This excerpt taken from the AGU 6-K filed Mar 23, 2007.
New Program Effective June 25, 2006
Effective June 25, 2006, the Named Executive Officers commenced participation in the new executive retirement program. The new executive retirement program was approved at the end of 2005 after a comprehensive review of North American market practice, with the goals of ensuring that:
Under the new executive retirement program, designated executives participate in:
The DB SERP has been designed to reflect best practice in executive pension governance, including the following plan provisions:
In order to participate in the new DB SERP, each designated executive must enter into an agreement with the Corporation that includes the following conditions:
See the Employment Contracts and Change of Control Arrangements section for further details.