This excerpt taken from the FTEK DEF 14A filed Apr 23, 2007.
Payout of Deferred Amounts
Amounts credited to a participants account will be paid out to the participant, or to the participants beneficiaries by the laws of descent and distribution, in a lump sum in cash, in cash installments over not more than
five years or in a number of whole shares of Fuel Tech stock, all according to the election of the participant. Payout will begin on the commencement date elected by the participant, but may be earlier in the event of the participants death or disability or a Change in Control as defined in the Plan, a copy of which is set out in Schedule I to this proxy statement.