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This excerpt taken from the HAS DEF 14A filed Apr 6, 2009. Retirement
Agreement With David D.R. Hargreaves
Mr. Hargreaves is entitled to a defined benefit from a
Retirement Agreement that replaces the benefits previously
accrued under the Expatriate Plan and considers all of his
services with Hasbro, including periods in the U.K. The single
straight-life annuity benefit under the Retirement Agreement is
determined as follows: (I) (A) 1% of five-year average
compensation multiplied by (B) years of benefit service
(for this purpose Mr. Hargreaves is continuing to accrue
years of benefit service), with such benefits then being reduced
by (II) the benefits payable from the (i) former U.K.
Plan sponsored by Hasbro (which benefits are now being provided
by Legal and General as a result of the buyout of deferred
pensioners), (ii) Pension Plan and (iii) Supplemental
Plan (pension benefits). Due to Mr. Hargreaves age and
service, benefits under this plan are payable on an unreduced
basis.
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