Supercuts 2007 Annual Report Download - page 164

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11.
Section 8.03(b) shall be amended by adding the following new second sentence to such Section: “A Participant shall be
permitted to elect a separate distribution period with respect to each of the Deferral Contributions, Bonus Contributions,
Matching Contributions or Employer Contributions (as applicable) made on behalf of such Participant for each applicable
year.”
12.
Section 8.05 shall be deleted in its entirety and replaced with the following:
8.05
Time of Distribution . Distribution of a Participant’s Deferral Contributions, Bonus Contributions and Matching
Contributions will be made as soon as administratively feasible following the date specified by the Participant in his deferral
election. Subject to Section 8.02, a Participant’s Profit Sharing subaccount will be distributed upon the Participant’s
termination of employment with the Employer. All distributions will be made as soon as administratively feasible following
the distribution date specified in Section 1.06 or Section 7.08, if applicable; provided, however, that a distribution date may
be adjusted as required by applicable law, including without limitation that, where required by Code Section 409A and the
regulations promulgated thereunder, distributions to Key Employees that are due to termination of employment will begin as
soon as practicable on or after the first day of the seventh calendar month following such Key Employee’s separation.
17