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HBI » Topics » 3.1 Eligibility

This excerpt taken from the HBI 8-K filed Sep 5, 2006.

3.1 Eligibility

Transferred Participants shall be eligible to participate in the Plan on the Effective Date. In addition, each other Employee of an Employer who is a participant in the Retirement Savings Plan will become a Participant in the Plan upon the date that the contributions that he or she would otherwise receive under the Retirement Savings Plan are limited by one or more of the following:

 

  (i) By operation of Code Section 415;

 

  (ii) Because Supplemental Compensation is not taken into account under the Retirement Savings Plan; or

 

  (iii) Because a period required to be included as service pursuant to an employment, severance or other written agreement with an Employer is not taken into account under the Retirement Savings Plan.

"3.1 Eligibility" elsewhere:

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