(F) WHOSE PLAN AGREEMENT HAS NOT TERMINATED.
1.29
"PLAN" MEANS THE PENN NATIONAL GAMING, INC.
DEFERRED COMPENSATION PLAN, AS EVIDENCED BY THIS INSTRUMENT AND BY EACH PLAN
AGREEMENT, AS THEY MAY BE AMENDED FROM TIME TO TIME.
1.30
"PLAN AGREEMENT" MEANS A WRITTEN AGREEMENT, AS
AMENDED FROM TIME TO TIME, THAT IS ENTERED INTO BY AND BETWEEN AN EMPLOYER AND A
PARTICIPANT.
EACH PLAN AGREEMENT EXECUTED BY A PARTICIPANT AND THE
PARTICIPANT'S EMPLOYER WILL PROVIDE FOR THE ENTIRE BENEFIT TO WHICH THE
PARTICIPANT IS ENTITLED UNDER THE PLAN.
IF THERE IS MORE THAN ONE PLAN
AGREEMENT, THE PLAN AGREEMENT BEARING THE LATEST DATE OF ACCEPTANCE BY THE
EMPLOYER WILL SUPERSEDE ALL PREVIOUS PLAN AGREEMENTS IN THEIR ENTIRETY AND WILL
GOVERN THE PARTICIPANT'S ENTITLEMENT TO BENEFITS UNDER THE PLAN.
THE TERMS OF
ANY PLAN AGREEMENT MAY BE DIFFERENT FOR ANY PARTICIPANT, AND ANY PLAN AGREEMENT
MAY PROVIDE ADDITIONAL BENEFITS NOT SET FORTH IN THE PLAN OR LIMIT THE BENEFITS
OTHERWISE PROVIDED UNDER THE PLAN; PROVIDED, HOWEVER, THAT ANY SUCH ADDITIONAL
BENEFITS OR BENEFIT LIMITATIONS MUST BE AGREED TO BY BOTH THE EMPLOYER AND THE
PARTICIPANT.
1.31
"PLAN YEAR" MEANS, EXCEPT AS PROVIDED IN SECTION
1.45, THE CALENDAR YEAR.
1.32
"PRE-RETIREMENT SURVIVOR BENEFIT" MEANS THE
BENEFIT SET DESCRIBED IN ARTICLE 6.
6
1.33
"RETIREMENT", "RETIRE(S)" OR "RETIRED" MEANS,
WITH RESPECT TO AN EMPLOYEE, TERMINATION OF EMPLOYMENT FROM ALL EMPLOYERS FOR
ANY REASON OTHER THAN A LEAVE OF ABSENCE, DEATH, OR DISABILITY ON OR AFTER THE
ATTAINMENT OF AGE SIXTY-FIVE (65).
1.34
"RETIREMENT BENEFIT" MEANS THE BENEFIT IN ARTICLE
5.
1.35
"ROLLOVER ACCOUNT" MEANS (A) THE SUM OF A
PARTICIPANT'S ROLLOVER AMOUNT, PLUS (B) AMOUNTS CREDITED IN ACCORDANCE WITH ALL
THE APPLICABLE CREDITING PROVISIONS OF THIS PLAN THAT RELATE TO THE
PARTICIPANT'S ROLLOVER ACCOUNT, LESS (C) ALL DISTRIBUTIONS MADE TO THE
PARTICIPANT OR HIS OR HER BENEFICIARY PURSUANT TO THIS PLAN THAT RELATE TO THE
PARTICIPANT'S ROLLOVER ACCOUNT.
1.36
"ROLLOVER AMOUNT" MEANS THE AMOUNT DESCRIBED IN
SECTION 3.6.
1.37
"SHORT-TERM PAYOUT" MEANS A PAYOUT DESCRIBED IN
SECTION 4.1.
1.38
"STOCK" MEANS COMPANY COMMON STOCK OR ANY OTHER
EQUITY SECURITIES OF THE COMPANY DESIGNATED BY THE COMMITTEE.
1.39
"TERMINATION BENEFIT" MEANS THE BENEFIT DESCRIBED
IN ARTICLE 7.
1.40
"TERMINATION OF EMPLOYMENT" MEANS A TERMINATION
OF EMPLOYMENT WITH ALL EMPLOYERS, VOLUNTARILY OR INVOLUNTARILY, FOR ANY REASON
OTHER THAN RETIREMENT, DISABILITY, DEATH, OR AN AUTHORIZED LEAVE OF ABSENCE.
1.41
"TRUST" MEANS ONE OR MORE TRUSTS ESTABLISHED
PURSUANT TO THE TRUST AGREEMENT.
1.42
"TRUST AGREEMENT" MEANS THE TRUST AGREEMENT
BETWEEN THE TRUSTEE AND THE COMPANY, AS AMENDED FROM TIME TO TIME.
1.43
"TRUSTEE" MEANS THE TRUSTEE OF THE TRUST AND ANY
SUCCESSOR TRUSTEE.
1.44
"UNFORESEEABLE FINANCIAL EMERGENCY" MEANS AN
UNANTICIPATED EMERGENCY THAT IS CAUSED BY AN EVENT BEYOND A PARTICIPANT'S
CONTROL THAT WOULD RESULT IN SEVERE FINANCIAL HARDSHIP TO THE PARTICIPANT
RESULTING FROM (A) A SUDDEN AND UNEXPECTED ILLNESS OR ACCIDENT OF THE
PARTICIPANT OR A DEPENDENT OF THE PARTICIPANT, (B) A LOSS OF THE PARTICIPANT'S
PROPERTY DUE TO CASUALTY, OR (C) SUCH OTHER EXTRAORDINARY AND