This Plan is unfunded for tax purposes and for purposes of Title I of ERISA.įor purposes of this Plan, unless otherwise clearly apparent from the context, the following phrases or terms have the following indicated meanings:ġ.1 ∺ccount means the account established for each Participant in the Plan.ġ.2 ∺ccount Balance means, with respect to a Participant, a credit on the records of the Employer equal to the sum of (a) the Deferral Account balance, (b) the Company Contribution Account balance and (c) the Rollover Account balance. The purpose of this Plan is to provide specified deferred compensation benefits to a select group of management and highly compensated Employees who contribute materially to the continued growth, development and future business success of Penn National Gaming, Inc., a Pennsylvania corporation, and its subsidiaries and affiliates, if any, that participate in this Plan. Payment of Pre-Retirement Survivor Benefit Suspensions for Unforeseeable Emergenciesĭeath Prior to Completion of Retirement Benefit Other Benefits Take Precedence Over Scheduled Distributions Termination of Participation and/or Deferralsĭeferral Commitments/Company Contribution/Crediting/TaxesĮlection to Defer Effect of Election Form Eligibility Commencement of Participation
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