Supercuts 2005 Annual Report Download - page 118

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7.4 No Additional Obligation . Nothing contained in the Plan shall prevent the Company or an Affiliate from adopting other or
additional compensation or benefit arrangements for its employees.
7.5 Withholding
. Awards are subject to withholding for certain federal, state, or local taxes required by law to be withheld with
respect to such income. The Company and its Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any
payment otherwise due to the Participant.
7.6 Controlling Law . The Plan and all Awards made and actions taken thereunder shall be governed by and construed in
accordance with the laws of Minnesota (other than its law respecting choice of law). The Plan shall be construed to comply with all applicable
law and to avoid liability to the Company, an Affiliate or a Participant.
7.7 Offset . Any amounts owed to the Company or an Affiliate by the Participant of whatever nature may be offset by the
Company from the payment of any Award to the Participant. No cash shall be transferred unless and until all disputes between the Company
and the Participant have been fully and finally resolved and the Participant has waived all claims to such against the Company or an Affiliate.
7.8 Nontransferability; Beneficiaries
. No Award shall be assignable or transferable by the Participant, otherwise than by will or
the laws of descent and distribution or pursuant to a beneficiary designation. Each Participant may designate a Beneficiary to receive the
proceeds of any Award held by the Participant at the time of the Participant’s death. If a deceased Participant has named no Beneficiary, the
proceeds of any Award held by the Participant at the time of death shall be transferred as provided in his or her will or by the laws of descent
and distribution.
7.9 No Rights with Respect to Continuance of Employment . Nothing contained herein shall be deemed to alter the relationship
between the Company or an Affiliate and a Participant, or the contractual relationship between a Participant and the Company or an Affiliate if
there is a written contract regarding such relationship. Nothing contained herein shall be construed to constitute a contract of employment
between the Company or an Affiliate and a Participant. The Company or an Affiliate and each of the Participants continue to have the right to
terminate the employment or service relationship at any time for any reason, except as provided in a written contract. The Company or an
Affiliate shall have no obligation to retain the Participant in its employ or service as a result of this Plan. There shall be no inference as to the
length of employment or service hereby, and the Company or an Affiliate reserves the same rights to terminate the Participant’
s employment or
service as existed prior to the individual becoming a Participant in this Plan.
7.10 Headings . The headings contained in this Plan are for reference purposes only and shall not affect the meaning or
interpretation of this Plan.
9