DTV » Topics » Leave of Absence

This excerpt taken from the DTV 10-K filed Mar 1, 2005.

Leave of Absence

 

10.1 Paid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take a paid leave of absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and the Annual Deferral Amount, Annual Restricted Stock Unit Amount and Annual Long-Term Achievement Plan Amount of such Participant shall continue to be withheld during such paid leave of absence in accordance with Sections 3.4 and 3.5.

 

10.2

Unpaid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take an unpaid leave of absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and the

 

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Hughes Electronics Corporation

Executive Deferred Compensation Plan

Master Plan Document

 

Participant shall be excused from making deferrals of Base Annual Salary and/or Annual Bonus until the earlier of the date the leave of absence expires or the Participant returns to a paid employment status. Upon such expiration or return, deferrals of Base Annual Salary and/or Annual Bonus shall resume for the remaining portion of the Plan Year in which the expiration or return occurs, based on the deferral election, if any, made for that Plan Year. In no election was made for that Plan Year, no deferral shall be withheld. Deferrals of Annual Restricted Stock Unit Amounts and Annual Long-Term Achievement Plan Awards shall continue to be withheld during any such paid leave of absence in accordance with Sections 3.4 and 3.5.

 

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