her vested Account balance in the manner described in (a) below unless he or she elects, in accordance with Section 4.1, a
distribution method described in (b). A Participant may have different distribution forms for the Elective Deferral Subaccount and the Company Credit
Subaccount. Distributions will generally be made in cash, except that Compensation payable in Company Stock may be paid in Company Stock.
(a) Default Distribution Method. Except as provided in (b) below, a Participant's vested Account balance will be payable in a single lump sum
within ninety (90) days following the Participant's Separation from Service.
(b) Distribution Methods Available for Participants' (Other than Directors) on Retirement. Participants, other than a Participant who is a
member of the Board, whose Separation from Service results from Retirement may elect to receive their vested Account balances under this subsection
(b).
(1) Installments. A Participant may elect, in accordance with Section 4.1, to receive the vested balance of his or her Account in five (5), ten
(10), or fifteen (15) annual installments, commencing in January of the year elected and continuing in each succeeding January until fully paid. If
a Participant fails to elect a commencement date, payments will commence in January of the year following the Participant's Separation from
Service. The amount of each installment payment is determined by dividing the Participant's applicable Account balance (adjusted through the
day before the installment is paid) by the number of installments remaining.
(2) Other Methods. The Administrator, in its sole discretion, shall have discretion to provide that a Participant may elect under Section 4.1
to receive the balance of his or her Account at times or forms other than those specified in this section 6.1.
6.2. In–Service Distribution - Payment on a Fixed Date or Schedule. This Section 6.2 applies only to a Participant's Elective Deferral Subaccount.
Company Credit Subaccounts are subject to the other sections of this Article 6.
(a) General. A Participant may elect, in accordance with Section 4.1, a year as the fixed distribution date or for the commencement of payment.
Amounts subject to this election are payable in a single lump sum in January of the year elected or in five (5), ten (10) or fifteen (15) annual
installments commencing in January of the year elected. The fixed distribution date cannot be earlier than the day after the third anniversary of the last
day of the Plan Year in which the Compensation was deferred. For distributions payable in annual
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