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HBI » Topics » 2.3 Termination of Participation

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

2.3 Termination of Participation

A Covered Employee will cease to be a Covered Employee on the earliest of the following dates:

 

  (a) The date he or she ceases to be employed by an Employer as an Executive.

 

  (b) The date of his or her retirement from his or her employment with all Employers, or the last day worked, whichever is later.

 

  (c) The date of his or her termination of employment with all Employers, or the last day worked, whichever is later.

 

  (d) The date he or she is no longer actively at work due to an unpaid leave of absence. Notwithstanding the foregoing, an unpaid leave qualifying as a leave under the Family and Medical Leave Act of 1993 (“FMLA”) or the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended (“USERRA”) shall be administered in accordance with the benefits requirements of the FMLA and USERRA and the regulations thereunder.

"2.3 Termination of Participation" elsewhere:

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