FL » Topics » 10. Construction of Plan .

These excerpts taken from the FL 10-K filed Mar 30, 2009.

8. Construction of Plan.

     Nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Employer and the Participants, their Beneficiaries or any other person. Any funds which may be invested under the provisions of this Plan shall continue for all purposes to be part of the general funds of the Employer and no person other than the Employer shall by virtue of the provisions of this Plan have any interest in such funds. To the extent that any person acquires a right to receive payments from the Employer under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Employer. If the Company decides to establish any advance accrued reserve on its books against the future expense of benefits payable hereunder, or if the Company is required to fund a trust under this Plan, such reserve or trust shall not under any circumstances be deemed to be an asset of the Plan. In no event shall any Participant or Beneficiary be entitled to receive any payment for any amount due under the Plan from any trust maintained for the Qualified Plan.

98


8. Construction of Plan.


     Nothing
contained in this Plan and no action taken pursuant to the provisions of this
Plan shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Employer and the Participants, their Beneficiaries or
any other person. Any funds which may be invested under the provisions of this
Plan shall continue for all purposes to be part of the general funds of the
Employer and no person other than the Employer shall by virtue of the provisions
of this Plan have any interest in such funds. To the extent that any person
acquires a right to receive payments from the Employer under this Plan, such
right shall be no greater than the right of any unsecured general creditor of
the Employer. If the Company decides to establish any advance accrued reserve on
its books against the future expense of benefits payable hereunder, or if the
Company is required to fund a trust under this Plan, such reserve or trust shall
not under any circumstances be deemed to be an asset of the Plan. In no event
shall any Participant or Beneficiary be entitled to receive any payment for any
amount due under the Plan from any trust maintained for the Qualified Plan.


98





8. Construction of Plan.


     Nothing
contained in this Plan and no action taken pursuant to the provisions of this
Plan shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Employer and the Participants, their Beneficiaries or
any other person. Any funds which may be invested under the provisions of this
Plan shall continue for all purposes to be part of the general funds of the
Employer and no person other than the Employer shall by virtue of the provisions
of this Plan have any interest in such funds. To the extent that any person
acquires a right to receive payments from the Employer under this Plan, such
right shall be no greater than the right of any unsecured general creditor of
the Employer. If the Company decides to establish any advance accrued reserve on
its books against the future expense of benefits payable hereunder, or if the
Company is required to fund a trust under this Plan, such reserve or trust shall
not under any circumstances be deemed to be an asset of the Plan. In no event
shall any Participant or Beneficiary be entitled to receive any payment for any
amount due under the Plan from any trust maintained for the Qualified Plan.


98





This excerpt taken from the FL 8-K filed Aug 17, 2007.

10. Construction of Plan.

     Nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Employer and the Participants, their Beneficiaries or any other person. Any funds which may be invested under the provisions of this Plan shall continue for all purposes to be part of the general funds of the Employer and no person other than the Employer shall by virtue of the provisions of this Plan have any interest in such funds. To the extent that any person acquires a right to receive payments from the Employer under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Employer. If the Company decides to establish any advance

9


accrued reserve on its books against the future expense of benefits payable hereunder, or if the Company is required to fund a trust under this Plan, such reserve or trust shall not under any circumstances be deemed to be an asset of the Plan.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki