Discretionary Amount

Discretionary Amount. Means with respect to each Plan Year, the dollar amount equal to 50% of the Annual Retainer for such Plan Year, all or any portion (in percentage increments determined by the Administration) of which the Non-Employee Director may, but is not required to, elect to have credited to his or her Stock Unit Account in the form of an Elective Stock Unit Amount and/or his or her Deferred Cash Account in the form of an Elective Cash Amount.