amounts deferred, Employer contributions and earnings allocated under the Plan shall be credited, and from which all amounts distributed pursuant to the Plan shall be debited. A Participant shall have one Account for amounts deferred under deferral elections that first took effect prior to January 1, 2017, and separate Accounts to reflect amounts deferred each calendar year under deferral elections first taking effect on or after January 1, 2017.
2.2 "Board " means the Board of Directors of the Employer.
2.3 "Change in Control" means a "change in ownership" of the Employer, a "change in effective control" of the Employer or a "change in the ownership of a substantial portion of the assets" of the Employer, within the meaning of Section 409A of the Code.
2.4 "Code" means the Internal Revenue Code of 1986, as amended from time to time.
Reference to a specific provision of the Code shall include such provision, any valid regulation or ruling promulgated thereunder, and any provision of future law that amends, supplements, or supersedes such provision.
2.5 "Compensation" means the annual compensation paid to a Participant by the Employer for the calendar year (after any requisite tax withholding and payroll deductions), including base pay, other regular earnings, performance-based cash bonuses or incentive bonus payments , any amounts deferred under a salary reduction agreement pursuant to the Savings Plan or under a "cafeteria plan" (within the meaning of Section 125 of the Code) maintained by the Employer, but exclusive of severance pay or salary continuation payments, expense reimbursements, special executive bonus payments paid by the Employer, awards, any moving expenses paid by the Employer, car allowance, taxable fringe benefits, group-term life insurance in excess of $50,000, exercised stock options and short and long-term disability paid by a third party.
2.6 "Employer" means Chase Corporation and any subsidiary and/or affiliated corporation which has adopted this Plan.
2.7 "Participant " means an employee of the Employer who has been designated a Participant in this Plan in the manner set forth in Article III.
2.8 "Plan Administrator " means Chase Corporation, or its duly authorized representative.
2.9 "Plan" or "Supplemental Savings Plan" means Chase Corporation Employees' Supplemental Savings Plan.
2.10 "Savings Plan" means the Chase Corporation Deferred Salary Savings Plan, as amended thereafter from time to time.