This excerpt taken from the LZ DEF 14A filed Mar 14, 2007.
EXCESS DEFINED CONTRIBUTION PLANS
The 2005 Excess Defined Contribution Plan provides highly paid employees with the portion of the profit sharing contribution that cannot be contributed to the Employees Profit Sharing and Savings Plan, a qualified defined contribution plan, because of tax law limitations and/or as a result of deferrals into a nonqualified deferred compensation plan. This plan also provides participants with a portion of the company match that cannot be contributed to the qualified Employees Profit Sharing and Savings Plan as a result of deferrals into a nonqualified deferred compensation plan. The investment funds in this plan are the same as in the qualified Employees Profit Sharing and Savings Plan. Upon a separation from service, the participant will receive a single lump sum cash payment payable the later of six months after the separation or 30 days following the calendar year in which the separation occurred. The participant may elect instead to receive the balance of his account in a single lump sum payment payable five years following the original distribution date or in annual installments of up to 10 payments, the first of which will be paid five years after the original distribution date. Benefits are vested 33% after one year of service, 66% after two years of service and 100% after three years of service, at age 55, upon disability or death, whichever is earliest. If a participant dies, payment will be made to the participants beneficiary.
The Excess Defined Contribution Plan, which applies to benefits accrued prior to January 1, 2005, has the same provisions as the 2005 Excess Defined Contribution Plan except that payment is made automatically in the form of a single lump sum payment payable within 30 days following separation from service. The participant may elect within 30 to 90 days prior to distribution to instead have his account balance paid in the form of a single lump sum payment payable within 30 days following the end of the calendar year in which the separation from service occurred or up to 10 annual installments.