 What does the Participant have the opportunity to irrevocably elect to receive in the event of a Change in Control?
A Participant, in connection with his or her commencement of participation in the Plan, shall have an opportunity to irrevocably elect to receive the total Distributable Amount from the Deferral Account and Company Contribution Account in the form of a lump sum payment in the event a Change in Control occurs prior to the complete distribution of the Participant’s Accounts (the “ Change in Control Benefit ”). Such lump sum payment shall be made on the Payment Date following the Change in Control. If a Participant elects not to receive a Change in Control Benefit, or fails to make an election in connection with his or her commencement of participation in the Plan, the Participant’s Accounts shall be paid in accordance with the other applicable provisions of the Plan.
Plan