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This excerpt taken from the F 10-K filed Feb 26, 2009. Ford New Holland,
Inc. The following shall be applicable to former employees of
Ford Tractor Operations who were transferred to Ford New Holland (FNH) and who
participated in the General Retirement Plan for service through December 31,
1989 ("FNH Employees").
(a) Retirement-Eligible
FNH Employees as of January 1, 1989.
A FNH
Employee who was eligible to retire under the General Retirement Plan on or
prior to January 1, 1989, and who was in a position equivalent to a Salary Grade
13 or above on December 31, 1989, and who retires directly from FNH shall be
deemed to be an Eligible Executive under the Plan only for Supplemental Benefits
and shall receive such benefits as are applicable under the terms of the Plan in
effect at the date of retirement, if retired prior to January 1, 1992, or the
terms of the Plan in effect on January 1, 1992, if retired on or after January
1, 1992; provided, however, that for purposes of calculating the Supplemental
Benefit, the Plan shall use (i) the employee's position or salary grade at FNH
as of December 31, 1989; (ii) the Final Five Year Average Base Salary
immediately preceding retirement of the Eligible Executive from FNH; and (iii)
the employee's Credited Service or Contributory Service, as applicable, as of
December 31, 1989.
(b) Non-Retirement
Eligible Employees as of January 1, 1989. A FNH
Employee who was not eligible to retire under the General Retirement Plan on or
prior to January 1, 1989, and who was in a position equivalent to a Salary Grade
13 or above on December 31, 1989, and who retires directly from FNH shall be
deemed to be an Eligible Executive under the Plan only for Supplemental Benefits
and shall receive such benefits as are applicable under the terms of the Plan in
effect as of January 1, 1989; provided, however, that for purposes of
calculating the Supplemental Benefit, the Plan shall use (i) the employee's
position or salary grade at FNH as of December 31, 1989; (ii) the Final Five
Year Average Base Salary as of January 1, 1989; and (iii) the employee's
Contributory Service as of December 31, 1989.
This excerpt taken from the F 10-K filed Mar 10, 2005. 3.02 Ford New Holland, Inc.
The following shall be applicable to
former employees of Ford Tractor Operations who were transferred
to Ford New Holland (FNH) and who participated in the General
Retirement Plan for service through December 31, 1989
(“FNH Employees”).
(a) Retirement-Eligible FNH Employees as of January 1, 1989. A FNH Employee who was eligible to retire under the General Retirement Plan on or prior to January 1, 1989, and who was in a position equivalent to a Salary Grade 13 or above on December 31, 1989, and who retires directly from FNH shall be deemed to be an Eligible Executive under the Plan only for Supplemental Benefits and shall receive such benefits as are applicable under the terms of the Plan in effect at the date of retirement, if retired prior to January 1, 1992, or the terms of the Plan in effect on January 1, 1992, if retired on or after January 1, 1992; provided, however, that for purposes of calculating the Supplemental Benefit, the Plan shall use (i) the employee’s position or salary grade at FNH as of December 31, 1989; (ii) the Final Five Year Average Base Salary immediately preceding retirement of the Eligible Executive from FNH; and (iii) the employee’s Credited Service or Contributory Service, as applicable, as of December 31, 1989.
(b) Non-Retirement Eligible Employees as of January 1, 1989. A FNH Employee who was not eligible to retire under the General Retirement Plan on or prior to January 1, 1989, and who was in a position equivalent to a Salary Grade 13 or above on December 31, 1989, and who retires directly from FNH shall be deemed to be an Eligible Executive under the Plan only for Supplemental Benefits and shall receive such benefits as are applicable under the terms of the Plan in effect as of January 1, 1989; provided, however, that for purposes of calculating the Supplemental Benefit, the Plan shall use (i) the employee’s position or salary grade at FNH as of December 31, 1989; (ii) the Final Five Year Average Base Salary as of January 1, 1989; and (iii) the employee’s Contributory Service as of December 31, 1989.
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