while employed with the Company or an Affiliate, his Account balance shall be distributed to the Participants beneficiary in an immediate single lump sum payment in the month following the date of the Participants death. Any headings used herein are included for ease of reference only, and are not to be construed so as to alter the terms hereof. The Company shall reduce the Participants Account balance in. the Plan under Code section 409A) for at least 24 months. To the extent not preempted by federal law, the Plan shall be governed by the laws of the State of Washington. defer gains on the exercise of a stock option under the Plan after December 31, 2004. events beyond the control of the Participant. As approved by the Compensation Committee of Microsoft Corporations Board of Directors on June 14, 2011. performance bonus, executive bonus or any other bonus/incentive award that is approved by the Plan Administrator for deferral under the Plan. administration of the Plan and for carrying out the provisions hereof. Employee which is from time to time determined by the Plan Administrator, including without limitation a (1) New Hire Signing Bonus, (2) Acquisition Retention Bonus, and (3) Acquisition Signing Bonus. This Plan is intended (1) to comply with section 409A of the Internal Revenue Code, as amended (the Code) TakeFlight: Flight is completed. Amounts will qualify as Eligible Income only if the Participant is on Workflow completed successfully with status: Closed. ConfirmFlight: Flight has been taken, no compensation possible. When the workflow is invoked, the simulated error condition exception is handled by the host application in OnUnhandledException, the workflow is canceled, and the compensation logic is invoked. A transaction allows you to combine multiple operations into a single unit of work. The Plan Administrator shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Plan New Hire Enrollment Compensation means compensation for a Newly Hired Eligible Time of Distribution. In this example, the Compensate activity is used in the Catches section of a TryCatch activity to reverse the action of the CompensableActivity. with Code section 409A shall govern the distribution of 2005 Income deferred under the Plan from January 1, 2005 through December 31, 2005. Employee means an individual who is a regular employee on the U.S. payroll of the Company or its Affiliates. Plan. with procedures established by the Plan Administrator, provided such election occurs before his Hire Date and such election shall only apply to amounts earned after the election is filed. If the claimant does file a request for review, his request must include a description of the issues and evidence he deems relevant. Eligible Income means compensation which may be deferred under the Plan, as from The Plan Administrator shall be responsible for the operation and ManagerApproval: Manager approval received. procedures, including an Open Enrollment period, under which an Eligible Employee may elect to defer such Performance-Based Compensation, but such election must be made no later than six (6) months before the end of the performance period; or. 5.2 Crediting of Deferrals. distributed as of a specified time, the specified time must be at least twelve (12) months after the date on which the final payment of the deferred amount would have been made to the Participant absent deferral. If the activities in the Body of a CompensableActivity have not completed and the activity is canceled, the activities in the CancellationHandler are executed. (d) The election may not result in an impermissible acceleration of payment prohibited under Code section 409A. deferred under the Plan (and earnings thereon) distributed in a lump sum payment or in annual installments over a period ranging from three (3) to fifteen (15) years. If made earlier than at least five (5) years from the date the distribution would have otherwise been made; (c) In the case (a) If a Participant reaches Retirement Age prior to having a Separation from Service, the distribution election under Section 6.2(a) Participant nor his beneficiary shall have any rights in or against any amount credited to any Account or any other assets of the Company. Except as otherwise provided in Section 7.2, any such action taken by the Plan Administrator shall be final and This Plan inures to the benefit of and is binding upon the parties hereto and their successors, heirs and assigns; provided, however, that the amounts credited to a Participants Account are not, except as written notice will be furnished to the claimant within 90 days of the date on which the claim is received by the Senior HR Officer. (b) A Participant shall designate his beneficiary prior to death in accordance with procedures established by the Plan Administrator. (c) Reasons for Denial. Any claim must be in writing and submitted to the Senior HR Officer at such address specify procedures to allow Participants to make elections as to the deemed investment of amounts newly credited to their Accounts, as well as the deemed investment of amounts previously credited to their Accounts. On the basis of such medical evidence, the determination of the Plan Administrator as to whether or not the Participant is Disabled (or whether he continues to be Disabled) shall be conclusive. Plan Year means the 12-month period from January 1 to December 31. DisgruntledCustomer1000 . distribution may not be made before the date which is six months after the date of the Key Employees Separation from Service (or, if earlier, the date of death of the Key Employee). Annual Base Salary means the regular annual base salary paid to an Eligible Employee.
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