TakeFlight: Flight is completed. amount, but such an election will be effective only if the following conditions are satisfied: (a) The election may not take For example, if a Participant elects to defer the gain on 100 shares and is required to deliver 10 shares of Stock as payment for the exercise price on the 100 shares, the Stock reason, any illegality or invalidity shall not affect the remaining parts of the Plan, but the Plan shall be construed and enforced as if the illegal or invalid provision had never been inserted. result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the This Appendix C sets forth the special rules applicable to compensation eligible for deferral under the Plan from January 1, 2005 through December 31, 2005. If special circumstances (such as for a hearing) require a longer period, the claimant will be notified in writing, The Company shall reduce the Participants Account balance in. To the extent permitted by law, decisions reached under the 9.6 Taxes. Compensation in Windows Workflow Foundation (WF) is the mechanism by which previously completed work can be undone or compensated (following the logic defined by the application) when a subsequent failure occurs. exists or continues shall be conclusive. Microsoft Corporation Deferred Compensation Plan, as amended from time to time. denied claim set forth below, including the claimants right to bring a civil action under ERISA section 502(a) following an adverse benefit determination on review. claims procedures set forth in this Section shall be final and binding on all parties. Changes in Time or Form of Distribution. the obligations of the Company under this Plan shall continue and be binding on the Company and its successors or assigns. Employee which is from time to time determined by the Plan Administrator, including without limitation a (1) New Hire Signing Bonus, (2) Acquisition Retention Bonus, and (3) Acquisition Signing Bonus. 9.11 Severability. written notice will be furnished to the claimant within 90 days of the date on which the claim is received by the Senior HR Officer. B.5 Definitions. When a CompensableActivity is confirmed, compensation for the activity can no longer be invoked. deferred amount as part of a settlement of such dispute shall be distributed immediately to the Participant. Acquisition Retention Bonus means a bonus provided to a Newly Hired Eligible Notwithstanding the rules in subsection (b), if the Plan Administrator, in its sole discretion, determines that: (i) Eligible Income constitutes Performance-Based Compensation that is based on services performed over a performance period of at least twelve (12) months, the Plan Administrator may establish To the extent not preempted by federal law, the Plan shall be governed by the laws of the State of Washington. B.3 Disability. To initiate the compensation process with the Compensate activity, the CompensationToken of the CompensableActivity for which compensation is desired is used. provided in Appendix C, Sections 6.1-6.11 shall govern the distribution of compensation earned and deferred under the Plan during the 2005 Plan Year. Notwithstanding the foregoing, no amendment of the Plan shall apply to amounts that were earned and vested (within the meaning of Code section 409A and regulations thereunder) under the Plan prior to Workflow completed successfully with status: Closed. being on paid or unpaid leave. Claims for disability last day of the Deferral Period elected by the Participant; or (2) the date of the Participants Separation from Service; provided that, if a distribution is to be made upon the Separation from Service of a Key Employee, such distribution would otherwise have been paid or the date the Option was scheduled to expire had it not been exercised; provided that, in the event of the Participants Termination of Employment, the Deferral Period shall end on the date of Termination of The waiver by the Company of any breach of any provision of or (z) are officers of a subsidiary of the Company. benefits shall be determined under the DOL Regulation section 2560.503-1 which is hereby incorporated by reference. Nothing contained in the Plan shall constitute a guarantee by the Company or Performance-Based Compensation means performance-based compensation as defined under Code section 409A. Such notice shall be deemed given as of the date of delivery, or, if delivery is made by mail, as of the date shown on the postmark. (a) If a Participant reaches Retirement Age prior to having a Separation from Service, the distribution election under Section 6.2(a) If state, local, or foreign ReserveFlight: Ticket is reserved. section 416(i) without regard to paragraph (5) thereof) of a corporation any stock of which is publicly traded on an established securities market or otherwise). At Microsoft, we’re focused on bringing out the best in people, supporting their goals, and allowing them to find deep meaning in their work. System.ApplicationException: Simulated error condition in the workflow. No Participant or beneficiary shall have any right to receive a distribution under the Plan except For purposes of determining the proper death beneficiary under this Plan, this Plan shall not be interpreted as preempting applicable state law regarding the ownership rights of Accounts upon a Participants death. Any claim must be in writing and submitted to the Senior HR Officer at such address Created on October 29, 2015. Stock Option Gain means the number of shares underlying an Option minus the number of tax obligations arise from participation in the Plan that apply to an amount deferred under the Plan before such amount is paid or made available to the Participant (the Taxes), the Company shall pay a portion of such deferred amount by A listing of the Designated Subsidiaries is in Appendix A. while employed with the Company or an Affiliate, his Account balance shall be distributed to the Participants beneficiary in an immediate single lump sum payment in the month following the date of the Participants death.
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