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This excerpt taken from the SMG 10-Q filed May 6, 2009. Settlement. Subject
to the terms of the Plan, your vested DSUs shall be settled in a lump sum as
soon as administratively practicable, but no later than 90 days, following the
earliest to occur of: (i) your Termination; (ii) your death; (iii) the
date you become Disabled (as defined below); or (iv) the fifth anniversary of
the Grant Date (the “Settlement Date”). Your whole DSUs shall be
settled in full Shares, and any fractional DSU shall be settled in cash,
determined based upon the Fair Market Value of a Share on the Settlement
Date. For purposes of this Award Agreement, “Disabled” means that you
have been determined to be totally disabled by the Social Security
Administration.
(a) |
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