These excerpts taken from the PBI 10-K filed Mar 13, 2006.
TERMINATION OF EMPLOYMENT
Page 10 of 16
agree to perform the Companys obligations under the Plan in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.
Any good faith determination made by a Participant that an event described in subparagraphs 1 through 5 of this Section 5.1 has occurred shall be conclusive.
In case of death, any unpaid payment or benefits to which the Participant was entitled at the time of death shall be paid to the Participants survivors or estate.
Page 11 of 16
Termination of Employment. Upon Termination of Employment, Disability or death, a Participant shall forfeit all rights and entitlements to actively participate in the Plan, including the . opportunity to make further . deferral elections of Eligible Compensation, gain on related Gain Shares, direction of deemed investment funds and any other activities offered to active Participants, unless the Administrative Committee in its sole discretion decides otherwise.