Election Amount

Election Amount. For each Non-Employee Director who has made a Plan Year Deferral 2003 SOLUTIA INC. NON-EMPLOYEE DIRECTOR COMPENSATION PLAN, PAGE 3 Election pursuant to Section 5 shall be, with respect to each Plan Year, (i) the percentage that is set forth in the Non-Employee Director's Plan Year Deferral Election Notice multiplied by (ii) the Discretionary Amount.

Election Amount. For each Participant who has made a Deferral Election pursuant to Section 6 shall be, with respect to each Plan Year, (i) the percentage that is set forth in the Participant's written notice of the Deferral Election multiplied by (ii) the total cash compensation receivable from the Company during the Plan Year by the Participant in such Participant's capacity as a Director, including without limitation retainers, fees for serving as committee members, Board meeting fees and committee meeting... fees. View More