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Exide Technologies (XIDE)
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XIDE » Topics » Cash Balance and Pension Plans

This excerpt taken from the XIDE DEF 14A filed Jul 24, 2009.
Cash Balance and Pension Plans
 
The Company also maintains a Cash Balance Plan, under which the Company contributed to the Plan 5% of each U.S. employees’ annual base salary. Contributions to an employee’s Cash Balance Plan vest equally over five years. The Company’s contributions to the Cash Balance Plan were frozen as of May 15, 2006. The Committee will continue to evaluate the Cash Balance Plan based on future competitive market conditions for employee compensation.
 
GNB Industrial, which the Company acquired in 2000, operated a pension plan. Mr. Bregman and Ms. Hatcher participated in the plan while employees of GNB. This plan is managed by the Company but additional contributions to the plan were frozen as of December 31, 2000.


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This excerpt taken from the XIDE DEF 14A filed Jul 28, 2008.
Cash Balance and Pension Plans
 
The Company also maintains a Cash Balance Plan, under which the Company contributed to the Cash Balance Plan 5% of each U.S. employees’ annual base salary. Contributions to an employee’s Cash Balance Plan vest equally over five years. The Company’s contributions to the Cash Balance Plan were frozen as of May 15, 2006. The Committee will continue to evaluate the Cash Balance Plan based on future competitive market conditions for employee compensation.
 
GNB Industrial, which the Company acquired in 2000, operated a pension plan. Mr. Bregman participated in the plan while an employee of GNB. This plan is managed by the Company but additional contributions to the plan were frozen as of December 31, 2000.
 
This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007.
  Cash Balance and Pension Plans
 
The Company also maintains a Cash Balance Plan, under which the Company contributed to the Plan 5% of each U.S. employees’ annual base salary. An employee’s Cash Balance Plan vests equally over five years. The Company’s contributions to the Cash Balance Plan were frozen as of May 15, 2006. The Committee will continue to evaluate the Cash Balance Plan based on future competitive market conditions for employee compensation.
 
Additionally, Mr. Bregman participated in a pension plan with GNB Industrial, which merged with the Company in 2000. This plan is managed by the Company but was frozen as of December 31, 2000.
 

EXCERPTS ON THIS PAGE:

DEF 14A
Jul 24, 2009
DEF 14A
Jul 28, 2008
DEF 14A
Jul 16, 2007

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