EX-10.2.7
from 10-Q
4 pages
1. Vesting. on the Base Date in 2009, Provided That You Have Been Continuously in the Employ of the Company From the Base Date in 2006 Through Such Date, You Shall Receive a Net Worth Appreciation Credit of 0.6% and on the Base Date in Each of the Years 2010 and 2011 You Shall Receive an Additional Net Worth Appreciation Credit of 0.2%, Provided That You Have Been Continuously in the Employ of the Company From the Base Date in 2006 to the Applicable Base Date, Up to a Maximum Credit, if You Remain in the Employ of the Company Continuously Through the Base Date in 2011, of 1.0% (The “Maximum Credit”). the Aggregate Number of Net Worth Appreciation Credits Received on or Prior to a Given Date Shall Be Hereinafter Referred to as “Vested Credits”. You Shall Not Receive Any Credit Unless You Have Remained in the Employ of the Company From the Base Date in 2006 Continually Until the Base Date in 2009, and Thereafter You Shall Not Receive Credit for Any Partial Year, Provided That (A) if Your Employment Terminates Due to Death or Disability (As Defined Below) Preventing You From Performing Your Usual Employment Functions and Duties Prior to the Base Date in 2009, You Shall Receive a Credit of 0.6%, and (B) if Your Employment Terminates After the Base Date in 2009 and Before the Base Date in 2011, Due to Death or Disability (As Defined Below), You Shall Receive a Credit of 0.2% for the Partial Year in Which the Termination Takes Place (In Addition to All Credits Previously Accrued Under This Agreement). for Purposes of This Agreement, “Disability” Shall Mean a Physical or Mental Impairment That Can Be Expected to Result in Death or to Last for at Least 12 Months, and the Impairment Either: (1) Prevents the Employee From Engaging in Any Substantial Gainful Activity; or (2) Entitles the Employee to Receive Income Replacement Benefits for at Least 3 Months Under an Accident and Health Plan Sponsored by the Company
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EX-10.2.7
from 10-K
5 pages
1. Vesting. on the Base Date in 2005, Provided That You Have Been Continuously in the Employ of the Company From the Date Hereof Through That Date, You Shall Receive a Net Worth Appreciation Credit of % and on the Base Date in in Each of the Years 2006 and 2007 You Shall Receive an Additional Net Worth Appreciation Credit of %, Provided That You Have Been Continuously in the Employ of the Company From the Date Hereof to the Applicable the Base Date in for a Maximum Credit, if You Remain in the Employ of the Company Continuously Through the Base Date in 2007, of % (The “Maximum Credit”). the Aggregate Number of Net Worth Appreciation Credits Received on or Prior to a Given Date Shall Be Hereinafter Referred to as “Vested Credits”. You Shall Not Receive Any Credit Unless You Remain in the Employ of the Company From the Date Hereof Continually Until the Base Date in 2005, and Thereafter You Shall Not Receive Credit for Any Partial Year, Provided That (A) if Your Employment Terminates Due to Death or Permanent Disability Preventing You From Performing Your Usual Employment Functions and Duties (“Disability”) on or After the Base Date in 2003 and Prior to the Base Date in 2005, You Shall Receive a Credit of % if Such Termination Is Prior to the Base Date in 2004 and % if Such Termination Is on or After the Base Date in 2004 and Prior to the Base Date in 2005, and (B) if Your Employment Terminates After the Base Date in 2005 and Before the Base Date in 2007, Due to Death or Disability, You Shall Receive a Credit of % for the Partial Year in Which the Termination Takes Place (In Addition to All Credits Previously Accrued)
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