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FUN » Topics » A.4 Amount of Deferrals

This excerpt taken from the FUN 8-K filed May 20, 2008.

A.4    Amount of Deferrals

(a)      Participation for Entire Performance Period.      The amount to be deferred shall be irrevocably specified in the Participant’s deferral election form as a percentage of the Award. In the case of participation for the full performance period, the minimum amount that can be deferred from any type of Award shall be ten percent (10%) and the maximum percentage shall be one hundred percent (100%).

(b)      Participation for Less Than Full Performance Period.      If a Participant has participated for less than the full Performance Period and is permitted to make a deferral election under Section A.3(c), the minimum deferral shall be limited and calculated as follows: the total Award for the Performance Period shall be multiplied by the ratio of (A) the number of days remaining in the Performance Period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the Performance Period, and that amount shall be multiplied by the percentage elected pursuant to (a) above.

This excerpt taken from the FUN DEF 14A filed Mar 28, 2008.

A.4    Amount of Deferrals

(a)      Participation for Entire Performance Period.      The amount to be deferred shall be irrevocably specified in the Participant’s deferral election form as a percentage of the Award. In the case of participation for the full performance period, the minimum amount that can be deferred from any type of Award shall be ten percent (10%) and the maximum percentage shall be one hundred percent (100%).

(b)      Participation for Less Than Full Performance Period.      If a Participant has participated for less than the full Performance Period and is permitted to make a deferral election under Section A.3(c), the minimum deferral shall be limited and calculated as follows: the total Award for the Performance Period shall be multiplied by the ratio of (A) the number of days remaining in the Performance Period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the Performance Period, and that amount shall be multiplied by the percentage elected pursuant to (a) above.

These excerpts taken from the FUN 10-Q filed Aug 3, 2007.

A.4. Amount of Deferrals

(a) Participation for Entire Performance Period. The amount to be deferred shall be irrevocably specified in the Participant’s deferral election form as a percentage of the Cash Incentive Award. In the case of participation for the full performance period, the minimum amount that can be deferred from any type of Compensation for a Plan Year shall be ten percent (10%), and the maximum percentage shall be one hundred percent (100%).

(b) Participation for Less Than Full Performance Period. If a Participant has participated for less than the full performance period and is permitted to make a deferral election under Section A.3(c):

 

  (i) The minimum deferral shall be limited and calculated as follows: the total Cash Incentive Award for the performance period shall be multiplied by the ratio of (A) the number of days remaining in the performance period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the performance period, and that amount shall be multiplied by the minimum percentage set forth in (a) above; and

 

  (ii) The maximum deferral shall be limited and calculated as follows: the total Cash Incentive Award for the performance period shall be multiplied by the ratio of (A) the number of days remaining in the performance period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the performance period, and that amount shall be multiplied by the maximum percentage set forth in (a) above.

A.4. Amount of Deferrals

(a) Participation for Entire Performance Period. The amount to be deferred shall be irrevocably specified in the Participant’s deferral election form as a percentage of the Award. In the case of participation for the full performance period, the minimum amount that can be deferred from any type of Award shall be ten percent (10%) and the maximum percentage shall be one hundred percent (100%).

(b) Participation for Less Than Full Performance Period. If a Participant has participated for less than the full performance period and is permitted to make a deferral election under Section A.3(c):

 

  (i) The minimum deferral shall be limited and calculated as follows: the total Award for the performance period shall be multiplied by the ratio of (A) the number of days remaining in the performance period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the performance period, and that amount shall be multiplied by the minimum percentage set forth in (a) above; and

 

  (ii) The maximum deferral shall be limited and calculated as follows: the total Award for the performance period shall be multiplied by the ratio of (A) the number of days remaining in the performance period as of the date the Participant submits an election form to the Committee over (B) the total number of days in the performance period, and that amount shall be multiplied by the maximum percentage set forth in (a) above.

EXCERPTS ON THIS PAGE:

8-K
May 20, 2008
DEF 14A
Mar 28, 2008
10-Q (2 sections)
Aug 3, 2007

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