Deferred Income Benefit

Deferred Income Benefit. The Deferred Benefit elected by a Participant under Section 4 that results in payments governed by Section 7. The amount and duration of a Participant's payments under each Deferred Income Benefit are determined for each Deferral Year according to the Participant's Deferred Income Benefit Record for that Deferral Year, which is based upon the Benefit Schedule and Benefit Adjustment Schedule for that Deferral Year established under Section 7 of this Plan by the Compensation Committee.