GPS » Topics » The Gap, Inc. Deferred Compensation Plan

This excerpt taken from the GPS 10-K filed Mar 27, 2009.

The Gap, Inc. Deferred Compensation Plan

FACE="Times New Roman" SIZE="2">(prior to March 2, 2009 known as the

Gap Inc. Supplemental Deferred Compensation Plan)

A-1. Introduction. The Gap, Inc. (the “Company”) maintains the Plan and The Gap, Inc. Deferred Compensation Plan (prior
to March 2, 2009 known as the Gap Inc. Supplemental Deferred Compensation Plan) (“SDCP”) for the benefit of certain of its eligible employees. Effective as of the beginning of business on March 2, 2009 (the “Merger
Date”), the Plan shall be merged into, and continued in the form of, the SDCP.

A-2. Participation. Each Plan Participant who
had an account balance on the last business day prior to the Merger Date shall automatically become a participant in the SDCP on the Merger Date, to the extent he had not already begun participating in the SDCP prior to the Merger Date.


A-3. Merger. Effective on the Merger Date, the Plan shall be merged into the SDCP. The merger into the SDCP and the transfer of notional
amounts shall comply with the American Jobs Creation Act of 2004, as amended, and section 409A of the Internal Revenue Code, to the extent deemed necessary and desirable by the Company.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">A-4. Transfer of Accounts. All notional amounts credited to notional accounts maintained under the Plan for Participants shall be adjusted
as of the Merger Date in accordance with the terms of the Plan. The net credit balances in such notional accounts, as adjusted, shall be transferred to the SDCP and credited as of the Merger Date to the corresponding notional accounts already
maintained for SDCP Participants in the same amounts as the Participants’ notional accounts had been invested under the Plan, to the extent determined by the Investment Committee and, at the discretion of the Investment Committee, as directed
by the Participant.

 


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EX-10.30
3
dex1030.htm
AMENDMENT TO EXECUTIVE DEFERRED COMPENSATION PLAN - SUSPENSION OF PENDING MERGER


Amendment to Executive Deferred Compensation Plan - Suspension of Pending Merger



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