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HBI » Topics » 2.23 Pension SERP Interest Rate

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

2.23 Pension SERP Interest Rate

“Pension SERP Interest Rate” means an interest rate equal to 120% of the annual rate on 30-year Treasury securities published for the month that is 3 months prior to the Determination Date or payment commencement date, as applicable, rounded to the nearest 0.25%.

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