SMG » Topics » 3.02 Duration of Election to Participate.
This excerpt taken from the SMG 8-K filed Feb 2, 2005.
3.02 Duration of Election to
Subject to the terms of the Plan:
elections will be implemented beginning with the first payroll
period ending in the Offering Period for which it is filed and
will remain in effect until revoked or changed under the rules
described in Section 3.02.
 A Participant
who elects to participate in the Plan for any Offering Period by
complying with the rules described in Section 3.01 may
change or revoke that election for any subsequent Offering
Period but only by complying with the rules described in
Section 3.01 as if the changed or revoked election were a
new election. Any change to or revocation of an earlier election
will be effective as of the first day of the first Offering
Period beginning at least 15 calendar days after the revised
election is delivered to the Committee and will remain in effect
until revoked or changed under the rules described in this
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