SBAC » Topics » Other Termination of Employment

This excerpt taken from the SBAC DEF 14A filed Apr 4, 2008.

Other Termination of Employment

If the employment of a participant terminates for any reason, including death, disability, termination for cause or termination without cause, any remaining balance of the amounts previously withheld will be refunded to the participant or the participant’s estate within 21 days of the date the participant ceased to be eligible or was no longer employed by us or any of our subsidiaries. Upon payment to the participant, the participant’s beneficiary or estate of any remaining balance in his or her plan account, the participant’s interest in the 2008 Purchase Plan and his or her option under the 2008 Purchase Plan immediately terminate.

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