Supercuts 2005 Annual Report Download - page 113

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the Company or its Affiliates of a business owned or operated by the Company or its Affiliates. A Termination of Employment shall occur
with respect to an employee who is employed by an Affiliate if the Affiliate shall cease to be an Affiliate and the Participant shall not
immediately thereafter become an employee of the Company or an Affiliate.
In addition, certain other terms used herein have definitions given to them in the first place in which they are used.
ARTICLE III
ADMINISTRATION
3.1 Committee Structure and Actions . The Plan shall be administered by the Committee in accordance with the rules and
responsibilities of the Committee.
3.2 Committee Authority . Subject to the terms of the Plan, the Committee shall have the authority:
(1) to select those persons to whom Awards may be granted from time to time;
(2) to determine, whether through the use of an Appendix or otherwise, such other terms and conditions regarding any
Award granted hereunder, any time or from time to time, of any Award, subject to the limitations of Section 7.1;
(3) to determine to what extent and under what circumstances amounts payable with respect to an Award may be
deferred;
(4) to determine what legal requirements are applicable to the Plan and Awards and to require of a Participant that
appropriate action be taken with respect to such requirements;
(5) to cancel, with the consent of the Participant or as otherwise provided in the Plan, outstanding Awards;
(6) to determine whether and with what effect an individual has incurred a Termination of Employment;
(7) to determine whether an Award is to be adjusted, modified or prorated under the Plan;
(8) to adopt, amend and rescind such rules and regulations as, in its opinion, may be advisable in the administration of
this Plan; and
(9) to appoint and compensate agents, counsel, auditors or other specialists to aid it in the discharge of its duties.
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