Foot Locker 2005 Annual Report Download - page 107

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September 12, 2006. The total annual premium for these policies, including fees, is $1,697,375. Directors
and officers of the Company, as well as all other employees with fiduciary responsibilities under the
Employee Retirement Income Security Act of 1974, as amended, are insured under policies issued by a
group of insurers comprising Arch, St. Paul Mercury Insurance, American Casualty Company of
Reading PA (CNA) and RLI Insurance Co., which have a total premium of $420,700 for the 12-month
period ending September 12, 2006.
The Company has entered into indemnification agreements with its directors and officers, as
approved by shareholders at the 1987 annual meeting.
Certain Relationships and Related Transactions
Foot Locker and its subsidiaries have had transactions in the normal course of business with
various other organizations, including certain organizations whose directors or officers are also
directors, or nominees to be directors, of the Company. The amounts involved in these transactions
have not been material in relation to our business, and it is believed that these amounts have not been
material in relation to the businesses of the other organizations. In addition, it is believed that these
transactions have been on terms no less favorable to the Company than if they had been entered into
with disinterested parties. It is anticipated that transactions with such other organizations will continue
in the future.
As noted on Page 9, Purdy Crawford, a member of the Board, is Counsel to the Canadian law firm
of Osler, Hoskin & Harcourt LLP, which provides legal services to the Company. Mr. Crawford has
advised the Company that, while this firm provides him with an office and administrative support, the
firm provided him with no remuneration in 2005. Mr. Crawford received no direct compensation from
the firm, he is not an employee, equity partner, or manager of the firm, and he is not involved in the
provision of services to the Company.
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