This excerpt taken from the ENTG 10-K filed Mar 3, 2008.
MODEL LETTER OF DIRECTION
(Used to provide direction pursuant to Section (d) of the Performance Payments section of Schedule B)
Fidelity Investments Institutional Operations Company, Inc.
Attn: Brian Moss
100 Magellan Way
Mail Zone KE1H
Convington, KY 41015
Dear Mr. Moss:
This letter is sent to you in accordance with the Performance Payments provision of the trust, recordkeeping and/ or service agreement currently in effect.
Please apply [INSERT AMOUNT} from the Performance Account in the Plan to outstanding due and payable Fidelity fees.
Please provide the Sponsor reimbursement in the amount of [INSERT AMOUNT] from the Performance Account held in the Plan for expenses paid on behalf of the Plan. By signing below, the Sponsor represents in its capacity as or on behalf of the Named Fiduciary that (1) such expenses are reasonable, necessary and direct expenses of such Plan within the meaning of ERISA, (2) the Plan authorizes the payment of such expenses from the Plan, and (3) that the Sponsor has paid these expenses on behalf of the Plan.
SCHEDULE B-2 b Performance Standards
The following performance standards shall apply to the Plan.
Two or more performance measures must be missed in any given quarter in order for any fee reductions to apply.
Performance payment obligations hereunder shall not commence until the qtr-end following six months after the effective date included herein.
The total amount of any fee offsets with respect to failures to meet performance standards during a calendar year shall not exceed $12,000 in aggregate.