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This excerpt taken from the FZN DEF 14A filed Oct 9, 2007. Retirement Benefits. Our executive
officers are entitled to participate in our retirement plans that are generally
available to all eligible employees. The Committee believes that these
retirement programs permit our executives to save for their retirement in a
tax-effective manner at minimal cost to us and are of the kind typically
offered by other companies against which we compete for executive talent.
· 401(k) Plan. We maintain the Cuisine Solutions, Inc. 401(k) Plan, which allows eligible participants to defer a portion of their income through payroll deductions, and we currently provide a $1 matching contribution for each $3 an employee contributes to the plan, up to 2% of the employee’s eligible compensation. |
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