|JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997|
distributions from the program upon the death of the participant, the
representatives of the estate or the trustees of the trust may assign the right
to receive such payments to the persons, estates or trusts beneficially entitled
thereto, and the administrator may rely conclusively and without any liability
on the certification.
8.5. Effect on Other Benefits. Except as provided below in this
subsection, the participant's compensation for purposes of calculating his
awards and benefits under any employee benefit plan or program maintained by the
company shall not be reduced on account of deferrals under this program.
However, amounts deferred for more than one year under this program shall not be
included when calculating a participant's benefits or contributions under any
401(k) plan, 423(b) plan or other plan sponsored by the company which is
qualified under Section 401(a) of the Internal Revenue Code. Except for amounts
deferred one year or less, distributions made from this program shall be
excluded from a participant's compensation in the years distributed for purposes
of calculating contributions, awards and benefits under any employee benefit
plan or program maintained by the company.
8.6. Independence of Program. Except as otherwise expressly provided
herein, the program shall be independent of,
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