EQY » Topics » RECITALS :

This excerpt taken from the EQY 8-K filed Jul 7, 2005.



WHEREAS, the Company desires to permit certain key executives of the Company and its Affiliates, as selected by the Board of Directors of the Company, it its sole discretion, to defer a portion of their compensation from the Company and its Affiliates, subject to certain conditions and pursuant to the terms and provisions specified in this Plan. Additionally, the Company desires to provide a plan for the Company and its Affiliates to make additional contributions on behalf of those key executives on a discretionary basis.


NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, the Company hereby adopts this Plan pursuant to the following terms and provisions.


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