FL » Topics » EXECUTIVE MEDICAL ALLOWANCE PROGRAM SUMMARY
These excerpts taken from the FL 10-K filed Mar 30, 2009.
EXECUTIVE MEDICAL ALLOWANCE
PROGRAM SUMMARY
Participants:
Corporate Officers and Division
Presidents and other executives as may from time to time be approved for
participation by the Compensation and Management Resources Committee of
the Board of Directors of Foot Locker, Inc. (the “Compensation
Committee”)
Allowable
Expenses:
Out-of-pocket medical expenses up to
a set maximum annual dollar amount, as may be determined from time to time
by the Compensation Committee.
Section
409A:
Except as permitted by Section 409A
of the Internal Revenue Code (the “Code”) and regulations issued
thereunder, the right to reimbursement (i) shall not be subject to
liquidation or exchange for another benefit, (ii) the amount of expenses
eligible for reimbursement during any taxable year shall not affect the
expenses eligible for reimbursement in any other taxable year, provided
that the foregoing clause (ii) shall not be violated with regard to
expenses reimbursed under any arrangement covered by Section 105(b) of the
Code solely because such expenses are subject to a limit related to the
period the arrangement is in effect, and (iii) such reimbursements
payments shall be made on or before the last day of the participant’s
taxable year following the taxable year in which the expense was
incurred.
