MassMutual 8/18/2017 - Laserfiche WebLink

SECTION I DEFINITIONS 1.1 Plan Definitions For purposes of this Plan,the following words and phrases have the meaning set forth below, unless a different meaning is plainly required by the context: An "Account Balance" means the bookkeeping account maintained with respect to each Participant which reflects the value of the deferred Compensation credited to the Participant, including the Participant's Annual Deferrals,the earnings or loss of the Trust Fund(net of Trust Fund expenses) allocable to the Participant, any transfers for the Participant's benefit, and any distribution made to the Participant or the Participant's Beneficiary.If a Participant has more than one Beneficiary at the time of the Participant's death,then a separate Account Balance shall be maintained for each Beneficiary. The Account Balance includes any account established under Section VII for rollover contributions and plan-to-plan transfers made for a Participant,the account established for a Beneficiary after a Participant's death, and any account or accounts established for an alternate payee (as defined in Code Section 414(0(8)). The "Administrator" means the Employer. The term Administrator includes any person or persons,committee, or organization appointed by the Employer to administer the Plan. An "Annual Deferral" means the amount of Compensation deferred in any calendar year. The "Beneficiary" of a Participant means the person or persons(or, if none,the Participant's estate)who is entitled under the provisions of the Plan to receive a distribution in the event the Participant dies before receiving distribution of his or her entire interest under the Plan. The "Code" means the Internal Revenue Code of 1986, as now in effect or as hereafter amended from time to time. Reference to a Code Section includes such section and any comparable section or sections of any future legislation that amends, supplements, or supersedes such section. The "Compensation" of a Participant means all cash compensation for services to the Employer, including salary, wages, fees, commissions, bonuses, and overtime pay,that is includible in the Employee's gross income for the calendar year,including,as applicable,compensation attributable to services as an independent contractor,plus amounts that would be cash compensation for services to the Employer includible in the Employee's gross income for the calendar year but for a compensation reduction election under Code Section 125, 132(f), 401(k), 403(b), or 457(b) (including an election to defer compensation under Section II). Any payments described below made to a Participant after a Severance from Employment shall qualify as Compensation for purposes of the Plan,but only if the payments are made by the later of (a)the end of the calendar year in which the Severance from Employment occurred or(b)within 2 1/2 months of such Severance from Employment: 2 GN- 107672 Specimen 457(b)Plan Document GPLANLVL—CORRSPND Deferred Compensation Plan Ver 102011