KFFB » Topics » -- Pension Benefits -- Retirement Plan.

This excerpt taken from the KFFB DEF 14A filed Oct 12, 2007.
“ -- Pension Benefits -- Retirement Plan.” Had Messrs. Whitaker, Jennings and Hulette terminated employment at June 30, 2007, under the Retirement Plan they would have received annual benefits of $107,558, $16,100 and $7,783, respectively, starting at age 65. In Mr. Whitaker’s case, he alternatively would have been entitled to elect to receive a lump sum distribution of $1,071,000. The Company would not be required to accrue further expenses in connection with these payments.

COMPENSATION COMMITTEE REPORT 

     The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis that is required by the rules established by the Securities and Exchange Commission. Based on such reviews and discussions, the Compensation Committee recommended to the board of directors that the Compensation Discussion and Analysis be included in this proxy statement. See

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