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This excerpt taken from the FL 8-K filed Jun 5, 2007. Employee Directors. If a Nonemployee Director becomes an employee of the Company, he or she may not make any future
deferrals under the Plan and the Nonemployee Director's Deferral Agreement shall terminate. Amounts already deferred under the Plan shall continue to be deferred until such employee incurs a “separation of service” within the meaning of
Section 409A of the Code. Notwithstanding the foregoing, if such employee is a Key Employee, payment of amounts deferred hereunder shall be delayed in accordance with the requirements of Section 409A of the Code until the day immediately following
the six month anniversary of such employee’s “separation from service.”
(j) This excerpt taken from the FL 8-K filed Feb 18, 2005. Employee Directors. If a Participant becomes an employee of the Company but remains a director, he or she may not make any future deferrals under the Plan and the Participant's Deferral Agreement shall terminate. Amounts already deferred under the Plan shall continue to be deferred until the end of such Participant's Deferral Period.
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