eTrade 2008 Annual Report Download - page 216

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ARTICLE V
BENEFITS
SECTION 5.01—RETIREMENT BENEFITS.
On a Participant’s Retirement Date, his Vested Account shall be distributed to him according to the distribution of benefits
provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X.
SECTION 5.02—DEATH BENEFITS.
If a Participant dies before his Annuity Starting Date, his Vested Account shall be distributed according to the distribution of
benefits provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X.
SECTION 5.03—VESTED BENEFITS.
If an Inactive Participant’s Vested Account is not payable under the SMALL AMOUNTS SECTION of Article X, he may elect,
but is not required, to receive a distribution of any part of his Vested Account after he has a Severance from Employment. A
distribution under this paragraph shall be a retirement benefit and shall be distributed to the Participant according to the distribution o
f
benefits provisions of Article VI.
A Participant may not elect to receive a distribution under the provisions of this section after he again becomes an Employee
until he subsequently has a Severance from Employment and meets the requirements of this section.
If an Inactive Participant does not receive an earlier distribution, upon his Retirement Date or death, his Vested Account shall be
distributed according to the provisions of the RETIREMENT BENEFITS SECTION or the DEATH BENEFITS SECTION of this
article.
The Nonvested Account of an Inactive Participant who has had a Severance from Employment shall remain a part of his
Account until it becomes a Forfeiture. However, if he again becomes an Employee so that his Vesting Percentage can increase, the
Nonvested Account may become a part of his Vested Account.
SECTION 5.04—WHEN BENEFITS START.
(a) Unless otherwise elected, benefits shall begin before the 60th day following the close of the Plan Year in which the latest
date below occurs:
(1) The date the Participant attains age 65 (or Normal Retirement Age, if earlier).
(2) The 10th anniversary of the Participant’s earliest Entry Date.
(3) The date the Participant terminates service with the Employer.
RESTATEMENT DECEMBER 15, 2006
49
ARTICLE V (5-19047)