Newly Eligible Employees. For a Newly Eligible Employee, the deferral election may be made after the first day of a Plan Year provided it is made within 30 days after becoming eligible to participate in this Plan. Such a deferral election by a Newly Eligible Employee is irrevocable once it has been received by the Plan Administrator and the deadline for making such election has expired, except as otherwise provided under this Plan. Such election will be effective with respect to Eligible Compensation payable for services performed after becoming eligible for this Plan and commencing with the next full pay period after the deferral election becomes irrevocable.

Notwithstanding the prior sentence, prior to ​, in the case of a Newly Eligible Employee,newly eligible employee who was a new hire and first became eligible to participate in the Plan during the calendar year in which hired, the initial deferral election may be made after the first day of a Plan Year provided it is made within 30no later than thirty (30) days after becoming eligible to participate in this Plan. Such a deferral election by a Newly Eligible Employee is irrevocable once it has been received by the Plan Administratorhe first became eligible, and the deadline for making such election has expired, except as otherwise provided under this Plan. Such election willshall be effective only with respect to Eligible Compensation payable for services performed after becoming eligible for this Plan and commencing with the next full pay periodamounts earned after the date of the deferral election. Any deferral election becomes irrevocable.made by any Participant shall be irrevocable with respect to any amount of compensation covered by such election subject to [[Sections 10(a) and 16]6]] hereof.

Newly Eligible Employees.Director For a Newly Eligible Employee,Director, the deferral election may be made after the first day of a Plan Year provided it is made within 30 days after becoming eligible to participate in this Plan.Plan Such a deferral election by a Newly Eligible EmployeeDirector is irrevocable once it has been received by the Plan Administrator and the deadline for making such election has expired, except as otherwise provided under this Plan.Plan Such election will be effective with respect to Eligible Compensation payableRetainers for services performed after becoming eligible for this Plan and commencing with the next full pay periodcalendar quarter or fiscal quarter, as applicable, after the deferral election becomes irrevocable.irrevocable

New Hires. A Newly Eligible Employees. For a Newly Eligible Employee,Hired Employee may elect within 30 days of becoming an Employee to defer base salary earned subsequent to the deferral election may be made afterbecoming effective and in the first year of hire. Such an election shall become irrevocable and effective at the end of this 30-day of a Plan Year provided it is made within 30 days after becoming eligible to participate in this Plan. Such a deferral election by a Newly Eligible Employee is irrevocable once it has been received by the Plan Administrator and the deadline for making such election has expired, except as otherwise provided under this Plan. Such election will be effective with respect to Eligible Compensation payable for services performed after becoming eligible for this Plan and commencing with the next full pay period after the deferral election becomes irrevocable.period.

For Plan Years commencing after 2005, an Eligible Employees. ForEmployee may make an irrevocable Salary Deferral election at the time and in the form prescribed by the Company, but in no event later than December 31 of the year preceding a Newly Eligible Employee, the deferral election may be made after the first day of agiven Plan Year (or such earlier time as provided it is made within 30 days after becoming eligible to participate in this Plan. Such a deferral election by a Newly Eligible Employee is irrevocable once it has been received by the Plan Administrator and the deadline for making such election has expired, except as otherwise provided under this Plan. Such election will be effective with respect to Eligible Compensation payable for services performed after becoming eligible for this Plan and commencing with the next full pay period after the deferral election becomes irrevocable.Company).