LNG » Topics » 401(k) Plan

These excerpts taken from the LNG 10-K filed Feb 27, 2009.

401(k) Plan

 

In 2005, we established a defined contribution pension plan (“401(k) Plan”). The 401(k) Plan allows eligible employees to contribute up to 100% of their compensation up to the IRS maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional contributions at our discretion. Effective January 1, 2007, employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $2.3 million, $1.8 million and $0.9 million for the years ended December 31, 2008, 2007, and 2006, respectively. We have made no discretionary contributions to the 401(k) Plan to date.

 

401(k) Plan

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In 2005, we established a defined contribution pension plan (“401(k)
Plan”). The 401(k) Plan allows eligible employees to contribute up to 100% of their compensation up to the IRS maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional
contributions at our discretion. Effective January 1, 2007, employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $2.3 million, $1.8 million and $0.9 million for the years ended
December 31, 2008, 2007, and 2006, respectively. We have made no discretionary contributions to the 401(k) Plan to date.

 

STYLE="margin-top:0px;margin-bottom:0px">NOTE 22—COMPREHENSIVE LOSS

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The following table is a reconciliation of our net loss to our comprehensive loss for the periods shown (in thousands):

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   Years Ended December 31,

 
   2008

  2007

  2006

 

Net loss

  $(356,471) $(181,777) $(145,853)

Other comprehensive (loss) income items:

             

Cash flow hedges, net of income tax

   —     —     (3,798 )

Foreign currency translation

   (149)  29   (34 )
   


 


 


Comprehensive loss

  $(356,620) $(181,748) $(149,685)
   


 


 


 


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Table of Contents


Index to Financial Statements



CHENIERE ENERGY, INC. AND SUBSIDIARIES

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 


These excerpts taken from the LNG 10-K filed Feb 27, 2008.

401(k) Plan

 

In 2005, we established a defined contribution pension plan (“401(k) Plan”). The 401(k) Plan allows eligible employees to contribute up to 100% of their compensation up to the Internal Revenue Service maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional contributions at our discretion. Effective January 1, 2007, employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $1.8 million, $0.9 million and $0.5 million for the years ended December 31, 2007, 2006, and 2005, respectively. We have made no discretionary contributions to the 401(k) Plan to date.

 

401(k) Plan

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">In 2005, we established a defined contribution pension plan (“401(k) Plan”). The 401(k) Plan allows eligible employees to contribute up to 100%
of their compensation up to the Internal Revenue Service maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional contributions at our discretion. Effective January 1,
2007, employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $1.8 million, $0.9 million and $0.5 million for the years ended December 31, 2007, 2006, and 2005, respectively. We have made no
discretionary contributions to the 401(k) Plan to date.

 

This excerpt taken from the LNG 10-K filed Feb 27, 2007.

401(k) Plan

 

In 2005, we established a defined contribution pension plan, or the 401(k) Plan. The 401(k) Plan allows eligible employees to contribute up to 100% of their compensation up to the Internal Revenues Service maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional contributions at our discretion. Effective January 1, 2007, employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $0.9 million and $0.5 million for the years ended December 31, 2006 and 2005, respectively. No discretionary contributions were made by us to the 401(k) Plan to date.

 

This excerpt taken from the LNG 10-K filed Mar 13, 2006.

401(k) Plan

 

In 2005, we established a defined contribution pension plan, or the 401(k) Plan. The 401(k) Plan allows eligible employees to contribute up to 100% of their compensation up to the Internal Revenues Service maximum. We match each employee’s salary deferrals (contributions) up to six percent of compensation and may make additional contributions at our discretion. Our contributions to the 401(k) Plan were $517,000 for the year ended December 31, 2005. No discretionary contributions were made by us to the 401(k) Plan in 2005.

 

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