HPQ » Topics » Section 18. Rollovers from other Plans.

This excerpt taken from the HPQ 8-K filed Sep 21, 2006.

ARTICLE IX: ROLLOVERS FROM OTHER PLANS

9.1           Discretion to Accept. The Committee shall have complete authority and discretion, but no obligation, to establish an Account for a Rollover Participant and credit the Account with the amount transferred from the Rollover Participant’s account in a Rollover Plan, except that the Committee shall establish an Account for a Rollover Participant for whom benefits and liabilities have been transferred to

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this Plan from the EBP. Amounts credited to such Accounts are fully subject to the provisions of this Plan; provided, however, that a Rollover Participant from the EBP shall be deemed to have elected to invest his Account in the Stable Value Fund if such Rollover Participant fails to make an investment election. Reference in the Plan to such a crediting as a “rollover” or “transfer” from a Rollover Plan or the EBP is nominal in nature, and confers no additional rights upon a Rollover Participant other than those specifically set forth in the Plan.

9.2           Status of Rollover Participants. A Rollover Participant and his Beneficiary are fully subject to the provisions of this Plan, except as otherwise expressly set forth herein. A Rollover Participant who is not already a Participant in the Plan and is not otherwise eligible to participate in the Plan at the time of rollover, shall not be entitled to make any additional deferrals under the Plan unless and until he has become eligible to do so under the terms of the Plan.

9.3           Payments to Rollover Participants. Payments from a Rollover Participant’s Account shall be made in accordance with the form and timing of payment provisions of the Rollover Plan or the EBP, as applicable.

This excerpt taken from the HPQ 8-K filed Nov 23, 2005.

ROLLOVERS FROM OTHER PLANS

 

9.1           Discretion to Accept.  The Committee shall have complete authority and discretion, but no obligation, to establish an Account for a Rollover Participant and credit the Account with the amount transferred from the Rollover Participant’s account in a Rollover Plan.  Amounts credited to such Accounts are fully subject to the provisions of this Plan.  Reference in the Plan to such a crediting as a “rollover” or “transfer” from a Rollover Plan is nominal in nature, and confers no additional rights upon a Rollover Participant other than those specifically

 

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set forth in the Plan.

 

9.2           Status of Rollover Participants.  A Rollover Participant and his Beneficiary are fully subject to the provisions of this Plan, except as otherwise expressly set forth herein.  A Rollover Participant who is not already a Participant in the Plan and is not otherwise eligible to participate in the Plan at the time of rollover, shall not be entitled to make any additional deferrals under the Plan unless and until he has become eligible to do so under the terms of the Plan.

 

9.3           Payments to Rollover Participants.  Payments from a Rollover Participant’s Account shall me made in accordance with the form and timing of payment provisions of the Rollover Plan.

 

IN WITNESS WHEREOF, HEWLETT-PACKARD COMPANY has caused this Hewlett-Packard Company 2005 Executive Deferred Compensation Plan to be executed on this 17th day of November, 2005.

 

 

 

HEWLETT-PACKARD COMPANY

 

 

 

/s/ Lawrence T. Babbio, Jr.

 

 

Lawrence T. Babbio, Jr.

 

Chair, HR and Compensation Committee

 

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This excerpt taken from the HPQ 8-K filed Mar 22, 2005.

ROLLOVERS FROM OTHER PLANS

 

 

                8.1           Discretion to Accept.  The Committee shall have complete authority and discretion, but no obligation, to establish an Account for a Rollover Participant and credit the Account with the amount transferred from the Rollover Participant’s account in a Rollover Plan.  Amounts credited to such Accounts are fully subject to the provisions of this Plan.  Reference in the Plan to such a crediting as a “rollover” or “transfer” from a Rollover Plan is nominal in nature, and confers no additional rights upon a Rollover Participant other than those specifically set forth in the Plan.

 

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                8.2           Status of Rollover Participants.  A Rollover Participant and his Beneficiary are fully subject to the provisions of this Plan, except as otherwise expressly set forth herein.  A Rollover Participant who is not already a Participant in the Plan and is not otherwise eligible to participate in the Plan at the time of rollover, shall not be entitled to make any additional deferrals under the Plan unless and until he has become an Eligible Employee under the terms of the Plan.

 

                8.3           Payments to Rollover Participants.  Payments from a Rollover Participant’s Account shall me made in accordance with the form and timing of payment provisions of the Rollover Plan.

 

 

 

IN WITNESS WHEREOF, HEWLETT-PACKARD COMPANY has caused this Hewlett-Packard Company 2005 Executive Deferred Compensation Plan to be executed on this 17th day of March, 2005.

 

 

HEWLETT-PACKARD COMPANY

 

 

 

Lawrence T. Babbio, Jr.

Chair, HR and Compensation Committee

 

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This excerpt taken from the HPQ 10-K filed Jan 14, 2005.

Section 18.    Rollovers from other Plans.

        18.1    Discretion to Accept.    The Committee shall have complete authority and discretion, but no obligation, to allow the Plan to create Deferral Accounts for Rollover Participants and credit such accounts with amounts to reflect the Rollover Participant's deferral account in a Rollover Plan. The amounts credited to such Deferral Accounts are fully subject to the provisions of this Plan. Reference in the Plan to such a crediting as a "rollover" or "transfer" of assets from a Rollover Plan is nominal in nature, and confers no additional rights upon a Rollover Participant other than those specifically set forth in the Plan.

        18.2    Status of Rollover Participants.    A Rollover Participant and his or her Beneficiary are fully subject to the provisions of this Plan, except as otherwise expressly set forth herein. A Rollover Participant who is not already a Participant in the Plan and is not otherwise eligible to participate in the Plan at the time of rollover, shall not be entitled to make any additional deferrals under the Plan unless and until he or she has become an Eligible Employee under the terms of the Plan.

        18.3    Payment to Rollover Participants.    If at the time of rollover or transfer, payments from a Rollover Participant's account in a Rollover Plan have already commenced from a Rollover Plan, he or she shall continue to receive such payments in accordance with the form and timing of payment provisions of such plan. If a Rollover Participant is not yet eligible to receive payments from the Rollover Plan at the time of the rollover or transfer, he or she is bound by the payout provisions of this Plan.

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