This excerpt taken from the FL 8-K filed Sep 30, 2008.
. Amendments. (a) Section 5.14 of the Credit Agreement is hereby amended by:
(a) deleting and where it appears at the end of Paragraph (d) thereof;
(b) re-lettering Paragraph (e) thereof as Paragraph (f); and
(c) adding the following new Paragraph (e):
(e) the 2008 CCS Acquisition;
This excerpt taken from the FL 8-K filed May 21, 2008.
. Amendments. Any provision of this Guarantee Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by each Subsidiary Guarantor and the Administrative Agent, subject to the provisions of Section 9.05(b) of the Credit Agreement.
This excerpt taken from the FL DEF 14A filed Apr 10, 2008.
We have specified in the Restated Annual Plan that any payments under the plan must be made within two and one-half months following the end of the fiscal year. Payment will only be made if the performance goals for the performance period are met.
We have added to the performance goals the attainment of certain target levels of, or percentage increase in, division profit. This is the only change to the performance goals since shareholders approved the performance goals in 2003.
We have eliminated the provisions permitting interim payments to participants and eliminated the provisions relating to participants deferral of awards under the plan.
This excerpt taken from the FL DEF 14A filed Apr 17, 2007.
The Board or the Committee may amend the 2007 Stock Plan, provided that no amendment that requires shareholder approval under New York law, the listing requirements of The New York Stock Exchange, or in order for the plan to continue to comply with Rule 16b-3 of the Securities Exchange Act of 1934 or Section 162(m) of the Code shall be effective unless it is approved by the requisite vote of shareholders. No amendment shall adversely affect any of the rights of any participant under any Award without the participants consent.
This excerpt taken from the FL 8-K filed Mar 12, 2007.
Amendments. Section 5.15 of the Credit Agreement is amended and restated in its entirety to read to follows:
Section 5.15. Restricted Payments. Neither the Company nor any Subsidiary will declare or make any Restricted Payment on any date (with respect to any proposed Restricted Payment, a Measurement Date), except that:
(i) the Company may make Restricted Payments consisting of (1) repurchases of its common stock pursuant to employee stock plans in an aggregate amount not to exceed $2,000,000 in any Fiscal Year; and (2) payments in respect of shareholders rights plans in an aggregate amount not to exceed $1,750,000;
(ii) the Company may, subject to the proviso below, declare or make Restricted Payments so long as the aggregate amount of Restricted Payments made pursuant to this clause in any Fiscal Year does not exceed 50% of the consolidated net income from continuing operations of the Company and its Consolidated Subsidiaries for the then most recently ended Fiscal Year with respect to which the Company has delivered the financial statements described in Section 5.01(a); and
(iii) the Company may, subject to the proviso below, repurchase shares of its capital stock so long as the aggregate amount expended pursuant to this clause during the term of this Agreement does not exceed $300,000,000;
This excerpt taken from the FL 8-K filed Nov 17, 2006.
Amendments. Section 5.15(iii) of the Credit Agreement is amended by replacing the reference to 35% with 50%.
EXCERPTS ON THIS PAGE: