BGC » Topics » Construction

This excerpt taken from the BGC 8-K filed Jun 27, 2007.

Construction


(a)

The Plan is intended to constitute an unfunded deferred compensation arrangement for a select group of management or highly compensated employees and therefore exempt from the requirements of Sections 201, 301 and 401 of ERISA.  All rights hereunder shall be governed by and construed in accordance with




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the laws of the Commonwealth of Kentucky to the extent such laws are not pre-empted by ERISA or other federal law.


(b)

The masculine pronoun shall mean the feminine whenever appropriate.


(c)

The titles and headings of the Articles and Sections of the Plan are for convenience only.  In case of ambiguity or inconsistency, the text, rather than the titles or headings, shall control.






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