ZBRA » Topics » ARTICLE IV CREDITING OF ACCOUNTS

This excerpt taken from the ZBRA 8-K filed Feb 9, 2005.

ARTICLE IV

CREDITING OF ACCOUNTS

 

4.1                                 Crediting of Accounts.  All amounts deferred by a Participant under the Plan shall be credited to his or her Account in the Plan.  Each Participant’s Account shall be credited or charged with its share of investment earnings or losses determined in accordance with Section 4.2, and shall be charged with all distributions made to the Participant or to his or her Beneficiary.  Accounts shall be maintained for bookkeeping purposes only, and shall not require the segregation of funds or establishment of a separate fund.

 

4.2                                 Earnings.  Each Participant’s Account shall be adjusted upward or downward, on a weekly (or as otherwise determined by the Administrator) basis to reflect the investment return that would have been realized had such amounts been invested in one or more investments selected by the Participant from among the assumed investment alternatives designated by the Administrator for use under the Plan.  The Administrator may designate and change investment alternatives in its sole discretion from time to time, and designate the manner in which Accounts shall be invested in default of any election.  At such other intervals as may be determined by the Administrator, Participants may change the assumed investment alternatives in which their Account will be deemed invested for such quarter.  Participant elections of assumed investment alternatives shall be made at the time and in the form determined by the Administrator, and shall be subject to such other restrictions and limitations as the Administrator shall determine.

 

4.3                                 Account Statements.  Account statements will be generated or made available to Participants no less often than annually.  Account statements will reflect all Account activity during the reporting period, including Account contributions, distributions and earnings credits.  Notwithstanding the foregoing, the failure to provide an account statement shall not constitute a breach of this Plan or entitle any Participant to any amount that he would not otherwise be entitled to under the Plan.

 

4.4                                 Vesting.  Subject to Sections 9.1 and 9.2, a Participant is always 100% vested in his or her Account in the Plan at all times.  Notwithstanding the foregoing, benefits other than distribution of the Participant’s Deferrals shall not be paid, or shall cease to be paid, to any Participant who discloses confidential information or trade secrets concerning any Employer without the Employer’s consent, or engages in any activity that is materially damaging to the Employer, in each case as determined by the Administrator in its sole discretion.

 



 

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