Qualcomm 2012 Annual Report Download - page 114

ARTICLE VIII
VESTING
8.1 Vesting of Deferrals. All Deferrals credited to a Participant's Account shall always be 100% vested.
8.2 Vesting of Matching and Discretionary Company Contributions.
A Participant's Matching and
Discretionary Company Contribution Subaccounts shall vest in accordance with whichever one of the following vesting
schedules results in the largest vested balance in the Participant's Account.
8.2.1
One hundred percent (100%) shall be vested upon the Participant's death, Disability, attainment
of age 65 while employed by the Employer, or completion of two (2) continuous Years of Service. All Participants who
have completed at least two (2) continuous Years of Service as of the Effective Date shall be one hundred percent
(100%) vested as of the Effective Date.
8.2.2 A Participant shall
be partially or fully vested in the discretion of the Compensation Committee,
so long as no acceleration of vesting results in an acceleration of payment prohibited under Section 409A of the Code.
8.2.3
A Participant shall be one hundred percent (100%) vested upon involuntary termination of
employment without Cause or voluntary termination of employment for Good Reason, in either case at any time within
twenty-four (24) months following a Change in Control.
8.3
Amounts credited to a Participant which are not vested at the time that the Participant has a Separation
from Service with the Employer shall be forfeited. A Participant who forfeits any such amounts shall have no rights to
the restoration of such amounts in the event that he or she once again becomes eligible to participate in the Plan.
ARTICLE IX
BENEFIT DISTRIBUTIONS
9.1 Benefit Amount
. The value of a Participant's Benefit shall equal the vested value of the Participant's
Subaccount(s) on the applicable Distribution Date. Distributions from a Participant's Matching Contributions or
Discretionary Company Contributions Subaccount credited as shares of Company Common Stock shall be paid in whole
shares of the Company's Common Stock, except as provided in Section 6.1.3 with respect to any fractional shares.
9.2 Timing of Distributions
. In accordance with the Participant's Election made at the time of the original
deferral (or a permissible later election, if applicable), Benefits shall be paid (or payments shall commence) within sixty
(60) days following the earliest of:
9.2.1 The date of the Participant's Separation from Service (including due to Retirement);
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