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SECTION II <br /> PARTICIPATION AND CONTRIBUTIONS <br /> 2.1 Eligibility <br /> Each Employee shall be eligible to participate in the Plan and defer Compensation hereunder <br /> immediately upon becoming employed by the Employer. <br /> 2.2 Election <br /> An Employee may elect to become a Participant by executing an election to defer a portion of his <br /> or her Compensation(and to have that amount contributed as an Annual Deferral on his or her <br /> behalf) and filing such election with the Administrator. This participation election shall be made <br /> on the deferral agreement provided by the Administrator under which the Employee agrees to be <br /> bound by all the terms and conditions of the Plan. Any such election shall remain in effect until a <br /> new election is filed. The Administrator may establish a minimum deferral amount, and may <br /> change such minimums from time to time.The deferral agreement shall also include designation of <br /> investment funds and a designation of Beneficiary. <br /> (a) Special Deferral Election of Sick,Vacation, or Back Pay: A Participant who has not <br /> had a Severance from Employment may authorize a special election to defer accumulated <br /> sick pay, accumulated vacation pay, and back pay for any calendar month if an election to <br /> defer is entered into before the beginning of the month in which the amounts would <br /> otherwise be paid or made available and the Participant is an Employee on the date the <br /> amounts would otherwise be paid or made available. For this purpose, Compensation that <br /> would otherwise be paid for a payroll period that begins before Severance from <br /> Employment is treated as an amount that would otherwise be paid or made available before <br /> an Employee has a Severance from Employment. In addition,a Participant who is a former <br /> Employee may authorize a special election to defer accumulated sick pay, accumulated <br /> vacation pay,and back pay that is paid by the later of 21/z months following the date of the <br /> Participant's Severance from Employment or the end of the calendar year in which the <br /> Severance from Employment occurred,provided that the special election to defer is <br /> entered into before the amount is currently available. <br /> 23 Commencement of Participation <br /> An Employee shall become a Participant as soon as administratively practicable following the date <br /> the Employee files an election pursuant to Section 2.2. Such election shall become effective no <br /> later than the calendar month following the month in which the election is made.A new Employee <br /> may defer compensation payable in the calendar month during which the Participant first becomes <br /> an Employee if an agreement providing for the deferral is entered into on or before the first day on <br /> which the Participant performs services for the Employer. <br /> 5 <br /> GN-107672 Specimen 457(b)Plan Document <br /> GPLANLVL—CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />