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PBI » Topics » Contents of Participation Agreement.

This excerpt taken from the PBI 10-K filed Mar 13, 2006.
Contents of Participation Agreement. Each Participation Agreement shall set forth:

(i)     the Deferred Amount, expressed as either a dollar amount or a percentage of the total Eligible Compensation for such Plan Year or performance period; provided, that the minimum Deferred Amount for any Plan Year or performance period shall not be less than $2,000;

 

(ii)    the In-Service Distribution Date(s) and/or Deferral Period for portions, or all, of the Deferred Amount, which is not to be less than three years,

 

(iii)

the Form of Payment for In-Service Distributions and Retirement distribution;

 

(iv) investment selections made by the Participant in hypothetical investment funds under the Plan; and

 

(v)

and any other item determined to be appropriate by the Administrative Committee.

 

Section 4.03

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