Can you explain this execution plan?
The constant scans each produce a single in-memory row with no columns. The top compute scalar outputs a single row with 3 columns

Expr1005    Expr1006    Expr1004
----------- ----------- -----------
NULL        NULL        60


The bottom compute scalar outputs a single row with 3 columns

Expr1008    Expr1009    Expr1007
----------- ----------- -----------
NULL        1048576        10


The concatenation operator Unions these 2 rows together and outputs the 3 columns but they are now renamed 

Expr1010    Expr1011    Expr1012
----------- ----------- -----------
NULL        NULL        60
NULL        1048576     10


The Expr1012 column is a set of flags used internally to define certain seek properties for the Storage Engine.

The next compute scalar along outputs 2 rows

Expr1010    Expr1011    Expr1012    Expr1013    Expr1014    Expr1015
----------- ----------- ----------- ----------- ----------- -----------
NULL        NULL        60          True        4           16            
NULL        1048576     10          False       0           0      


The last three columns are defined as follows and are just used for sorting purposes prior to presenting to the Merge Interval Operator

[Expr1013] = Scalar Operator(((4)&amp;[Expr1012]) = (4) AND NULL = [Expr1010]), 
[Expr1014] = Scalar Operator((4)&amp;[Expr1012]), 
[Expr1015] = Scalar Operator((16)&amp;[Expr1012])


Expr1014 and Expr1015 just test whether certain bits are on in the flag. 
Expr1013 appears to return a boolean column true if both the bit for 4 is on and Expr1010 is NULL. 

From trying other comparison operators in the query I get these results

+----------+----------+----------+-------------+----+----+---+---+---+---+
| Operator | Expr1010 | Expr1011 | Flags (Dec) |       Flags (Bin)       |
|          |          |          |             | 32 | 16 | 8 | 4 | 2 | 1 |
+----------+----------+----------+-------------+----+----+---+---+---+---+
| &gt;        | 1048576  | NULL     |           6 |  0 |  0 | 0 | 1 | 1 | 0 |
| &gt;=       | 1048576  | NULL     |          22 |  0 |  1 | 0 | 1 | 1 | 0 |
| &lt;=       | NULL     | 1048576  |          42 |  1 |  0 | 1 | 0 | 1 | 0 |
| &lt;        | NULL     | 1048576  |          10 |  0 |  0 | 1 | 0 | 1 | 0 |
| =        | 1048576  | 1048576  |          62 |  1 |  1 | 1 | 1 | 1 | 0 |
| IS NULL  | NULL     | NULL     |          60 |  1 |  1 | 1 | 1 | 0 | 0 |
+----------+----------+----------+-------------+----+----+---+---+---+---+


From which I infer that Bit 4 means "Has start of range" (as opposed to being unbounded) and Bit 16 means the start of the range is inclusive.

This 6 column result set is emitted from the SORT operator sorted by 
Expr1013 DESC, Expr1014 ASC, Expr1010 ASC, Expr1015 DESC. Assuming True is represented by 1 and False by 0 the previously represented resultset is already in that order.

Based on my previous assumptions the net effect of this sort is to present the ranges to the merge interval in the following order

 ORDER BY 
          HasStartOfRangeAndItIsNullFirst,
          HasUnboundedStartOfRangeFirst,
          StartOfRange,
          StartOfRangeIsInclusiveFirst


The merge interval operator outputs 2 rows

Expr1010    Expr1011    Expr1012
----------- ----------- -----------
NULL        NULL        60
NULL        1048576     10


For each row emitted a range seek is performed 

Seek Keys[1]: Start:[dbo].[t].c2 &gt; Scalar Operator([Expr1010]), 
               End: [dbo].[t].c2 &lt; Scalar Operator([Expr1011])


So it would appear as though two seeks are performed. One apparently &gt; NULL AND &lt; NULL and one  &gt; NULL AND &lt; 1048576. However the flags that get passed in appear to modify this to IS NULL and &lt; 1048576 respectively. Hopefully @sqlkiwi can clarify this and correct any inaccuracies!

If you change the query slightly to 

select *
from t 
where 
      c2 &gt; 1048576 
   or c2 = 0
;


Then the plan looks much simpler with an index seek with multiple seek predicates. 

The plan shows Seek Keys 

Start: c2 &gt;= 0, End: c2 &lt;= 0, 
Start: c2 &gt; 1048576


The explanation for why this simpler plan cannot be used for the case in the OP is given by SQLKiwi in the comments to the earlier linked blog post.

An index seek with multiple predicates cannot mix different types of comparison predicate (ie. Is and Eq in the case in the OP). This is just a current limitation of the product (and is presumably the reason why the equality test in the last query c2 = 0 is implemented using &gt;= and &lt;= rather than just the straightforward equality seek you get for the query c2 = 0 OR c2 = 1048576.