SMG » Topics » 7.02 Distribution of Custodial Accounts.
This excerpt taken from the SMG 8-K filed Feb 2, 2005.
7.02 Distribution of Custodial
 Subject to
Section 8.00, no later than the earlier of [a] 12
full calendar months beginning after the end of each Offering
Period or [b] the date the Participant Terminates for any
reason, all whole shares of Stock and cash held in his or her
Custodial Account will be distributed to the Participant or
transferred as the Participant elects and any fractional shares
of Stock held in a Custodial Account will be converted to cash
equal to the Fair Market Value of the fractional share on the
 Shares of Stock
held in Custodial Accounts that are to be distributed to a
former Participant will be distributed in one or more
certificates for whole shares issued in the name of and
delivered to the Participant.
Accounts that are to be transferred to a broker-dealer or
financial institution that maintains an account for the
Participant will be transferred in one or more certificates for
whole shares, and cash in lieu of fractional shares will be paid
directly to the former Participant as determined under
 Any Participant
that wants to withdraw or transfer shares of Stock must give
instructions to the custodian in a form and manner that complies
with rules prescribed by the Committee and the custodian.
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