|JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997|
under Section 5 shall remain in effect only for the calendar year specified in
the deferral agreement. No deferral election shall be effective for more than
one calendar year. A participant must file a separate deferral election at the
time prescribed by the administrator in order to make deferrals for that year.
4.3. Distribution Elections. Each deferral election made by a
participant under subsection 4.1 and Section 5 may, but need not, include an
election of the date on which the amount of such deferral (together with any
investment gains or losses thereon) will be distributed. As provided in
subsection 3.3, participant may also elect a distribution date for the amount of
company stock credited each year to the participant's SCA account. Such date
shall be referred to as the "distribution date" and shall occur no later than
March 15 (based on the prior December 31 valuation) following one of the
following dates: the second, third, fourth, fifth, sixth, seventh, eighth, ninth
or tenth calendar year after the calendar year to which the deferral election
relates. The distribution date, once elected by the participant, shall be
irrevocable, subject only to subsection 6.2.
4.4. Participant's Accounts. The administrator shall maintain in
the name of each participant bookkeeping
© Copyright Jones Lang LaSalle, IP, Inc.