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HBI » Topics » 2.1 2006 Special Election

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

2.1 2006 Special Election

If the Committee, in its discretion, decides to offer a 2006 Special Election, then the “2006 Special Election” shall mean a Participant’s valid election, made prior to December 31, 2006 in accordance with rules and procedures established by the Committee, to receive his or her Pension SERP Benefit and/or RSSERP Benefit in a lump sum or in installments over a period of 5 or 10 years (as elected by the Participant) on the Default Payment Date.

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