Election to Defer. (a) A Participant shall elect to defer the Special Retention Amount in accordance with Section 3.03 of the Plan, except that 100% of the Special Retention Amount shall be treated as if invested in cash, or such other hypothetical investment vehicle as the Plan Administrator may allow in its discretion. (b) Any election under this Section 3.03 shall be effective July 1, 2000, or such earlier date as the Plan Administrator may determine in its discretion.
Appears in 4 contracts
Sources: Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc)