Supercuts 2007 Annual Report Download - page 150

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(C) 2
Commissions.
(D) 2
The value of a qualified or a non-qualified stock option granted to an Employee by the Employer to the
extent such value is includable in the Employee’s taxable income.
(E) 2
The following:
Severance Pay, Third Party Payments of Sick Pay
(2)
32
except as otherwise provided below:
(b) 32
in the Plan maintained by the Employer to the extent it is in excess of the limit imposed under Code
Section 401(a)(17).
1.05
CONTRIBUTIONS
(a)
Employee contributions (Complete all that apply)
(1)
2
Deferral Contributions. The Employer shall make a Deferral Contribution in accordance with, and subject to,
Section 4.01 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for
the calendar year (or portion of the calendar year) in question, not to exceed 100% of Compensation, exclusive of any
Bonus.
(2)
2
Bonus Contributions. The Employer requires Participants to enter into a special salary reduction agreement to
make Deferral Contributions of any percentage of Employer paid cash Bonuses, up to 100% of such Bonuses. (The
Compensation definition elected by the Employer in Section 1.04 must include Bonuses if Bonus contributions are
permitted.)
(b) 2
Matching Contributions (Choose (1) or (2) below, and (3) below, as applicable.)
SEE AMENDMENT
(1)
2
The Employer shall make a Matching Contribution on behalf of each Participant in an amount equal to the
following percentage of a Participant’s Deferral Contributions during the Plan Year (check one):
(A) 32
50%
(B) 32
100%
(C) 32
%
(D) 32
(Tiered Match) % of the first % of the Participant’s Compensation contributed
to the Plan.
(E) 32
The percentage declared for the year, if any, by a Board of Directors’ resolution.
(F) 32
Other:
(2)
32
Matching Contribution Offset. For each Participant who has made 401(k) Deferrals at least equal to the maximum
under Code Section 402(g) or, if less, the maximum permitted under the Qualified Plan, the Employer shall make a
Matching Contribution for the calendar year equal to (A) minus (B) below:
(A)
The 401(m) Match that the Participant would have received under the Qualified Plan for such calendar year
on the sum of the Participant’s
3